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Sprintex Limited ( (AU:SIX) ) has shared an announcement.
Sprintex Limited has signed an exclusive three-year private-label supply agreement with Guangdong Baode Technology Co., Ltd. (BD Compressor), marking its entry into China’s vast aquaculture market. This agreement, valued at A$9.3 million, provides a new revenue stream and operational scale-up opportunities for Sprintex, as it positions itself to meet the growing demand for energy-efficient aquaculture equipment in a market that produces over 60% of the world’s aquaculture output.
More about Sprintex Limited
Sprintex Limited operates in the aeration equipment industry, focusing on high-efficiency, oil-free blowers. The company is expanding its market presence in the aquaculture sector, particularly in China, which is the largest aquaculture producer globally.
Average Trading Volume: 480,312
Technical Sentiment Signal: Sell
Current Market Cap: A$28.29M
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