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The latest update is out from Sprintex Limited ( (AU:SIX) ).
Sprintex Limited has signed an exclusive distribution agreement with Seoul-based ChoisTechnics Corp. to supply its fuel cell compressors in South Korea, one of the world’s most advanced hydrogen economies. The deal covers hydrogen fuel cell applications across mobility and stationary markets, while allowing Sprintex to continue direct supply to existing South Korean customers.
The agreement includes performance-based exclusivity with escalating minimum purchase commitments over three years and supports an initial project with Doosan for stationary backup power. Management says the partnership strengthens Sprintex’s regional footprint, advances its strategy to build a global hydrogen compressor business through local technical partners, and creates a structured pathway into a key market, though it does not assure immediate revenue.
The most recent analyst rating on (AU:SIX) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Sprintex Limited stock, see the AU:SIX Stock Forecast page.
More about Sprintex Limited
Sprintex Limited is an Australian engineering company focused on advanced compressor technologies, including fuel cell compressors for hydrogen applications. The company targets global clean energy and hydrogen markets, supplying components for mobility sectors such as marine and aviation, as well as stationary power systems in key regions including South Korea and China.
Average Trading Volume: 732,669
Technical Sentiment Signal: Buy
Current Market Cap: A$47.04M
Find detailed analytics on SIX stock on TipRanks’ Stock Analysis page.