Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from Sprintex Limited ( (AU:SIX) ) is now available.
Sprintex Limited has signed an exclusive distribution agreement with Washnah Trading Co. covering its G-Series, GA and GR high-speed jet blowers across Saudi Arabia, with performance-based exclusivity tied to minimum annual order commitments following regulatory approvals. The deal aligns Sprintex with Saudi Arabia’s extensive water and infrastructure investment drive and positions its technology for major municipal projects.
As an early step under the partnership, Washnah has submitted a tender specifying Sprintex blowers exclusively for the wastewater treatment works at the planned King Salman International Airport, representing more than A$5 million in potential supply. If successful, the tender would see around 30 high-power turbo blowers deployed across the facility’s treatment stages, strengthening Sprintex’s foothold in Saudi Arabia’s Vision 2030-linked infrastructure program and validating its blower technology in a flagship project.
More about Sprintex Limited
Sprintex Limited is an Australian-listed manufacturer of high-speed, energy-efficient jet blowers and turbo blowers used in industrial and municipal applications. The company is increasingly targeting high-growth emerging markets, focusing on large-scale water and wastewater infrastructure projects where energy efficiency and oil-free technology are key differentiators.
Average Trading Volume: 403,190
Technical Sentiment Signal: Hold
Current Market Cap: A$51.96M
For an in-depth examination of SIX stock, go to TipRanks’ Overview page.