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Sprintex Limited ( (AU:SIX) ) has shared an update.
Sprintex Limited has successfully secured $1.5 million in firm commitments from four strategic investors, including international institutions, through the issuance of 30 million new shares. The funds will be used for working capital and to advance collaboration with Mest Water on ammonia-reduction systems in the Netherlands and the European Union. This collaboration is progressing towards significant orders valued at €9.3 million, tied to large-scale deployments with Van Drie Group, the Netherlands’ largest veal producer. The placement, supported by MWP Partners Limited and existing major shareholders, is seen as a strong endorsement of Sprintex’s growth trajectory and its position in the market as regulatory demand continues to drive interest in its high-efficiency technology.
More about Sprintex Limited
Sprintex, established in Australia in 2003, is a prominent company specialising in the engineering, research, product development, and manufacturing of ultra high-speed electric motors and clean air compressors. The Company is dedicated to creating energy-efficient solutions for various applications, significantly impacting both industrial and automotive sectors. Sprintex’s innovation-driven approach has positioned it as a leader in the development of clean air technologies, continually advancing the standards in these industries.
Average Trading Volume: 445,728
Technical Sentiment Signal: Hold
Current Market Cap: A$31.46M
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