Sprintex agreement targets China MVR market
- Sprintex executes a formal co-development agreement with Jiangsu Bosiwei Chemical Equipment Engineering to collaborate on sub-3-tonne mechanical vapour recompression systems.
- The announcement follows regular market activity, with the company's share price trading down 4.29% at $0.067.
- The strategy targets energy-saving industrial retrofits in China, building on regional demand for high-efficiency compressor technologies.
Sprintex (ASX:SIX) executed a co-development agreement with Jiangsu Bosiwei Chemical Equipment Engineering to create sub-3-tonne mechanical vapour recompression systems for industrial applications in China.
The partnership targets an energy-saving retrofit for Hebei Yufeng Industrial Group, deploying 30kW MVR compressor technology designed to replace legacy 110kW Roots blowers.
The company did not include an executive quote in its initial public filing regarding this specific transaction announcement.
The collaboration features a two-stage commercial structure that moves from evaluation directly into ongoing commercial supply subject to successful testing.
Sprintex stated that completion of the benchmark project is intended to lead to a long-term supply agreement granting Bosiwei exclusive matching integration status in China.
Following the announcement, the Sprintex share price was down at $0.067.
The business specialises in the engineering and manufacturing of clean air compressors and high-speed electric motors for various industrial applications.
