
Sprintex signs $1.7M Taiwan distribution deal
- Sprintex has secured a three-year exclusive distribution agreement with Shing Yu Trading Co. in Taiwan.
- The company's share price increased by 17.14% following the market announcement.
- The arrangement provides a commercial platform to supply energy-efficient blowers to the Taiwanese semiconductor sector.
Sprintex (ASX:SIX) has signed a three-year exclusive distribution agreement in Taiwan with a minimum $1.7 million annual purchase requirement.
The agreement introduces the company to the Taiwanese semiconductor infrastructure market, contrasting with its historical focus on automotive superchargers.
"Taiwan’s semiconductor sector operates under significant water and energy-efficiency mandates, and our blower technology is well-positioned to address those requirements," said Sprintex Managing Director Jay Upton.
Shing Yu Trading Co placed an initial order for two jet blowers valued at $22,000 each for a facility trial.
Following the announcement, the Sprintex share price was up 17.14% at $0.082.
The company stated that its high-speed blowers can deliver up to 50% power savings during wastewater aeration.
The arrangement follows a separate expansion by the business into the industrial blower market of Saudi Arabia.