Proactive’s Tylah Tully breaks down Just the Facts of the latest news from Sprintex Ltd (ASX:SIX).

The company has shipped its first Mest Water ammonia reduction unit to Europe, as part of a A$1 million evaluation phase, with 19 more units to follow.

This project addresses European agricultural emission regulations, with Sprintex compressors playing a key role in reducing ammonia emissions.

In a separate development, Sprintex achieved an energy efficiency breakthrough through its partnership with China’s Qunying Corporation.

Trials of G15 blowers demonstrated a 69% reduction in energy consumption, resulting in A$1.25 million in annual savings per factory.

The G Series blowers continue to draw attention for their energy-saving capabilities across various sectors, positioning the company well to meet growing global demand for energy-efficient technologies.

On the corporate front, John Bell has been appointed as the new CFO and company secretary, bringing over 25 years of experience in financial roles, with expertise in mergers, acquisitions, and IPOs.

Originally published on Proactive Investors, 17 Oct 2024