Sprintex Expands Global Reach with A$7 Million Deal in India

3 min read | December 16, 2024 01:50 PM AEDT | By Team Kalkine Media

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Sprintex Expands Global Reach with A$7 Million Deal in India — Image source: shutterstock

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Highlights

Sprintex (SIX) secures an A$7 million distribution deal for G Series Blowers in India.

Collaboration with Euroteck focuses on energy-efficient solutions and local assembly.

India's growing turbo blower market enhances potential for mutual growth.

Sprintex (ASX:SIX) has furthered its global expansion by securing an exclusive A$7 million distribution agreement in India. This three-year deal with Euroteck Environmental Pvt. Ltd. focuses on distributing Sprintex's G Series Blowers, marking a significant milestone in providing energy-efficient industrial solutions tailored to India's growing demand.

This partnership follows successful local testing of Sprintex's G15 units, which demonstrated substantial energy savings compared to existing blower technologies. Sprintex's strategy includes local assembly and retrofitting approximately 3,000 systems in India with its advanced G15 units, highlighting its commitment to addressing regional energy challenges with innovative solutions.

Details of the Agreement

Under the agreement, an initial order worth A$144,000 has already been placed, with a deposit of A$72,000 secured. To maintain exclusivity, quarterly minimum order targets have been set, with a total commitment of A$7.16 million expected to be surpassed over the agreement's term.

The collaboration is positioned to address the energy and cost-efficiency needs of industrial applications across India. This aligns with India's expanding turbo blower market, which has a valuation of approximately A$157 million in 2024, growing at a compound annual growth rate of 8.8%.

Energy Efficiency at the Core

Sprintex's G Series Blowers have demonstrated a significant advantage in energy efficiency. Trials conducted by Euroteck with five G15 demo units showcased clear improvements, emphasizing the product’s suitability for the Indian market, where energy costs remain a critical concern.

Jay Upton, managing director of Sprintex, stated that the partnership positions Sprintex as a key player in India's industrial market. He emphasized the alignment of the G Series Blowers with sustainability goals, offering cost-effective and energy-efficient solutions.

Euroteck's managing director, Rajkumar Kurra, highlighted the challenges of India’s energy landscape and how incorporating Sprintex's technology can transform wastewater treatment and industrial applications.

Future Opportunities

Kurra is set to visit Sprintex's Suzhou facility to explore additional collaboration opportunities. This marks a step forward in strengthening the partnership and opening avenues for further innovation.

Sprintex remains focused on exploring similar partnerships globally, aiming to secure additional exclusivity agreements that bolster its presence in industrial markets worldwide.

By addressing industrial sustainability with innovative technologies, Sprintex (SIX) continues to solidify its position as a leader in energy-efficient solutions tailored to dynamic and growing markets.

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