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Sprintex Limited (ASX:SIX)

ALERT: Price-sensitive ASX Announcement for SIX
Current share price for SIX : $0.072 0.005 (7.46%)+
Announcement
Release
30 Mar 2026 8:19AM
Price at Release
$0.067
Full Release
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Summary
Sprintex Limited has announced an agreement with ChoisTechnics Corp. to exclusively distribute its fuel cell compressors in South Korea, a leading hydrogen market. This strategic move is aimed at expanding Sprintex's hydrogen market presence, leveraging Chois's established technical expertise and market relationships. The agreement includes performance-based exclusivity with increasing purchase commitments over three years. This partnership allows Sprintex to further its strategy of building a global hydrogen compressor business and supports its broader diversification into clean energy applications.
Key Points
  • Sprintex secures exclusive distribution agreement with ChoisTechnics Corp. in South Korea.
  • Agreement targets hydrogen fuel cell applications in mobility and stationary markets.
  • Performance-based exclusivity with purchase commitments increasing over three years.
  • Partnership aligns with Sprintex's strategy to expand in the hydrogen market.
  • Sprintex retains direct supply to existing South Korean customers Vinssen and Global Nova.
  • Initial project with Doosan Corporation for stationary backup power testing.
  • Sprintex aims to establish a global hydrogen compressor business.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.