Sparc Technologies collaborates with SA Government for field trials of ecosparc®

Sparc Technologies Limited (ASX: $SPN) has signed a binding agreement with the South Australian Department for Infrastructure and Transport (DIT) to conduct collaborative field trials of ecosparc® enhanced coatings on steel infrastructure. The trials aim to evaluate the application and performance of ecosparc® under real-world conditions, representing the final stage of testing ahead of commercialisation.

Executive Commentary on Field Trials and Agreement

The Trial Agreement with the South Australian Department for Infrastructure and Transport marks a significant milestone for Sparc, showcasing the innovative approach of the DIT in embracing new technology to improve asset performance and sustainability while lowering maintenance costs for steel assets. This agreement is a key step towards the global adoption and commercialisation of ecosparc® in anti-corrosive coatings.

Summary of Field Trials and Outlook

The collaborative field trials with the SA Government represent a crucial phase in Sparc's strategy to demonstrate the performance of ecosparc® in real-world environments. Successful trials are expected to drive market demand for ecosparc® enhanced coatings from large steel infrastructure owners. The company's ambitions include reducing CO2 emissions and maintenance costs associated with steel assets, with the potential for commercial decisions to be made by asset owners and coatings companies to use ecosparc® enhanced coatings. Sparc's Trial Agreement obligations include supplying the coatings and specified application instructions, while the DIT will provide and prepare the steel infrastructure and arrange for the application of the coatings at its own cost. The financial impact of the Trial Agreement is negligible, but it represents a key milestone in testing the company's flagship graphene-based additive product on key infrastructure.