Sparc Technologies R&D Tax Refund Announcement

Sparc Technologies Limited (ASX: $SPN) has received a research and development (R&D) tax refund of $1.422 million for the fiscal year 2023. The refund will bolster the company's cash position and provide continued support for Sparc's projects involving graphene, green hydrogen, and sodium ion batteries.

Executive Commentary on R&D Tax Refund

We are very pleased that Sparc has received a substantial R&D rebate for the fiscal year 2023. This rebate is not only a vital financial cash asset for Sparc but also a strong endorsement of our commitment to advancing our work in graphene-based additives and renewable energy. Such financial support is instrumental in propelling our research and development efforts towards commercialisation for technologies that improve performance and environmental outcomes in multi-billion dollar industries.

Summary of Sparc Technologies R&D Tax Refund

Sparc Technologies (ASX: $SPN) has received a $1.422 million research and development (R&D) tax refund for the fiscal year 2023. This refund will provide crucial financial support for Sparc's ongoing projects in graphene, green hydrogen, and sodium ion batteries. The company's commitment to advancing technologies that improve performance and environmental outcomes in multi-billion dollar industries is further endorsed by this substantial rebate. The financial support will aid Sparc in propelling its research and development efforts towards commercialization, aligning with the company's goal of delivering a more sustainable world.