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17,093.50
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78.00
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46.11
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109.15
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Hang Seng
17,093.50
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39,023.71
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38,797.51
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7,747.81
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0.6617
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71,640.19
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78.00
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2,163.90
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46.11
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109.15
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Sprintex (ASX: $SIX) secures exclusive distribution deal in Türkiye

  • Author: Stock Piper

Sprintex announces exclusive distribution agreement with Net 0 Enerji


Sprintex Limited (ASX: $SIX) has signed an exclusive distributor agreement with Net 0 Enerji Danismanlik Mühendislik Sanayi Ve Ticaret Limited (Net 0 Energy) for the distribution of the Company's G-Series Jet Blowers in the Republic of Türkiye. The agreement entails a commitment of AUD $5.8 million over three years, with Net 0 Enerji being appointed as the exclusive distributor for Sprintex G Series Blowers in Türkiye.

Executive Commentary on the Exclusive Distribution Agreement


Jay Upton, Managing Director of Sprintex, expressed his enthusiasm about the collaboration, stating, 'We are thrilled to welcome Net 0 Enerji as our exclusive distributor in the Republic of Türkiye. This partnership highlights the market's strong demand for our cutting-edge, energy-efficient solutions. We are confident that our G Series units will deliver exceptional performance and reliability, opening new market opportunities.' Güray Erden, Managing Director of Net 0 Enerji, also shared his excitement, saying, 'Our initial meeting with Sprintex at WETEX Dubai in 2023, followed by our discussions in Türkiye in May 2024, reinforced our excitement about this collaboration. Sprintex's innovative technology and the substantial energy savings their jet blowers provide align seamlessly with our mission to enhance energy efficiency and sustainability.'

Summary of Sprintex's Exclusive Distribution Agreement


Sprintex Limited (ASX: $SIX) has entered into an exclusive distributor agreement with Net 0 Enerji Danismanlik Mühendislik Sanayi Ve Ticaret Limited for the distribution of the Company's G-Series Jet Blowers in the Republic of Türkiye. The agreement involves a commitment of AUD $5.8 million over three years, with Net 0 Enerji being appointed as the exclusive distributor for Sprintex G Series Blowers in Türkiye. The partnership aims to leverage Net 0 Enerji's expertise in energy monitoring and management solutions to promote Sprintex's energy-efficient solutions in the Türkiye market. Sprintex continues to pursue similar arrangements with other companies worldwide, demonstrating its commitment to expanding its global presence and market reach.

SPRINTEX LIMITED
SIX | ASX | Consumer Discretionary
0.0510(+0%)
At close 05/07 (AEDT)
Market cap
$27.1M
Volume
1,379,754
DY Yield
0
PE Ratio
0
52 Week Range
0.01 - 0.058
1YR Return
466.667%

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