GREEN COMPRESSORS ARE TAKING SPRINTEX LIMITED INTO THE EV SPACE

GREEN COMPRESSORS ARE TAKING SPRINTEX LIMITED INTO THE EV SPACE

✦ Jay Upton, Managing Director of Sprintex Limited (ASX:SIX) shares about the partnership with Aeristech Limited that is making the company go even greener.

Sprintex Ltd and Aeristech Ltd are going into the green, no emission space and making their presence felt, particularly in the Chinese industrial market.

The company is working with Aeristech Limited to supply the Sprintex products into hydrogen energy and clean air markets, including hydrogen fuel cell, industrial turbo blowers and compressor sets.

With the world economy going green, Sprintex is definitely sprinting ahead to make sure they are well in the green industry. And they are taking the necessary steps to ensure they are among the players in this growing sector.

This new partnership is important because Sprintex will be supplying Hydrogen Fuel Cell Compressors and this will allow the company to be seen as a Green

Engineering company that designs and manufactures clean air compressors.

We are basically looking at a company that is on the path to participating in the renewable and clean energy technologies in automotive and other industries.

Richard Wall, Executive Chairman of Aeristech said:

“We are delighted to initiate this partnership with Sprintex. The addition of the engineering resources of Sprintex to our team will help to accelerate product development in key power ranges.

Sprintex commercialisation resources will bolster our revenue growth particularly in the Asian markets. We are very excited with this opportunity to boost our revenue growth in the fast growing hydrogen fuel cell market, key to achieving global emissions reduction and the deceleration of climate change.”

Jay Upton, Sprintex Managing Director said:

“This strategic collaboration will stimulate the excellent synergy between the two companies on product development, global resources for supply chain and sales.

Sprintex aims to offer the most competitive products to the surging electrification, hydrogen fuel cell and next-gen industrial compressor market. Sprintex and Aeristech are confident that under this collaboration, both parties will accelerate the expansion of market coverage and the realisation of revenues leading to profits.”

Noel Ong, CEO of Samso, has been keeping an eye out on companies that are going green and he talks to Mr. Upton about what the company is doing in production and what they are supplying the market with. Another interesting thing to note is the opening of the China factory. This is going to open up another part of the business that will create a new revenue stream.

About Jay Upton

Managing Director

Jay (Jude) Upton has a broad range of business managerial and technical engineering experience gained over a 20-year period working in the international automotive industry where he has amassed a network of international industry contacts.

From 2012 to 2017, Jay was employed at Proreka Sprintex (a 50% owned subsidiary of the Company) and was instrumental in both the selection of the location for Sprintex's offshore manufacturing and the establishment of Proreka Sprintex. Working closely with the CEO of AutoV (the Company’s Joint Venture partner and the other shareholder of Proreka Sprintex), Jay oversaw the selection and procurement of the manufacturing equipment and the building of the manufacturing facility in Malaysia.

As Director of Business Development of the Company from 2007 to 2011, Jay was responsible for the establishment and setup of Sprintex USA Inc. (a wholly owned subsidiary of the Company) and acted as secretary of Sprintex USA Inc. for regulatory purposes.

He oversaw market development in the USA, Middle East, South Africa and China and was responsible for commercial agreements with OEMs, suppliers, distributors and dealers in multiple jurisdictions.

About Sprintex

Sprintex Limited (ASX:SIX) is an automotive engineering, research, product development and manufacturing company. It is is a leading designer, developer and manufacturer of oil free twin screw compressors for automotive and clean-air industrial applications.

With origins in the UK, Sprintex Limited was incorporated in Australia in November 2003 and listed on the ASX in July 2008 (ASX SIX). The company is headquartered and operates an R&D facility in Perth Western Australia.

Sprintex designs and manufactures superchargers for use in a wide variety of combustion engines and is currently focused on the development and commercialisation of the Sprintex® twin screw supercharger, and supercharger systems incorporating the Sprintex® twin screw supercharger, in the automotive aftermarket and original equipment manufacturer (OEM) market in Australia, Asia, Africa, the Middle East and the United States of America.

The company operates a wholly owned subsidiary in Malaysia which forms its main manufacturing base, a wholly owned subsidiary in USA, primarily servicing the automotive aftermarket and has recently added a further wholly owned subsidiary in China, primarily to explore opportunities in the clean energy sector including hydrogen fuel cells, waste water recycling and other clean air industrial applications. The China facility will engage in R&D and manufacturing for electric drive compressors and controls for various applications.

Sprintex Limited (ASX:SIX):

+61 8 9262 7277

sprintex.com.au/contact-us

www.sprintex.com.au

Unit 2 / 63 Furniss Road, Darch WA 6065