Programmable Logic Controller (PLC) validation success enhances system compatibility and market reach
Sprintex Limited (ASX: SIX) is pleased to advise the successful validation of the integration functionality of the Company’s Programmable Logic Controller (PLC). This development ensures the Company’s PLCs can interface with various industrial communication standards, enhancing the opportunities to benefit from the operational efficiency and flexibility of Sprintex’s advanced technology blowers.
Promising Growth Opportunities with Advanced Integration Evaluations Underway
Several prominent companies are now evaluating Sprintex blowers for integration into their systems, showcasing the potential for broad application and widespread adoption, including AirTech, MAT Global and FlexBio.
Further, Sprintex is currently in discussions with 17 dealers across major cities in China, showcasing the potential of its G15 blowers. These discussions span a range of locations including Beijing, Haerbin, Yixing, Ningbo, Nanjing, Yantai, Shanghai, Shenzhen, Chengdu, Suzhou, Zhengzhou, Zhuhai, Nanchang, and JieYang.
Sprintex estimates based on dealer feedback suggest approximately 5,400 G-15 4kW and G-15 7.5kW units will be purchased over the next 12 months, delivering an estimated revenue of AU$14,750,000 from the G15 series alone.
The market potential in China is significant, with annual sales of blowers in excess of 1,000,000 units per year and Sprintexis confident that these opportunities will prove successful.
The Company aims to solidify its presence in the region by delivering high-performance blowers that meet the demands of various industrial applications.
Clean Energy Update
Sprintex is dedicated to advancing clean energy technologies with its highly efficient fuel cell compressors. The eCompressor series is designed to provide superior efficiency, reliability, and power density, suitable for fuel cell applications ranging from 10kW to 300kW. With options for foil air bearings or oil-free ball bearings, these compressors deliver optimal performance for various applications, including automotive and stationary fuel cell systems.
Sprintex Compressor series features
- High Efficiency: Single-stage compressor achieving aerodynamic efficiency greater than 80%, making it ~10% more efficient than traditional two-stage systems.
- Power Density: Industry-leading power density with up to 25kW output, weighing less than 7.5kg.
- Reliability: Lightweight rotor design enhances durability and ensures stable operation under high G shocks and vibrations.
- Versatility: Compatible with multiple voltage inputs (48V-800V DC) and suitable for a wider range of fuel cell stack applications.
Clean Energy Evaluation Projects
Linear Generator Manufacturer – USA: One of two prominent linear generator style programs evaluating our blowers for integration into their linear generator systems. This collaboration underscores our commitment to advancing clean energy technologies. The concept features two pistons in a closed-end tube with combustion happening between the pistons, generating electricity through expansion causing the pistons to pass through a generator winding. This system, ~50% more efficient than traditional diesel generators, can run on multiple fuels, including natural gas. expects to supply 300 units in the second half of 2024, highlighting the commercial potential of this partnership.
Linear Generator Manufacturer-2 – USA: Born out of a prominent global aero engine manufacturer, this program is testing our S Series E-boost machines for their cutting-edge applications. Their design is a development of the Stirling heat engine, improved by design changes made possible by additive manufacturing and featuring intricate heat exchangers for higher efficiency. This external combustion engine, which can run on various fuels, including hydrogen, natural gas, and ammonia, is expected to achieve about 50% more efficiency than diesel generators. The company is intending to deliver around 100 units in 2025. Success in this partnership could lead to long-term supply agreements and enhance our reputation in the clean energy market.
Sprintex remains committed to advancing our technologies and expanding our market reach through strategic partnerships and rigorous evaluations. We will continue to update the market on our progress and look forward to achieving significant milestones soon.
