Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

SPRINTEX LIMITED Capital/Financing Update 2023

Nov 7, 2023

65799_rns_2023-11-07_34c1f3e6-e8c4-46db-9baa-0235d45943e4.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

Sprintex Limited ABN: 38 106 337 599

ASX: SIX

ASX RELEASE 8 November 2023

Gen 2 Challenger and New GR86 & BRZ Supercharger Systems Released at SEMA USA

Supercharger Orders Secured

Sprintex Limited (ASX: SIX) (Sprintex or the Company) is pleased to confirm release of two new Automotive supercharger systems at the SEMA Expo held in Nevada USA from October 31st to November 3rd, with US$80,000 (approx. A$123,000) of new orders secured.

Highlights

  • Automotive supercharger system range increases
  • Systems to suit Subaru BRZ, Toyota GR86, Chrysler 300, Dodge Challenger and Charger models
  • Sprintex first to launch system for new generation 2 Toyota GR86/ Subaru BRZ platform
  • Successful appearance at SEMA, the world's largest "Industry Only" automotive event
  • US$80,000 (A$123,000) new orders secured

Sprintex is the first of the mainstream aftermarket supercharger manufacturers to launch a system for the new generation 2 Toyota GR86/ Subaru BRZ platform introduced in 2022.

The systems were launched in the New Products Expo at the SEMA Show in the USA, which attracts some 130,000 industry visitors from more than 160 countries around the world, making it the world's largest automotive event.

Figure 2: Sprintex Challenger Pentastar 3.6 Gen 2 Supercharger System

Also applicable to 300 and Charger 2011 onwards. Latest Sprintex system featuring the new super-efficient, twin screw, front-entry Sprintex 335FE supercharger.

Suite 6, Level 1, 251 St Georges TCE Perth WA 6000 Phone: +61 8 9262 7277 Email: [email protected] URL: www.sprintex.com.au Figure 1: Sprintex Booth SEMA 2023

As successors to previously successful products for Toyota, Subaru and Chrysler, the new systems are applicable to 2022 and later Subaru BRZ and Toyota GR86 vehicles and Generation 2 of its previously successful systems to suit Dodge Challenger, Charger and Chrysler 300 vehicles produced from 2012 to 2022.

Complimenting existing Generation 2 systems to suit 2012 to 2022 Jeep Wrangler and Gladiator vehicles launched in 2021 and 2022, Sprintex has added Dodge Challenger, Charger and Chrysler 300 vehicles to its advanced Generation 2 range for 3.6 Pentastar powered vehicles.

Introduction of the Generation 2 GR86 has re-ignited interest in this nimble sports car range, which is now produced in higher volumes that ever before, selling in most major markets around the world in both left and right-side drive versions.

During the event, the company received new orders from both newly appointed and existing distributors to the value of US$80,000, (approx. A$123,000) and registered interest from over 100 automotive companies that attended the SEMA Expo.

Sprintex as a company, continues to expand into the clean energy and industrial sectors with new ultra-high-speed e-compressors, but is also consolidating its position in the conventional ICE automotive industry, ensuring longer term profitability and relevance in multiple markets.

Sprintex MD Jay Upton commented:

"Introduction of the Generation 2 GR86 and BRZ has re-ignited interest in this nimble sports car range, which is now produced in higher volumes that ever before, selling in most major markets around the world in both left and right-side drive versions.

"The 'industry only' SEMA event was up 22% on attendance over 2022 with the return of thousands of international buyers (following the Covid 19 pandemic), giving Sprintex exposure to buyers in an automotive aftermarket industry which continues to grow annually, exceeding US$58bn in 2023 in USA alone."

This ASX announcement was authorised for release by the Board of Sprintex Limited.

For further information

Sprintex Limited Jay Upton, Managing Director

P: +61 8 9262 7277 E: [email protected] W: https://invest.sprintex.com.au MMR Corporate Services Pty Ltd Level 5, 52 Phillip Street Sydney, NSW 2000 Australia

P: +61 2 9251 7177 E: [email protected]

About Sprintex

Sprintex is a clean air compressor engineering, research, product development and manufacturing company, incorporated in Australia in 2003. Sprintex designs and manufactures electric and mechanically driven clean air compressors for use in a wide variety of applications, including:

• combustion engines where Sprintex sells Sprintex® twin screw superchargers, 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;

  • hydrogen fuel cells, which require a constant flow of oxygen rich air; and
  • industrial oil-free clean air applications, including wastewater treatment.

Forward Looking Statements

Statements regarding plans with respect to the Sprintex projects and products are forward looking statements. There can be no assurance that the Sprintex plans for its projects or products will proceed as expected and there can be no assurance of future sales.