Sprintex signs South Korean hydrogen system agreement for its fuel cell compressors

Perth-headquartered Sprintex (ASX:SIX) has entered an exclusive distribution agreement with South Korea’s ChoisTechnics for the supply of fuel cell compressors to advance its global hydrogen and fuel cell compressor market plans.

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The agreement with Chois covers hydrogen fuel cell applications across mobility and stationary markets. The deal features a minimum commitment of $145,000 year one, $289K year two, and increasing to $506K in year three.

Sprintex’s managing director and CEO, Jay Upton, today said an initial project is already underway with two sample compressors supplied and under testing for stationary backup power with Doosan Corporation.

“This agreement marks an important step in expanding our hydrogen strategy into South Korea, one of the most advanced fuel cell markets globally,” he said.

Mr Upton continued: “Partnering with Chois provides a technically capable, well-connected in-market partner to support commercialisation while maintaining control over our product engineering and quality.”

Mr Upton said the agreement advances Sprintex’s strategy to build a global hydrogen compressor business driven by a combination of regional distribution partnerships, engineering-led project development, and scalable deployment across both mobility and stationary hydrogen applications.

“Over the past three years, Sprintex has already supplied sample compressors and engineering support to more than 20 hydrogen-fuelled development programs globally, positioning the company strongly as a potential key compressor supplier to this highly discerning market as hydrogen infrastructure begins to roll out across multiple countries.

“While the agreement does not guarantee immediate revenue, it provides a structured pathway for participation in a rapidly growing market segment and supports Sprintex’s broader strategy of diversifying into clean energy applications.”

The Western Australian company’s fuel cell compressor platform is designed to support hydrogen fuel cell systems requiring high efficiency, oil-free operation and reliable performance across a range of operating conditions.

Sprintex is also supporting fuel-agnostic projects such as linear generators (principally targeting future hydrogen fuel applications) and methanol fuel cells.

SIX is steady at 6.7¢ today.

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