Sprintex Limited on Making Green Compressors
Rooster Talk Episode 46 is with Jay Upton, Managing Director of Sprintex Limited (ASX: SIX) announcing the partnership with Aeristech Limited that will bring the company into the green, no emission space.
Under this agreement, Sprintex Limited as a motor supplier and sales representative will manufacture Sprintex products for hydrogen energy and clean air markets, including hydrogen fuel cell, industrial turbo blowers and compressor sets, based around Aeristech core designs.
This agreement to supply Hydrogen Fuel Cell Compressors will allow Sprintex to be seen as a Green Engineering company who designs and manufactures clean air compressors. This will no doubt put the company on a path to participate in renewable and clean energy technologies in automotive and other industries.
As the world economy is moving into the new "Green" industry, Sprintex is doing all the steps to ensure it is among the players in this growing sector.
Jay Upton, the Managing Director of Sprintex Limited (ASX: SIX) reminds us that the company is in production and is already supplying the market. The opening of the China factory will open another part of the business that will create a revenue stream that is just at its infancy.
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.”
00:00 - Introduction
01:06 - The New Partnership
01:53 - The Compressor is not just for vehicles.
03:15 - How Sprintex started the road to electrifying their compressors.
06:25 - How this partnership will open the market for Sprintex.
08:14 - The Hydrogen and Electric sector is one and the same.
09:45 - Restarting of the Malaysian Factory.
11:41 - What is the news flow?
15:59 - Spintex is another sector to invest for Green story on the ASX.
17:20 - Conclusion
About Jay Upton
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. Prior to this, Jay gained a further 20 years’ experience in engineering management in the heavy mobile equipment sector and in both industrial and automotive high-performance engine engineering.
Jay was the Chief Technology Officer of the Company from 2011-2016 and he was the Technical Consultant in 2019. During this period, Jay was responsible for all technical development within the Company and is recognised as the inventor on two international supercharger patents assigned to the Company. In addition, during this period, he performed technical presentations to, and commercial negotiations with, vehicle manufacturers in ASEAN, China, Japan, USA, Europe and Australia. He also worked with the Managing Director on business strategies, corporate presentations and capital raisings.
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.
Prior to this, from 2004-2007, Jay was the General Manager of the Company at which time he was responsible for the initial setup of the operations and for day-to-day management of all operational and technical functions. From 2000-2004, Jay was the General Manager of the Automotive Division of Advanced Engine Components Limited (now known as Ookami Limited) where he carried out the day to day management of both Sprintex and Bullet Supercars (Qld), including overseeing emissions and full vehicle compliance of a high-performance sports car for Australian production.
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 is quality assured to ISO 9001-2008, its Malaysia operations are certified to ISO 9001-2015 and operate under ISO 14001 environmental standard and TS16949 automotive component standard.
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