Sprintex (ASX:SIX) secured an AU$27.4 million purchase order for the supply of stationary Zero Liquid Discharge - Upcycled (ZLD-UP) compressor systems and associated control systems to Mest Water, according to a Monday filing with the Australian bourse.
The value for the first 200 complete systems is AU$11.6 million, and the company will receive a 50% deposit of AU$5.8 million by May 26, 2026, and the balance within 30 days of dispatch, the filing said.
The 50% deposit for the next 300 complete systems worth AU$15.8 million is payable 30 days before the expected dispatch of the shipment, and the balance 30 days after dispatch, the filing added.
The expected deliveries are set to generate a monthly revenue of around AU$1.2 million from March 2026 to October 2026 and from November 2026 to July 2027, the company said.
Shares of the company rose 42% and earlier hit a 52-week high in recent Monday trade.