Key Highlights

  • Sprintex received €815k (A$1.3m) from Mest Water, made up of €715k in production deposits and €100k in settlement of delivered equipment.
  • Commercial manufacturing began at the Kunshan facility in China, with deposits securing the first 40 compressor systems valued at about €1.43m (A$2.28m).
  • The Mest Water order book totals €25.7m (A$41.1m) across 700 systems, with deliveries scheduled through late 2028.
  • An upgraded three-motor compressor configuration using MW50, MW18 and MW13 stages was developed during on-farm testing.

Sprintex Limited (ASX:SIX) has received €815k (A$1.3m) from Netherlands-based MW Techniek Systems B.V., known as Mest Water, and has started commercial manufacturing under a €25.7m (A$41.1m) purchase order book. The payments consist of €715k (A$1.2m) in upfront production deposits and €100k (A$160k) in final settlement for equipment delivered earlier. Manufacturing of the compressor systems used in Mest Water's ZLD-UP agricultural waste processing technology has begun at Sprintex's wholly owned Kunshan facility in China.

Deposits Secure the First 40 Systems

The €715k of deposits represents 50% upfront payments on an initial production run of 40 systems, with a combined contract value of about €1.43m (A$2.28m). The first batch covers 16 high-capacity 800kg/hr systems, made up of 3 field prototypes and 13 early serial units. A second run follows with 20 further 800kg/hr systems and 4 smaller 300kg/hr systems, sequenced to match site readiness and installation schedules in the Netherlands.

The remaining €100k relates to previously delivered evaluation equipment and control infrastructure. Sprintex said the funds support working capital for the start of manufacturing. Its technical team is on site in the Netherlands finalising commissioning of the upgraded prototypes.

The €25.7M Purchase Order Book

The orders were announced on 30 June 2026 and are the largest commercial order book in Sprintex's history. They comprise a €6.5m (A$10.4m) purchase order for 200 smaller 300kg/hr systems, intended for dairy, pig and family-owned operations including through Mest Water's distribution relationship with Completerra B.V., and a €19.2m (A$30.7m) order for 500 high-capacity 800kg/hr systems built on the upgraded compressor architecture.

Deliveries of the 700 systems are scheduled progressively through late calendar 2028 under a revised timeline. Sprintex and Mest Water are coordinating manufacturing volumes and delivery schedules in line with deployment requirements.

Engineering Changes and Deployment Channels

Before manufacturing started, the two companies completed an extended program of on-farm testing and engineering optimisation, evaluating performance across waste streams including dairy and veal slurry. The high-capacity systems now use a three-motor compressor configuration with independently controlled MW50, MW18 and MW13 stages, designed to handle variations in waste composition, viscosity and foaming.

The design also incorporates upgraded air foil bearings, labyrinth seals and titanium impellers. To suit a revised 75°C operating temperature threshold, the MW50 compressor was added to maintain target evaporation rates at lower temperatures.

Mest Water has described the Netherlands as its initial focus, citing more than 10,000 smaller Dutch agricultural operations as potentially suited to its smaller-format systems. The 300kg/hr configuration is being offered through Completerra's rental and operational leasing model. Mest Water is also working with Elweco-Medo on mobile ZLD-UP systems, with an initial 20 truck-mounted units targeted over the following six months.

The release included an illustrative supply rate of 50 to 60 systems a month, equal to 600 to 720 systems a year and an annual supply value of about €22.0m to €26.4m (A$35.1m to A$42.1m). Sprintex stated that these figures are not a production target, a revenue forecast or additional contracted orders.

Managing Director and CEO Jay Upton described the payments and the start of manufacturing as the transition of the Mest Water partnership from technical development and validation into commercial execution. He said the immediate focus is delivering the existing 700-system order book. Mest Water Managing Director Arjan Mensink said the company is concentrating on final on-farm commissioning and installations across the Netherlands.

Where the Mest Water Program Stands

Sprintex now holds €815k in commercial payments, a manufacturing line running in Kunshan and a contracted book of 700 systems valued at €25.7m. The first 40 systems are funded by 50% deposits, and deliveries under the full order book run to late 2028.