Sprintex Secures Exclusive South Korea Deal to Boost Hydrogen Fuel Cell Growth

Strategic Expansion into South Korea's Hydrogen Market

Sprintex Limited (ASX:SIX) has taken a significant step in advancing its hydrogen fuel cell compressor strategy by signing an exclusive distribution agreement with ChoisTechnics Corp., a Seoul-based engineering firm. This partnership aims to accelerate Sprintex’s commercialisation efforts within South Korea, a country recognised globally for its advanced hydrogen economy and strong government backing.

The agreement covers a broad range of hydrogen fuel cell applications, including mobility sectors such as marine and aviation, as well as stationary power markets. These sectors represent high-value opportunities as hydrogen infrastructure continues to develop rapidly in the region.

Structured Commercial Pathway with Performance Commitments

Under the terms of the deal, ChoisTechnics will act as the exclusive distributor for Sprintex’s fuel cell compressors in South Korea, with minimum purchase commitments starting at US$100,000 in the first year and increasing to US$350,000 by the third year. While this does not guarantee immediate revenue, it establishes a clear commercial framework for growth and market penetration.

Importantly, Sprintex retains direct supply relationships with existing South Korean customers Vinssen Co., Ltd. and Global Nova Co., Ltd., ensuring continuity and production volumes expected to exceed 200 units annually. Additionally, an initial project with industrial giant Doosan Corporation is underway, with sample compressors currently being tested for stationary backup power applications.

Leveraging Local Expertise and Global Ambitions

ChoisTechnics brings deep technical expertise and strong industry connections within South Korea’s hydrogen ecosystem, making it an ideal partner to support Sprintex’s market entry and expansion. The collaboration was highlighted by their joint participation in the China International Hydrogen Congress & Expo 2026, underscoring Chois’s recognised position in the sector.

Sprintex’s Managing Director Jay Upton emphasised that this partnership aligns with the company’s broader strategy to build a global hydrogen compressor business through regional partnerships and engineering-led engagement. With over 20 hydrogen-related programs supported worldwide, Sprintex is positioning itself to capitalise on the accelerating transition to clean energy.

Broader Market Context and Future Outlook

South Korea’s hydrogen economy is driven by strong government policies and significant industrial investment, making it a critical market for early deployment of fuel cell technologies. Sprintex’s fuel cell compressors, designed for high-speed, oil-free, and energy-efficient air supply, are well suited to meet the demanding requirements of mobility, stationary power, and emerging sectors such as aviation.

Beyond South Korea, Sprintex is actively engaged in multiple global hydrogen projects, including supplying compressors for a US-based linear generator program nearing commercialisation and supporting Stralis Aircraft’s hydrogen-electric propulsion systems for regional aviation. These diverse engagements highlight Sprintex’s capability to serve a broad spectrum of clean energy applications.

While the new distribution agreement does not immediately translate into revenue, it provides a structured and strategic pathway into one of the world’s most advanced hydrogen markets, reinforcing Sprintex’s commitment to clean energy innovation and long-term growth.