Sparc Technologies Ships First ecosparc® Order to Tier 1 Coatings Giant

First Commercial ecosparc® Shipment Marks Key Commercialisation Milestone

Sparc Technologies (ASX:SPN) has dispatched its first commercial shipment of ecosparc®, a graphene additive designed to enhance protective coatings, to a Tier 1 global coatings manufacturer. This 160kg order, fulfilled from Sparc’s Adelaide facility, represents the first widely used protective coating product to incorporate ecosparc® and signals a significant step in the company’s commercialisation journey.

The shipment follows the launch of two ecosparc®-enhanced coatings products since May 2026, including partnerships with major players AkzoNobel and Petro Vietnam Paints. Sparc’s Managing Director Nick O’Loughlin emphasised that this milestone validates years of R&D and field trials, highlighting the company’s industry-leading performance data for graphene in anti-corrosion coatings.

Manufacturing Capacity Positioned for Growth Without Extra Capital

Sparc’s current production capacity can dose approximately 4.5 million litres of protective coatings annually, enabling a substantial volume ramp-up without additional capital expenditure. This operational readiness supports Sparc’s ambition to convert its pipeline of more than 20 active testing programs into multiple commercial product launches over the next 6 to 12 months.

The company clarified that it will not disclose the identity of its Tier 1 customer, citing ASX compliance guidelines, but confirmed this customer is not a related party or substantial shareholder. The focus remains on the commercial milestone itself rather than customer credit risk, with revenue and cash flow impacts to be reported in future financial statements.

Share Purchase Plan Opens to Support Commercial Expansion

To underpin its growing commercial pipeline, Sparc has opened a non-underwritten Share Purchase Plan (SPP) targeting up to A$1.75 million. Eligible shareholders can subscribe at 17.5 cents per share, a 16.7% discount to the last traded price on 17 August 2026. The SPP closes on 24 September 2026 unless extended or closed early.

The SPP offer aligns with Sparc’s recent capital raising efforts aimed at accelerating the rollout of ecosparc® and supporting its green hydrogen initiatives. The discounted pricing reflects the company’s desire to broaden its shareholder base while raising funds to capitalise on commercial momentum.

Expanding ecosparc® Adoption and Diversifying Product Portfolio

Beyond protective coatings, Sparc is advancing its SparcES™ graphene additive range targeting electrostatic and conductive coatings used in data centres, semiconductor manufacturing, and other advanced industries. The company has also initiated collaborative testing in powder coatings, adding another sizeable market segment to its addressable coatings portfolio.

This diversification complements Sparc’s green hydrogen joint venture with Fortescue Ltd and Adelaide University, which focuses on photocatalytic water splitting technology. While green hydrogen remains a longer-term play, the immediate commercialisation of ecosparc® is driving the company’s near-term growth narrative.

With ecosparc® now moving from trials to commercial deliveries, the coming months will be critical in converting the active testing pipeline into recurring revenues and establishing Sparc as a leading graphene additive supplier in the coatings industry.