Sprintex receives A$1.3m from Mest Water as manufacturing starts on A$41.1m order book
Sprintex (ASX: SIX) has received €815k (A$1.3m) in commercial payments from MW Techniek Systems B.V. (“Mest Water”), triggering the commencement of commercial manufacturing under its existing €25.7m (A$41.1m) purchase order book. The Mest Water order book comprises 700 systems scheduled across a revised delivery timeline through to late CY2028.
The payments comprise €715k (A$1.2m) in upfront production deposits and €100k (A$160k) in final settlement for previously delivered equipment. Manufacturing is under way at Sprintex’s wholly owned Kunshan facility in China, while the Sprintex technical team is on-site in the Netherlands finalising commissioning of upgraded prototypes.
The announcement describes the step as moving the Mest Water partnership from product development and technical validation into the execution of a substantial multi-year commercial supply program. The company also noted the receipt of funds supports working capital requirements associated with the commencement of manufacturing.
Headline figures from the update:
- €815k (A$1.3m) received from Mest Water
- €715k (A$1.2m) in upfront production deposits
- €100k (A$160k) in settlement of previously delivered equipment
- €25.7m (A$41.1m) order book covering 700 systems
- Initial batch of 40 systems with a combined contract value of ~€1.43m (~A$2.28m)
Jay Upton, Managing Director and CEO
“The receipt of €815k (A$1.3m) in commercial payments and commencement of manufacturing represents a significant milestone for Sprintex, marking the transition of our Mest Water partnership from an extended period of technical development and validation into commercial execution…”
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What the order book and first production batches cover
The 700-system order book
As announced on 30 June 2026, Sprintex secured expanded purchase orders from Mest Water totalling €25.7m (A$41.1m), representing the company’s largest commercial order book to date.
The expanded Mest Water purchase orders also lifted the combined order book by 65% from December 2025 levels, extending Sprintex’s revenue visibility through to mid-2028.
| Product | Systems | Order value (EUR) | Order value (AUD) |
|---|---|---|---|
| 300kg/hr systems | 200 | €6.5m | A$10.4m |
| 800kg/hr systems | 500 | €19.2m | A$30.7m |
The smaller systems are designed for smaller dairy, pig and family-owned agricultural operations, including through Mest Water’s distribution relationship with Completerra B.V. The 800kg/hr systems incorporate Sprintex’s upgraded compressor architecture for larger agricultural and intensive livestock operations.
Initial batch of 40 systems
The €715k (A$1.2m) in deposits represents 50% upfront payments securing initial production of 40 systems. The batch is sequenced to align with site readiness and installation schedules in the Netherlands:
- 16 high-capacity 800kg/hr systems, comprising 3 field prototypes and 13 early serial units
- A subsequent run of 20 high-capacity 800kg/hr systems and 4 smaller 300kg/hr systems
The remaining €100k (A$160k) relates to final settlement of previously delivered evaluation equipment and control infrastructure.
Engineering upgrades completed
Before manufacturing began, Sprintex and Mest Water completed an extended program of on-farm testing and engineering optimisation across different agricultural waste streams, including dairy and veal slurry. Enhancements included:
- An upgraded three-motor compressor configuration with independently controlled MW50, MW18 and MW13 compressor stages
- Upgraded air foil bearings, labyrinth seals and titanium impellers to support operating reliability
- Optimisation for a revised 75°C operating temperature threshold, with the MW50 compressor incorporated to maintain target evaporation rates
How manure regulation drives demand for ZLD-UP® technology
Mest Water’s patented ZLD-UP® system transforms manure into clean water, recovered nutrients and fertiliser products, using Sprintex’s high-speed compressor systems. Processing happens on-site, which reduces the volume of manure requiring external disposal.
The announcement identifies four factors supporting demand:
- The “Derogation Cliff”: The progressive withdrawal of exemptions under the EU Nitrates Directive has reduced the amount of livestock manure Dutch farmers can apply to land to the standard European limit of 170kg of nitrogen per hectare. This has contributed to a manure surplus estimated at approximately 95,000 tonnes of nitrogen nationally, with off-farm disposal costs currently estimated at €30.0 to €32.5 (A$47.9 to A$51.9) per cubic metre.
- RENURE and the Dutch transition package: The proposed Recovered Nitrogen from Manure (“RENURE”) framework, together with a €160m (A$255m) Dutch agricultural transition package referenced by Mest Water, would allow farmers to apply up to an additional 80kg of recovered nitrogen per hectare, subject to applicable regulatory requirements.
- Compost and potential carbon credits: Dried, treated organic material may have applications as compost and soil amendments, subject to certification under the EU Fertilising Products Regulation. The evolving EU Carbon Removals and Carbon Farming Certification Framework (CRCF) also presents potential longer-term opportunities, subject to certification and eligibility requirements.
- Market breadth: Over 10,000 smaller Dutch agricultural operations have been identified as potentially suitable for Mest Water’s smaller-format processing systems.
Arjan Mensink, Managing Director of Mest Water
“…Following the Dutch derogation expiry and the introduction of the RENURE framework, our inbound customer pipeline has surged across both intensive livestock facilities and family-owned farms…”
Routes to market and upside beyond existing orders
Distribution models
Mest Water continues to advance its distribution and deployment strategy across two channels:
- Completerra turnkey rental platform: The smaller 300kg/hr configuration is being commercialised through Completerra’s full-service rental and operational leasing model
- Mobile Nutrifixer fleet: Mest Water is progressing its collaboration with Elweco-Medo for mobile ZLD-UP® systems, targeting an initial 20 truck-mounted units over the coming six months
The announcement states these models support potential demand for Sprintex’s compressor systems and lay the foundation for future expansion into Germany, Denmark, France, Ireland and Spain.
Illustrative upside
By way of illustration, a sustained supply rate of 50 to 60 systems per month would equate to 600 to 720 systems annually. Based on the average contracted system value across existing purchase orders, that represents approximately €22.0m to €26.4m (A$35.1m to A$42.1m) a year.
These figures are illustrative only and do not represent a production target, revenue forecast or additional contracted orders. Sprintex stated its manufacturing infrastructure provides an opportunity to support higher volumes if Mest Water expands, which could create a scalable, recurring revenue stream.
What happens next for Sprintex and Mest Water
Three stated items follow from the update:
- Commissioning of upgraded prototypes: The Sprintex technical team is currently on-site in the Netherlands finalising commissioning, while Mest Water is focused on final on-farm commissioning.
- Delivery of 700 systems: Progressive deliveries under existing purchase orders are scheduled through late CY2028, under a revised delivery timeline.
- Mobile Nutrifixer fleet: An initial 20 truck-mounted units is targeted over the coming six months, with Mest Water working with Elweco-Medo.
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