Sprintex Limited announced that it has entered into a Strategic Procurement and Cooperation Agreement with Nanjing RGE Membrane Tech Co. Ltd. (RGE) to develop and supply stand-alone air supply systems used in the water treatment industry in China. Sprintex will customize and develop a series of stand-alone high-speed centrifugal air compressors for use in the water treatment industry with rated power covering 10kW to 60kW, including additional agreed systems and controls. Overview: Sprintex will supply a minimum of 400 units (of mixed models) over a two-year initial term, 100 of which must be purchased in the first year and 300 in the second year. Minimum contract value of RMB 30 million (AUD 6.3 million) over the first two years of the initial three-year term. First deliveries to be completed in first quarter 2022, quarterly minimums apply.