Coffee with Samso Episode 115 with Jay Upton, managing director of Sprintex Ltd is all about the EV story that investors have missed and ignored.
This episode of Coffee with Samso is all about the real story of No Emission. The investment narrative has focused on the raw materials, but we have been telling readers and viewers of Samso that it is actually about No Emission.
We now know Sprintex as a company that designs and manufactures clean air compressors. The strategy as we discussed in the first Coffee with Samso - Green Engineering - Green and Efficient Technology - Sprintex Limited (ASX: SIX) - Episode 92 - is moving towards newer renewable and clean energy technologies for automotive and other industries. This new core business is now a reality.
Sprintex has now secured the first part of the business in the latest announcement of a supply of a minimum of RMB30M (equivalent to AUD6M) over two years. This is a minimum supply and according to Jay Upton, this is likely to be a bigger number.
Chapters
00:00 Introduction
06:16 The Green Engineering Story
07:45 The Sprintex Story
09:14 It is all about Efficiency.
11:06 The ESG Efficiency
13:04 Difference between Electric, Hybrid and Hydrogen Vehicles.
22:27 Sprintex is providing the Solution of Zero Efficiency.
23:46 Floodgate of opportunities for Sprintex.
24:48 Sprintex has arrived.
27:41 Rome was Not Built In One Day.
30:27 Last words from Jay.
31:13 Conclusion
PODCAST
Read Samso Insight: Victory Lap for Sprintex Limited
About Jay Upton
Managing director
Jay (Jude) Upton has a broad range of business managerial and technical engineering experience gained over a 20-year period working in the international automotive industry where he has amassed a network of international industry contacts. Prior to this, Jay gained a further 20 years’ experience in engineering management in the heavy mobile equipment sector and in both industrial and automotive high-performance engine engineering.
Jay was the chief technology officer of the company from 2011-2016 and he was the technical consultant in 2019. During this period, Jay was responsible for all technical development within the company and is recognised as the inventor on two international supercharger patents assigned to the company. In addition, during this period, he performed technical presentations to, and commercial negotiations with, vehicle manufacturers in ASEAN, China, Japan, USA, Europe and Australia. He also worked with the managing director on business strategies, corporate presentations and capital raisings.
From 2012 to 2017, Jay was employed at Proreka Sprintex (a 50% owned subsidiary of the company) and was instrumental in both the selection of the location for Sprintex's offshore manufacturing and the establishment of Proreka Sprintex. Working closely with the CEO of AutoV (the company’s joint venture partner and the other shareholder of Proreka Sprintex), Jay oversaw the selection and procurement of the manufacturing equipment and the building of the manufacturing facility in Malaysia.
As director of Business Development of the company from 2007 to 2011, Jay was responsible for the establishment and setup of Sprintex USA Inc. (a wholly -wned subsidiary of the company) and acted as secretary of Sprintex USA Inc. for regulatory purposes.
He oversaw market development in the USA, Middle East, South Africa and China and was responsible for commercial agreements with OEMs, suppliers, distributors and dealers in multiple jurisdictions.
Prior to this, from 2004-2007, Jay was the general manager of the company at which time he was responsible for the initial setup of the operations and for day-to-day management of all operational and technical functions. From 2000-2004, Jay was the general manager of the Automotive Division of Advanced Engine Components (ASX:ACE) Limited (now known as Ookami (ASX:OOK) Limited) where he carried out the day to day management of both Sprintex and Bullet Supercars (Qld), including overseeing emissions and full vehicle compliance of a high-performance sports car for Australian production.
About Sprintex
Sprintex Limited (ASX:SIX) is an automotive engineering, research, product development and manufacturing company. It is a leading designer, developer and manufacturer of oil free twin screw compressors for automotive and clean-air industrial applications.
With origins in the UK, Sprintex Limited was incorporated in Australia in November 2003 and listed on the ASX in July 2008 (ASX SIX). The company is headquartered and operates an R&D facility in Perth Western Australia.
Sprintex designs and manufactures superchargers for use in a wide variety of combustion engines and is currently focused on the development and commercialisation of the Sprintex® twin screw supercharger, and supercharger systems incorporating the Sprintex® twin screw supercharger, in the automotive aftermarket and original equipment manufacturer (OEM) market in Australia, Asia, Africa, the Middle East and the United States of America.
The company operates a wholly owned subsidiary in Malaysia which forms its main manufacturing base, a wholly owned subsidiary in USA, primarily servicing the automotive aftermarket and has recently added a further wholly owned subsidiary in China, primarily to explore opportunities in the clean energy sector including hydrogen fuel cells, waste water recycling and other clean air industrial applications. The China facility will engage in R&D and manufacturing for electric drive compressors and controls for various applications.
Sprintex Limited is quality assured to ISO 9001-2008, its Malaysia operations are certified to ISO 9001-2015 and operate under ISO 14001 environmental standard and TS16949 automotive component standard.
Please let Samso know your thoughts and send any comments to info@Samso.com.au. Remember to Subscribe to the YouTube Channel, Samso Media and the mail list to stay informed and make comments where appropriate. Other than that, also feel free to provide a Review on Google.
For further information about Coffee with Samso and Rooster Talks visit: www.samso.com.au
About Samso
Samso is a renowned resource among the investment community for keen market analysis and insights into the companies and business trends that matter.
Investors seek out Samso for knowledgeable evaluations of current industry developments across a variety of business sectors and considered forecasts of future performances.
With a compelling format of relaxed online video interviews, Samso provides clear answers to questions they may not have the opportunity to ask and lays out the big picture to help them complete their investment research.
And in doing so, Samso also enables companies featured in interviews to build valuable engagement with their investment communities and customers.
Headed by industry veteran Noel Ong and based in Perth, Western Australia, Samso’s Coffee with Samso and Rooster Talk interviews both feature friendly conversations with business figures that give insights into Australian Stock Exchange (ASX) companies, related concepts and industry trends.
Noel Ong is a geologist with nearly 30 years of industry experience and a strong background in capital markets, corporate finance and the mineral resource sector. He was founder and managing director of ASX-listed company Siburan Resources Limited from 2009-2017 and has also been involved in several other ASX listings, providing advice, procuring projects and helping to raise capital.
He brings all this experience and expertise to the Samso interviews, where his engaging conversation style creates a relaxed dialogue, revealing insights that can pique investor interest.
Noel Ong travels across Australia to record the interviews, only requiring a coffee shop environment where they can be set up. The interviews are posted on Samso’s website and podcasts, YouTube and other relevant online environments where they can be shared among investment communities.
Samso also has a track record of developing successful business concepts in the Australasia region and provides bespoke research and counsel to businesses seeking to raise capital and procuring projects for ASX listings.
Disclaimer
The information contained in this article is the writer’s personal opinion and is provided for information only and is not intended to or nor will it create/induce the creation of any binding legal relations. Read full disclaimer.