Sparc Technologies Limited (ASX: SPN) has received a AU$1.12 million research and development (R&D) tax refund for the financial year ending 30 June 2024. This refund, provided under the Australian Government’s R&D Tax Incentive program, strengthens Sparc's cash position and supports its key projects, including Sparc Hydrogen, ecosparc field trials, and the development of graphene-based additives for advanced coatings and polymers.
The R&D Tax Incentive offers up to a 48.5% refundable tax offset for eligible R&D activities, recognizing Sparc’s commitment to innovation in green hydrogen production and sustainable technologies. Managing Director Nick O’Loughlin emphasized the importance of this rebate in driving the company’s commercialization efforts for technologies that enhance sustainability and environmental outcomes. Sparc continues to lead in transformative industries, focusing on photocatalytic water splitting for green hydrogen, anti-corrosion graphene additives, and sodium-ion battery anodes made from agricultural bio-waste.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
