Transforming the $12.5 Billion Dollar Global Fire Sprinkler Industry: Sparx Holdings Group, Inc. Introduces the Cutting-Edge Sparx(TM) Smart Sprinkler System to Meet Growing Demands

CRANSTON, RI / ACCESSWIRE / July 13, 2023 / Sparx Holdings Group, Inc. (OTC:SHGI), a fire protection technology company is making significant advancements of its Sparx™ Smart Sprinkler System, a first of its kind in fire sprinkler technology.

The Sparx™ Smart Sprinkler System revolutionizes traditional sprinkler systems by offering a range of advanced features, technology, and benefits. This innovative system comprises three key components: wireless battery-powered sprinkler activation and sensing units, a base station that collects data from the sprinklers and controls sprinkler activations, and an installation and commissioning tool used to set up the system. By leveraging these new cutting-edge technologies, Sparx Holdings Group believes the Sparx™ system provides significant advantages over traditional mechanical sprinkler systems that may rely on older forms of technology.

Specific opportunities for the Company's technology are warehouses and storage facilities with high ceiling heights, those with automated storage and retrieval systems (ASRS systems), those with dense storage, storage of highly flammable commodities like plastic and synthetic materials, and lithium-ion based battery energy storage systems which currently do not have many tested and validated fire protection recommendations.

Sparx Holdings Group, Inc. believes its technology may also have key benefits in buildings with obstructed construction like purlins and girders (beams acting as structural support for ceilings), buildings with sloped ceilings, forest product storage, aerosol storage, atriums, tunnels, and much more.

The global fire sprinkler market size was valued at $12.49 billion USD in 2021, and is projected to reach $22.26 billion USD by 2030, registering a CAGR of 7.49% over the forecast period (2022 to 2030)¹. In the US alone the fire sprinkler market has reached a value of $4.3 billion USD in 2021². Sparx Holdings Group, Inc. anticipates capturing a portion of this market with the introduction of its new technology. Sparx Holdings Group, Inc. believes most of its market opportunity is currently within the commercial segment, specifically within the application of storage and warehousing.