Highlights

• CleanSpace Holdings received a new order worth approximately AU$1.9 million from its Indonesian distributor for an existing global mining customer, with delivery scheduled across the first quarter of FY27.
• The contract represents CleanSpace’s largest individual order from an industrial enterprise customer and follows an AU$600,000 order from the same customer in June 2026 that has already been fully delivered.
• Beyond the initial equipment requirement, CleanSpace anticipates recurring demand for consumables as its respiratory protection products continue to be used across the customer’s Indonesian mining operations.

CleanSpace Holdings Limited (ASX: CSX) is a Sydney-based respiratory protection technology company serving industrial and healthcare markets. Its product portfolio combines powered respiratory equipment with supporting technology, while continued investment in research and development underpins the company’s focus on differentiated workplace safety solutions.Record Industrial Order Expands Mining ExposureCleanSpace has secured approximately AU$1.9 million of new business from an established global copper and gold mining customer operating in Indonesia. The purchase has been made through PT. Lasindo Jayabersama, CleanSpace’s Indonesian distribution partner, and is scheduled to be fulfilled during Q1 FY27. Importantly, this is the largest single industrial enterprise order recorded by CleanSpace to date. The scale of the transaction indicates that the relationship has progressed beyond initial product adoption towards a broader deployment of the company’s respiratory protection technology across demanding mining environments.Repeat Business Strengthens the Customer RelationshipThe latest transaction follows an AU$600,000 purchase placed by the same customer in June 2026, which CleanSpace has already delivered in full. Combined, the two disclosed orders represent approximately AU$2.5 million of business from this customer over a relatively short period. CleanSpace has worked with PT. Lasindo Jayabersama since establishing its distribution arrangement in 2024, providing products alongside operator and maintenance training at the customer’s mining sites. This ongoing engagement has allowed the company to build a practical service relationship alongside the supply of respiratory equipment.CST ULTRA Adds a Digital Layer to Respiratory SafetyProduct functionality is an important element of the customer relationship. CleanSpace’s CST ULTRA powered air purifying respirator is designed to combine respiratory protection with data capabilities relevant to large industrial workforces. The platform can provide information covering fleet-wide equipment usage, filter and consumable requirements, and compliance reporting. For safety and operational teams managing respiratory programs across large mining sites, these functions provide visibility beyond the physical protection delivered by the respirator itself. This combination of protection and operational data represents a key point of differentiation for CleanSpace’s offering.Mining Conditions Could Generate Recurring Consumables DemandThe commercial value of the relationship may extend beyond the AU$1.9 million equipment order. CleanSpace expects further consumables purchases in coming months because of operating conditions at the customer’s Indonesian mines. Consumables can create repeat demand after the initial deployment of respiratory systems, potentially increasing the lifetime commercial value of a major enterprise account. The customer uses CleanSpace technology across demanding underground and open-pit environments, where respiratory equipment and associated consumables form an ongoing component of workforce protection.Delivery Track Record Supports Larger DeploymentsCleanSpace’s ability to service a large mining organisation is supported by its record of delivering orders on time and in full through the Indonesian distribution relationship. The company has worked alongside its local partner to supply equipment and provide ongoing training, helping establish the operational infrastructure required for wider product deployment. Management indicated that the mining customer places importance on respiratory protection standards, dependable supply and the fleet-level information available through CST ULTRA. These requirements align with CleanSpace’s strategy of competing through specialised technology and service capability rather than respiratory equipment alone.Largest Enterprise Order Provides Commercial MomentumThe record AU$1.9 million order represents an important commercial milestone for CleanSpace within the industrial market. It expands an existing customer relationship, follows the successful fulfilment of an earlier AU$600,000 order and creates the potential for subsequent consumables revenue. More broadly, successful deployment within large-scale copper and gold mining operations provides a practical demonstration of CleanSpace’s technology in challenging working conditions. Execution of the Q1 FY27 order, continued consumables demand and further expansion within large industrial accounts will be important indicators of whether this customer relationship can translate into sustained commercial growth.Note- All data presented is based on information available at the time of writing.Disclaimer for Kapitales ResearchThe materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. 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