BALLERUP, Denmark and HOUSTON and SHANGHAI, May 7, 2024
/PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT),
a clean technology company that manufactures and markets highly
specialized filtration products and systems for marine, and Dan
Marine Group (DMG), an Asian-focused provider of high quality
products and after sales services to marine and offshore industry
customers worldwide, have entered into a partnership agreement to
expand LiqTech's presence in the Chinese shipbuilding and repair
market for marine scrubber water treatment solutions and new
exhaust gas recirculation (EGR) water treatment systems for duel
fuel marine vessels. The agreement also includes the servicing by
DMG of existing LiqTech marine installations, including fast
delivery of spare parts and on-site repair work.
DMG is a rapidly growing organization formed in 2005,
specializes in sourcing, manufacturing, reconditioning,
distributing and supplying of marine diesel and auxiliary engine
spares, deck machinery equipment. DMG has close customer
relationships in the marine industry, and a strong sales and
service organization in China with
locations close to customers for shipbuilding and repair. They are
highly specialized within maritime to support owners, shipyards and
scrubber manufacturers with supply of new installations and spare
parts.
LiqTech has developed a compact and efficient marine scrubber
water treatment system for both closed-loop and hybrid scrubbers
that outperforms discharge limits regulated by the IMO Marpol VI.
LiqTech's solutions remove unburned fuel oil, soot particles, ash,
and heavy metals from marine scrubber wastewater and take an active
role in reducing world pollution. Since LiqTech's first marine
installations in 2017, the Company has successfully installed
retrofit and new-build marine scrubber water treatment systems on
more than 170 large commercial ships for many of the world's
largest global ship owners. Furthermore, ship owners have gained
tremendous fuel savings leveraging LiqTech's water treatment units,
providing for enhanced ROI.
Fei Chen, CEO of LiqTech
International, commented, "Dan Marine Group is a significant player
in the Chinese marine market with extensive sales and service
presence. The combination of LiqTech's unique silicon carbide
ceramic filtration technology and commercial demonstration of the
many installed water treatment systems in marine, and DMG highly
skilled engineering capabilities to design, install and service
market-proven marine water treatment systems, provide ship owners
an opportunity to enhance sustainability through emissions
reduction and the transition to new and clean marine fuels. We look
forward to the potential success our two companies can make."
Eric Shao, Managing Director of
Dan Marine commented, "As a leading
scrubber water treatment maker for marine application, LiqTech
International provides complete solutions for both hybrid and close
loop scrubber systems to address our discharge challenges globally.
We are thrilled & proud to work with LiqTech, with a strong
belief that our joint effort of maritime emission control will
enrich our ESG as well as business development. Working together,
we for sure will achieve more."
About LiqTech International, Inc.
LiqTech International, Inc., a Nevada corporation, is a clean technology
company that provides state-of-the-art ceramic silicon carbide
filtration technologies for gas and liquid purification. LiqTech's
silicon carbide membranes are designed to be used in the most
challenging purification applications, and its silicon carbide
filters are used to control diesel exhaust soot emissions. Using
nanotechnology, LiqTech develops products using its proprietary
silicon carbide technology, resulting in a wide range of component
membranes, membrane systems, and filters for both microfiltration
and ultrafiltration applications. By incorporating LiqTech's SiC
liquid membrane technology with the Company's extensive systems
design experience and capabilities, LiqTech offers unique, turnkey
solutions for the most difficult water purification
applications.
For more information, please visit:
www.liqtech.com
Follow LiqTech on Linkedln:
http://www.linkedin.com/company/liqtech-international
Follow LiqTech on Twitter: https://twitter.com/LiqTech
About Dan Marine.
Dan
Marine Group is a rapidly growing organization formed in 2005, with
foundation companies Dan Marine (Far
East) Ltd. from Hong Kong, Dan
Marine Shanghai Ltd. in P.R.
China, and DMA Nantong Ltd. in Jiangsu Nantong. Dan Marine
Group and its subsidiaries aim to provide reputable & high
quality products and after sales services globally, to our Marine
and Offshore industry customers. Dan Marine Group has formed
partnerships with companies around the globe to ensure that
professional and timely services are available to its valued
customers – Round the World, Round the Clock.
LiqTech Forward-Looking Statements
This press
release contains "forward-looking statements." Although the
forward-looking statements in this release reflect the good faith
judgment of management, forward-looking statements are inherently
subject to known and unknown risks and uncertainties that may cause
actual results to be materially different from those discussed in
these forward-looking statements. Readers are urged to carefully
review and consider the various disclosures made by us in the
reports filed with the Securities and Exchange Commission,
including the risk factors that attempt to advise interested
parties of the risks that may affect our business, financial
condition, results of operation, and cash flows. If one or more of
these risks or uncertainties materialize, or if the underlying
assumptions prove incorrect, our actual results may vary materially
from those expected or projected. Readers are urged not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this release. We assume no obligation to
update any forward-looking statements in order to reflect any event
or circumstance that may arise after the date of this
release.
LiqTech Company Contact
Phillip Massie Price, Interim Chief
Financial Officer
LiqTech International,
Inc.
Phone: +45
31313993
pmp@liqtech.com
LiqTech Investor Contact
Robert Blum
Lytham Partners, LLC
Phone: 602-889-9700
liqt@lythampartners.com
For inquiries regarding Dan
Marine, please contact:
Eric
Shao
Managing Director / Dan
Marine (Far East) Ltd.
T: +86 21 60898599 * 6199 / F: +86 21 60898599 *
6198
M: +86 137 0193 8728 (China) +1 617 470 9833 (States)
eric@dan-marine.com
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SOURCE LiqTech International, Inc.