BALLERUP, Denmark, Aug. 12,
2024 /PRNewswire/ -- LiqTech International,
Inc. (NASDAQ: LIQT), a high-tech filtration technology
company that manufactures and markets highly specialized filtration
products and systems, today announced the receipt of an order from
one of the world's leading integrated energy companies to deliver a
pilot system for produced water treatment in the U.S. This produced
water treatment order strengthens the relationship between the two
companies with the intention to use the results as the basis to
design commercial systems for onshore oil and gas applications in
the U.S.
"I am extremely pleased with the progress we are making within
the broader oil and gas industry, and especially within the U.S.
for our state-of-the-art ceramic silicon carbide filtration
technologies for liquid purification," commented Fei Chen, CEO of LiqTech. "This order is key for
LiqTech as it becomes the second significant produced water
treatment order we have received in the U.S. in just the past few
months, highlighting the capabilities our systems provide to
challenging purification applications. We look forward to meeting
the requirements of this customer within this new application, and
the significant opportunity it can bring to both parties over the
long-term."
The new pilot system is scheduled to be delivered to the
customer in the third quarter of 2024 to demonstrate and document
the efficiency of LiqTech's unique silicon carbide ceramic
ultrafiltration technology in treating produced water to facilitate
re-injection and beneficial reuse and meet current regulatory
requirements.
Earlier this year, LiqTech received its first U.S.-based order
for its containerized pilot system to address produced water
treatment filtration for re-injection and reuse, as well as lithium
harvest, from Razorback Direct. The system is currently on site
with an oil and gas customer to test, demonstrate and document the
efficiency in treating produced water to facilitate beneficial
industrial reuse and meet current and future regulatory
requirements. To date, the system has been running stably for more
than two months with test data highlighting that all requirements
are being met.
"The U.S. oil and gas industry is increasingly understanding the
importance to use produced water to offset freshwater demand both
inside and outside the oilfield," Chen continued. "Our solution can
be key to reducing OpEx for our customers, and meetings their
desire set forth to drive sustainability going forward. With two
U.S.-based pilot systems in place that could each turn into
multi-system orders, plus the broader industry showcase that each
will provide, we believe the opportunity in the U.S. is extremely
bright."
ABOUT LIQTECH INTERNATIONAL, INC.
LiqTech International, Inc., a Nevada corporation, is a high-tech filtration
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, modular
designed filtration 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
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
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SOURCE LiqTech International, Inc.