BALLERUP, Denmark, Nov. 13,
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
a leading technology company for lithium brine production in the
U.S.
Electric vehicles are powered by batteries that rely on lithium,
an indispensable metal that uniquely enables a wide variety of
electrode chemistries with high volumetric energy density and fast
charging. The broad adoption of electric vehicles requires a
substantial increase in lithium production. To realize this
electric future, traditional methods of lithium production must be
replaced with new technology that can deliver higher rates of
production while meeting basic environmental standards. Brine
resources hold a substantial amount of the world's lithium, but
until now, the lack of a scalable extraction technology has
hindered their development. One of the suitable solutions for
lithium brine extraction is ion exchange. LiqTech ultrafiltration
(UF) membrane filtration technology shows the huge potential to be
an excellent pre-treatment step for enhancing downstream ion
exchange process.
"I am very excited with this commercial order. In the past
months, we have conducted a couple of small-scale tests at customer
sites in the U.S. and illustrated superior performance of our UF
membrane filtration technology for lithium brine production,"
commented Fei Chen, CEO of LiqTech.
"This order provides a unique opportunity for LiqTech to
demonstrate our UF technology robustness and efficiency in
challenging onsite situations. We look forward to meeting the
requirements of this customer within this new application, and to
seeing the significant opportunity it can bring to both parties
over time."
The new commercial system is scheduled to be delivered to the
customer in the 4th quarter of 2024.
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.