BALLERUP, DENMARK / CRWEPRESSRELEASE/ September 30th, 2015 – LiqTech International, Inc. (NYSE MKT: LIQT) (“LiqTech”) is pleased to announce that the Company has received a $790,000 order from an international mining company. The order is for a newly developed highly chemical resistant composite multi-housing for the Company´s SiC membranes, chemical storage tanks and process equipment. The order is expected to be delivered in the first half of 2016.
Mr. Sune Mathiesen, LiqTech CEO, remarked, “This order is a follow-on order to the mining order we announced in June 2015. We have commenced production of the system and are pleased that the customer has placed a larger portion of the project with us. The total value of the two orders is $6.9 million. This marks an important step for us in our efforts to establish ourselves as a supplier of complete water treatment solutions.
These orders with this customer are a direct result of our focus on applications within heavy-metal removal. By narrowing our focus to a limited number of applications, we have become specialists and with our new ability to include design, pre- and post-treatment and installation to our scope of delivery, we have become an even more attractive partner to our customers. We are actively pursuing other opportunities within heavy-metal removal applications and we believe that the capability to supply complete water treatment solutions will lead to further orders in the future,” Mr. Mathiesen concluded.
ABOUT LIQTECH INTERNATIONAL, INC.
LiqTech International, Inc., a Nevada corporation, is a clean technology company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly highly specialized filters for the control of soot exhaust particles from diesel engines and for liquid filtration. Using nanotechnology, LiqTech develops products using proprietary silicon carbide technology. LiqTech's products are based on unique silicon carbide membranes which facilitate new applications and improve existing technologies. In particular, Provital Solutions A/S (www.provital.dk/), the Company's subsidiary, has developed a new standard of water filtration technology to meet the ever increasing demand for higher water quality. By incorporating LiqTech's SiC liquid membrane technology with its longstanding systems design experience and capabilities it offers solutions to the most difficult water pollution problem.
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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 our 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.
SOURCE: LiqTech International, Inc.