BALLERUP, Denmark, Sept. 18, 2013 /PRNewswire/ -- LiqTech International, Inc. (OTCQX: LIQT) ("LiqTech") is pleased to announce that an East-European-based oil company has ordered a containerized (mobile) LiqTech SiC membrane installation. The order represents a value to LiqTech of $300,000 and is expected to be delivered by the end of this year. The end-user placed the order to confirm the properties of the LiqTech SiC membrane technology for various upstream Produced Water applications.
Mr. Finn Helmer, LiqTech CEO, remarked, "The customer's decision to invest in our membrane installation for field evaluation is a strong indicator that they see our SiC membranes as a solution to improve their production setup. Based on our experience, we believe the primary objective of the investigation will be related to re-injection of Produced Water. Conventional technologies can't deliver the required re-injection water quality for certain reservoir formations, but this quality can be achieved with the use of LiqTech membranes. The benefits for the end-user when installing SiC membranes are: increased oil production, extended oil well life time maintaining low reservoir pressure. We believe a successful test could lead to substantial new orders based on our understanding of the oil company's needs."
LiqTech is currently working with more than 50 oil companies, operators and system integrators in Europe, Americas, Middle East, SE Asia and China on SiC membrane projects in phases from initial evaluation to commissioning.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. It also manufactures ceramic silicon carbide kiln furniture. 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. For more information, please visit www.liqtech.com. 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 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.
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