BALLERUP, Denmark, March 3, 2014 /PRNewswire/ -- LiqTech International, Inc. (NYSE: LIQT) ("LiqTech") announced today that Lasse Andreassen, a Founder of LiqTech International, Inc., has elected to retire and, as a result of his retirement, he will no longer serve as a director of LiqTech.
Finn Helmer, CEO, stated, " Lasse Andreassen has been instrumental in expanding silicon carbide technology and optimizing production to levels that are unparalleled in the industry. His work on developing various membranes has placed LiqTech at the forefront of liquid filtration and he leaves knowing that the production team that he was instrumental in developing can carry on its status as the leader in liquid filtration. We look forward to continuing Lasse's excellent work and bringing LiqTech's disruptive silicon carbide (SiC) membrane technology to even higher levels. We wish Lasse the best as he pursues other interests including the development of his cattle ranch."
Mr. Helmer concluded, "Lasse will continue to be valued resource for LiqTech."
Lasse Andreassen stated, "I am extremely proud of the success that the many talented LiqTech people have accomplished in bringing silicon carbide liquid filtration membranes to fruition. I have no doubt that they will maintain LiqTech's leadership position in the future."The current board of directors consists of Aldo Petersen, Chairman, Mark Vernon and Paul Burgon. 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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