BALLERUP, Denmark, June 16, 2014 /PRNewswire/ -- LiqTech International, Inc. (NYSE MKT: LIQT) ("LiqTech") is pleased to announce that the company received a $275,000 order from a Middle East customer to be delivered this year. The end-user placed the order to confirm the benefits of the LiqTech SiC membrane technology for various upstream produced water applications.
Mr. Finn Helmer, LiqTech CEO, remarked, "LiqTech is actively pursuing opportunities in the field of Produced Water treatment within the Oil & Gas industry. We are currently engaged with many Oil & Gas projects primarily in Europe, the Americas and China – and this order adds to our presence in the Middle East.
The end-user placed the purchase order for one of our pilot systems installed with LiqTech SiC membrane technology in order to test the use of our SiC membranes for various produced water applications. We believe this first order can lead to follow-on sales in 2015.
The general trend we see worldwide is an increasing demand for higher quality re-injection water. We also see tightening discharge legislations, increasing water cuts (more water produced per barrel of oil) and, in addition to that, the introduction of Enhanced Oil Recovery (EOR) techniques. The tightening of produced water specifications is a problem for conventional technologies, however, LiqTech SiC membranes have shown to be able to solve these challenges," Mr. Helmer concluded.LiqTech is currently working with more than 50 oil companies, operators and system integrators in Europe, Americas, Middle East, Southeast Asia and China on SiC membrane projects in various phases from initial evaluation to commissioning. ABOUT LIQTECH INTERNATIONAL, INC. – ( LIQT) 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. For more information, please visit www.liqtech.com. Follow LiqTech on LinkedIn: 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 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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