LiqTech International, Inc. Announced Today That LiqTech Pte Ltd Has Been Awarded The MINT Fund By The Maritime And Port Authority Of Singapore For The Development Of A Robust Ballast Water Treatment System (BWTS)
BALLERUP, Denmark, Nov. 9, 2012 /PRNewswire/ -- LiqTech International, Inc. (OTCQX: LIQT) ("LiqTech") announced today that LiqTech Pte Ltd, a subsidiary of LiqTech International, has been awarded the MINT (Maritime Innovation & Technology) Fund for the development of a Ballast Water Treatment System. LiqTech Pte Ltd based in Singapore will be test-bedding its proprietary Silicon Carbide (SiC) membrane to configure a high efficiency and robust filtration solution for BWTS to meet the standards set by the International Maritime Organization (IMO). General Manager LiqTech Pte, Mr. Kum Leong Lee commented, "We are very pleased with the support and recognition by The Maritime and Port of Authority of Singapore (MPA). We see a great potential for SiC membranes to provide a high filtration performance not seen in the marketplace today. Filtration units based on SiC membranes will deliver optimal operating conditions for any disinfection technology to complete a BWTS." The Maritime and Port of Authority of Singapore (endowed with the MINT Fund provides support in the maritime industry towards education, training and research and development) is providing funding support towards LiqTech's development of a robust BWTS. IMO, under its International Convention for the Control and Management of Ships' Ballast Water and Sediments aims to prevent the spread of harmful aquatic organisms from one region to another, by establishing standards and procedures for the management and control of ships' ballast water and sediments. It is estimated that a total number 60,000 vessels worldwide will require a BWTS. Together with a Singapore engineering firm, LiqTech will commence its development of the BWTS this quarter 2012. 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 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 StatementsThis 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.Contact:DC Consulting, LLC407-792-3333 email@example.com SOURCE LiqTech International, Inc.
Shares of micro-cap clean technology provider LiqTech have more than doubled this year on the strength of its FMC deal, and the company's chairman Aldo Petersen tells Gregg Greenberg more good news is on the way.