BALLERUP, Denmark, Sept. 20, 2013 /PRNewswire/ -- LiqTech International, Inc. (OTCQX: LIQT) ("LiqTech") is pleased to announce that a major U.S. oil company has ordered a LiqTech SiC membrane installation 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 sees a great potential in our technology for treatment of produced water in upstream Oil & Gas applications, which is confirmed by placing a purchase order for one of our pilot systems installed with LiqTech SiC membrane technology. The customer has indicated a wide application range of interest for SiC membrane solutions in both domestic and overseas O&G markets, where the SiC membranes outperforms conventional technology regarding quality of the treated produced water. The demand is clear and since the customer is one of the 'supermajor' oil companies, we believe successful tests within the discussed applications will be followed up by substantial orders. We are pleased to note this second order for a SiC membrane pilot system placed by an oil company within this quarter," Mr. Helmer finishes. 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 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. 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.