LiqTech and Kailong have amended the Letter of Intent signed in Wuxi, China in August 2016.

BALLERUP, Denmark, October 6, 2016 LiqTech International, Inc. (NYSE MKT: LIQT) announced that due to regulatory issues it has not been possible for Kailong High Technology to meet the September 30, 2016 deadline for an investment in LiqTech.

The parties have therefor agreed to amend the agreement, so that the joint venture is increasing the payment for the technology of producing Silicon Carbide Filters.

LiqTech will now be paid 2 million USD up-front for the technology and a royalty of USD 2.25 per liter of filters sold in the joint venture in 2018 – 2020.
Zang Zhicheng, Chairman of Kailong High Technology, stated, “Kailong is very optimistic about our partnership with LiqTech. We have had very positive responses from our customers. We have recently placed an order of 2.4 million USD and we expect to place significant additional orders in 2017.”

Due to restrictions to meet the September 30th deadline for our investment we have agreed to change our Letter of Intent and pay a higher price to LiqTech for its technology.

We are fully committed to making our Joint Venture a success.” 

Aldo Petersen, Chairman of LiqTech, noted, “When we agreed to our partnership with Kailong, we knew that there could be time restrictions to meet the September 30th deadline.

However, we are very focused on getting our Chinese joint venture started and we agreed to an alternative solution that would ensure that key objective would be attained.”


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. In particular, LiqTech Systems A/S (, the Company's subsidiary, has developed a new standard of water filtration technology to meet the ever increasing demand for higher water quality. By incorporating LiqTech's SiC liquid membrane technology with its longstanding systems design experience and capabilities it offers solutions to the most difficult water pollution problem.

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