LiqTech Announces New Order for Marine Scrubber Market
BALLERUP, DENMARK – June 1, 2022 – LiqTech International, Inc. (NASDAQ: LIQT), a clean technology company that manufactures and markets highly specialized filtration products and systems, today announced a new order for the marine scrubber market, leveraging the Company’s proprietary water filtration system technology. The order, which covers two separate marine vessels, is expected to be delivered before the end of 2022.
Alex Buehler, Interim CEO of LiqTech, stated, "We are very pleased to have received this new order, and while it is not material from a revenue perspective, it does represent proof of life in a strategic market after a prolonged malaise. The 2019 spike in shipments of marine scrubber systems to meet IMO 2020 low-sulfur regulation was followed by a persistent slowdown caused first by the global pandemic and then more recently by a frenzied shipping market characterized by elevated volumes and strong pricing that was not conducive to retrofit activity. We are now observing a notable increase in quotation activity for marine scrubber systems, which we believe is reflective of a recovering market and normalizing supply chain. We are optimistic that this important market can regain its momentum.”
ABOUT LIQTECH INTERNATIONAL, INC.
LiqTech International, Inc., a Nevada corporation, is a clean technology company that provides state-of-the-art ceramic silicon carbide filtration technologies for gas and liquid purification. LiqTech’s silicon carbide membranes are designed to be used in the most challenging water purification applications, and its silicon carbide filters are used to control diesel exhaust soot emissions. Using nanotechnology, LiqTech develops products using its proprietary silicon carbide technology, resulting in a wide range of component membranes, membrane systems, and filters for both microfiltration and ultrafiltration applications. By incorporating LiqTech’s SiC liquid membrane technology with the Company´s extensive systems design experience and capabilities, LiqTech offers unique, turnkey solutions for the most difficult water purification applications.
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