+35 SYSTEMS EXPECTED TO BE DELIVERED IN 2018 AND 2019
BALLERUP, Denmark, April 11, 2018 - LiqTech International, Inc. (NYSE AMERICAN: LIQT) ("LiqTech") is pleased to announce that the Company has signed another framework agreement with a large marine scrubber manufacturer. The framework agreement has an initial term for 2018 and 2019 and provides that a minimum of 35 systems are estimated to be delivered during the initial term. The first 14 systems to be purchased under the framework agreement have already been identified.
Mr. Sune Mathiesen, LiqTech CEO, remarked, "We are very pleased to sign this new framework agreement. Three weeks ago we announced a framework agreement for an expected more than 95 systems in 2018 and 2019, and now we have the pleasure of announcing this new agreement for an expected more than 35 systems in 2018 and 2019."
"Our standardized marine scrubber wastewater treatment systems offers significant advantages in terms of foot-print, discharge quality, Capex saving and Opex savings. We have been working in this industry for almost four years now, and our technology has proven well suited for this challenging application."
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. 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, Provital Solutions A/S (www.provital.dk), 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.
For more information, please visit www.liqtech.com
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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 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.
Aldo Petersen, Chairman,
+45 2390 0000, email@example.com
Sune Mathiesen, CEO
+45 5197 0908, firstname.lastname@example.org