LiqTech International, Inc. Receives A USD $2.4M Order For A Water Treatment System From Nakasawa Mining And Energy Limited And A USD $350,000 SiC Membrane System Order For The Removal Of Heavy Metals For A Marine Application

Ballerup, Denmark /PRNewswire/- LiqTech International, Inc. (NYSE MKT: LIQT) ("LiqTech") is pleased to announce that the Company has received a USD $2.4 million purchase order for a system based on the Company's SiC membranes which is  expected to be delivered in the second quarter-2015. This order is part of an enhanced oil recovery (EOR) project and was received from LiqTech's preferred partner, Nakasawa Mining and Energy Limited.  This order represents LiqTech's largest order in the Company's history. 

Mr. Sune Mathiesen, LiqTech CEO, remarked, "We believe this purchase order marks a commercial breakthrough for our products within the oil & gas industry – one of our strategic industries in which we have been proving the benefits of our unique technology for the last four years. LiqTech offers SiC membranes that are unmatched for many oil & gas applications.  This specific application is ideal for LiqTech's membranes due to its more efficient separation of oil and water as compared to conventional separation technologies. We believe the end-user will benefit from improved quality of critical water streams, thus reducing operating costs and increasing oil production.  Our customer is pursuing additional installations for the next two to three years."

"LiqTech is currently working with a large number of oil companies, operators and system integrators, predominantly in Europe and the Americas, on membrane projects in phases from initial evaluation to commissioning.  Based on customer feedback, we believe that certain additional purchase orders are possible in 2015 for completed oil validation projects, despite low oil prices, given the value proposition our solution provides. We will continue to pursue these orders in addition to opportunities outside of the oil industry."

"We have been working on this order for several months and initially we expected to see the order realized in the fourth quarter-2014. Notwithstanding the delay, we are very pleased to receive the order," Mr. Mathiesen concluded.

In addition, LiqTech is pleased to announce that the Company received a USD $350,000 SiC membrane system order from Yara Marine Technologies to be delivered this year. The product solution is based on LiqTech know-how acquired in the on-shore power industry for the treatment of wet scrubber wastewater containing heavy metals. New marine regulations related to reducing sulphur oxide emissions became effective January 2015.  In order to comply with these new regulations, ship owners have to either burn a more expensive low sulphur fuel oil or to clean the exhaust from heavy fuel oil combustion engines. Yara Marine Technologies (previously Green Tech Marine) has many years of experience offering high performance exhaust treatment technologies for the marine industry.

Yara Marine Technologies and LiqTech have agreed to enter a supply agreement for future installations of LiqTech SiC membrane systems for the Yara Marine Technologies exhaust gas cleaning systems.

ABOUT LIQTECH INTERNATIONAL, INC. (NYSE MKT: LIQT)
LiqTech International, Inc., a Nevada corporation, is a clean technology company that develops and supplies proprietary silicon carbide filtration technologies for gas and liquid purification. LiqTech's highly specialized nanotechnology silicon carbide liquid membranes and filters are used primarily for water purification/filtration and for the control of soot exhaust particles from diesel engines.  LiqTech also supplies small-scale, integrated water filtration systems for the swimming pool and large water park market segments through its Provital brand, using its proprietary silicon carbide filter technology and offering customers a new standard for higher water quality. For more information, please visit www.liqtech.com.

ABOUT PROVITAL SOLUTIONS A/S
Provital Solutions A/S is a Danish company headquartered in Hobro, Denmark. Provital has developed the "Provital Filtration System," a new standard of water filtration technology to meet the increasing demand for higher water quality. The employees of Provital are highly experienced within the field of water filtration. Provital's filtration systems are designed for local public swimming pools or large water parks and achieve a higher standard for water treatment technology by incorporating advanced LiqTech silicon carbide liquid filtration membranes that offer significantly higher flux as compared to other filter types. The Provital System focuses on the reduction of water use in back washing and reduced energy consumption, chlorine use, and maintenance expense. For more information, please visit www.provital.dk/.

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Forward-Looking Statements
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