Ballerup, Denmark /PRNewswire/ - LiqTech International, Inc. (NYSE MKT: LIQT) ("LiqTech") is pleased to announce that the company received a $200,000 SiC membrane order from a European customer to be delivered this year. The membranes will be installed at a German power plant to remove heavy metals from a flue gas cleaning process. LiqTech and the end-user have developed a solution around the SiC membranes that reduces the environmental impact from coal and biomass fired power plants.
Mr. Finn Helmer, LiqTech CEO, remarked, "We have developed a solution that reduces the annual load of toxic heavy metals being discharged into our environment. The solution is a great example of the benefits of SiC membranes compared to conventional technologies and competitor membrane products due to SiC membranes unique capability combining high filtration efficiency with extremely robust properties. Besides providing a cleaner environment, the solution represents a very clear business case with significant operating savings due reduced annual discharge costs. We believe this solution will reduce the overall environmental impact from coal fired power plants and we are currently targeting the most immediate markets. We expect to see more orders this year from this application."
"Germany is a leading country in renewable energy and emission controls. Current national regulation related to the discharge of power plant scrubber wastewater stipulates that operators have to apply the best available technology to reduce environmental impact as much as possible. We believe this regulation will be the start of a European initiative to reduce discharge of toxic heavy metals from power plants," Mr. Helmer concluded.
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. For more information, please visit www.liqtech.com.
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 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.Copyright 2014 PR Newswire. All Rights Reserved