LiqTech International, Inc. Announces A New Product To Its Portfolio, SiC Membrane Discs
BALLERUP, Denmark, Feb. 21, 2013 /PRNewswire/ -- LiqTech International, Inc. (OTCQX: LIQT) ("LiqTech") is pleased to announce the newest product to the Company's portfolio, SiC membrane discs.
The membrane disc system is based on a principle of creating cross-flow by rotating the membrane as an alternative to pumping the liquid across the membrane in the traditional tubular setup. Energy consumption is only 17% compared to regular cross-flow.
The membrane disc system can handle liquids with high solid content and will therefore be used in applications such as wastewater treatment, manure concentration and pharmaceuticals. The application is also suitable in algae dewatering before final extraction of Omega 3 and other high-value content for production of feed or bio ethanol. These applications are growing markets, and all face a continuous challenge in finding energy-effective treatment solutions. LiqTech believes that its SiC membrane discs will set the standard for requirements in future system design, due to higher flux and better chemical resistance at a comparable price to other solutions. The market for membrane discs has strong potential alongside LiqTech's other tubular and flat sheet membranes.
The product was developed with funding from the Danish foundation for Green Development and Demonstration Program (GUDP – Groen udvikling og demonstrations program). The foundation has partially funded the development of the SiC membrane discs for concentration of manure, however, LiqTech retains full ownership of the intellectual property. Concentration of manure will enhance the production of biogas compared to gasification on raw manure, and will limit the CO2 emission from transportation of the untreated manure prior to the gasification.
The membrane disc product will be marketed through a strategic partnership with an experienced system integrator. The system integrator has a long history in designing membrane disc equipment and believes that LiqTech SiC discs can reduce the system cost, efficiency and footprint, which are the key parameters in most filtration applications.
The total market size for sludge treatment is estimated to reach US $5.8 billion in 2013, growing at a compound annual growth rate of 4.6%. The membrane technology portion of this market is approximately 5% of the total market, or approximately $290 million.
In addition to the above, the IFIF (International Feed Industry Federation) states that the feed production market reached 873 million metric tons in 2012, representing a market worth US$ 350 billion. It is further estimated that membranes could account for $350-$700 million of the total market.
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. It also manufactures ceramic silicon carbide kiln furniture. 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.
DC Consulting, LLC
SOURCE LiqTech International, Inc.
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