LiqTech International, Inc. Announces Follow On Purchase Order In China - Third order placed this year for agriculture wastewater applications -
BALLERUP, Denmark, Sept. 13, 2013 /PRNewswire/ -- LiqTech International, Inc. (OTCQX: LIQT) ("LiqTech") is pleased to announce that it has received an additional purchase order from RIPE (Huzhou), a Chinese membrane system integrator. The purchase order was the third placed by RIPE in 2013 – significant order sizes of 256 sq. meters, 256 sq. meters and latest 480 sq. meters of membrane product. The three membrane systems ordered were for the same end-user (one of the largest dairy producers in the world) to treat agriculture wastewater.
RIPE, a Chinese engineering firm located in Huzhou, has been developing SiC membrane solutions for Oil & Gas and industrial applications in China since 2011.
Mr Guanghui Li, Managing Director of RIPE remarked, "Our company has been working closely with LiqTech to develop membrane solutions, and 2013 seems to be the year for the commercial breakthrough. RIPE offers a unique membrane solution for the end-user to treat challenging wastewater, due to our system design in combination with the robustness and high performance of LiqTech SiC membranes. We are very happy with LiqTech's efforts and expect to place more orders this year."
Mr. Finn Helmer, LiqTech CEO, remarked, "RIPE has successfully solved a general wastewater problem for the dairy industry and the potential reaches globally. We are pleased to have our SiC membranes accepted in a new market, and we expect more revenue from this application in 2013. In addition, the third order represents a milestone to our company – at 60 pieces of our industrial scale membrane elements it is the biggest order for a single installation."
Mr. Helmer added, "China's demand for dairy products has grown at a fast pace in the past decade. In the next five years, both production and demand will continue to grow. The increasing production will generate more wastewater to be treated and require membrane technology to re-use the wastewater in areas with water shortages. LiqTech offers membrane products with superior performance to address both demands, and follow-up orders like this third order we announced today shows the potential for additional orders within the same 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. 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.
SOURCE LiqTech International, Inc.