LiqTech International, Inc. And Constructora Conconcreto Today Signed An Exclusive Agreement For Colombia And Venezuela
BALLERUP, Denmark, Nov. 5, 2012 /PRNewswire/ -- LiqTech International, Inc. (OTCQX: LIQT) ("LiqTech") announced today that it has entered into a close cooperation agreement with Constructora Conconcreto South America with exclusivity in Colombia and Venezuela following the successful 12-month trial period with LiqTech's ceramic membranes for water filtration in the Oil and Gas industry. The trial period was followed up with a commercial agreement between Conconcreto and Hocol for operation of a SiC membrane installation for produced water treatment, marking the commercial breakthrough for this market.
Constructora Conconcreto SA operates as an engineering and construction company in Colombia and internationally. The multibillion dollar Company's stock trades on the Bogota exchange under the symbol CLB: CO:CONCONCRET. The Company designs, builds, maintains, and operates tunnels, bridges, airports, power plants, roads, interchanges, and mass transit systems. It also builds industrial, commercial, institutional, and housing projects; production plants, electric substations, slipped silos, wharves, warehouses, universities, libraries, entertainment centers, sports venues, hotels, hospitals clinics, and cultural centers. In addition, the company executes civil works and installation of electromechanical equipment in large plants; and provides promotion and planning services for third parties. Conconcreto S.A. is headquartered in Medellin, Colombia.
Conconcreto CEO, Mr. Juan Luis Aristizabal, stated, "LiqTech has a cutting edge technology for a fast growing market for industrial water treatment in our region. LiqTech is dedicated to innovating new environmentally friendly products. Their SiC Membrane is by far the best product in the market and we have high expectations to our success in produced water."
CEO of LiqTech International, Mr. Lasse Andreassen, commented, "Conconcreto is a leading construction company in the region with close ties with large companies in the Oil & Gas and mining industries. Conconcreto has exhibited strong growth for the last decade which makes it uniquely positioned to deploy our technologies in the region. Conconcreto's commitment to preserving the environment fits well with our SiC membranes."
Conconcreto has been actively working to validate the LiqTech ceramic membrane technology for the Oil and Gas industry during the last twelve months and has successfully concluded field trials with Hocol (subsidiary of Ecopetrol) in Colombia.
The field trials included replacing flotation units and walnut shell filters for polishing of Produced Water for re-injection purpose. The performance delivered by the Conconcreto solution for Produced Water treatment exceeded the standards of the Colombian legislation and the expectations of the oil company. The SiC membranes were operated upstream and downstream of a skimmer unit and both operations showed remarkable performance. Typical membrane feed water with oil concentration of 20-100 ppm was consistently treated to less than five ppm oil in water for re-injection purpose (95% of the time below 0.7 ppm oil in water). The production capacity per unit membrane surface area was in the range 200-350 L/m2.h when operating prior to a skimmer unit and even 400-600 L/m2.h when operating downstream of the skimmer unit. More information about the trial can be downloaded from: http://www.liqtech.dk/img/user/file/Final_report_HOCOL_test_LiqTech.pdf.
Conconcreto is currently certifying LiqTech's Silicon Carbide (SiC) membranes with INTEVEP for the oil and gas market in Venezuela.
Besides the Oil and Gas industry, Conconcreto has identified new business opportunities for other water treatment markets. Conconcreto is producing water treatment systems to meet orders received from mining, potable water and industrial wastewater demand.
Conconcreto and LiqTech believe strongly in the potential of this technology and its environmental benefits compared to existing solutions with regards to energy and chemical consumption, reduced footprint and ease of recycling. Both companies expect a fast growing market demand for water treatment technologies especially for LiqTech's environmentally friendly SiC membranes.
About Constructora Conconcreto SA
Constructora Conconcreto S.A. is a construction and investor company oriented to the development of integrated projects offering services from conception and design, implementation, management, structuring, promotion and sales, to operation and maintenance of the property.
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 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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