BALLERUP, Denmark, Dec. 21, 2012 /PRNewswire/ -- LiqTech International, Inc. (OTCQX: LIQT) ("LiqTech") announced today that it has entered into an OEM supply agreement for LiqTech's SiC membrane technology with Shanghai Denovo Environment Protection Co., Ltd. China. The OEM agreement includes progressive minimum order quantities for the years 2013-2016 for Denovo to maintain the supply agreement.
Denovo is one of the leading industrial waste water firms in China. The Chinese market, being one of the fastest growing markets for industrial wastewater treatment, has been earmarked as the focus region for Denovo. With increasing stringent discharge limits within the Chinese environmental legislation for water treatment, Denovo will be able to provide solutions to the industrial sectors using its advanced biological treatment systems and LiqTech's advanced SiC membrane technology.
Dr Chen Yegang, Chairman of Denovo, explains, "Through our comprehensive experience and partnership with LiqTech, I believe the collaboration will expand the boundaries in the water treatment industry. We have near-term projects at hand where we will utilize the SiC membrane as a key process component. The LiqTech membrane technology is superior in its field, and will add value for our customers."
CEO of LiqTech International, Mr. Lasse Andreassen, commented, "Denovo is a leading Chinese EPC contractor of wastewater treatment plants, and the company has shown remarkable growth in a strategic market to LiqTech. This agreement with Denovo is a milestone for LiqTech in our efforts to penetrate the Chinese market for water treatment with our SiC membranes."
Denovo and LiqTech have already encountered a strong market demand for water treatment technologies requiring high performance membranes to reduce costs and operate under harsh conditions, which are some of the trademarks of SiC membranes.
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.
ABOUT SHANGHAI DENOVO ENVIRONMENT PROTECTION CO., LTD
Shanghai Denovo Environment Protection Co., Ltd. (JV) is a high technology enterprises, invested by international capital,a council Member of China Association of Environmental and Protection Industry, Shanghai scientific and technology production translation and Innovation Fund implementation company. Its registered capital is RMB 66,800,000. Denovo established in 2003 has prominent venture capitalists such as Legend Investors as its investors.
Denovo is a systematic integrator and turnkey contractor providing whole scheme solution for regeneration and reuse of industrial water resources. Denovo will be dedicated to develop and apply latest international environment and membrane separation technology. Denovo will provide perfect solving scheme and service turnkey contractor project with devotional and professional attitude. For more information, please visit www.denovogroup.com.cn
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.