BALLERUP, Denmark, Dec. 9, 2013 /PRNewswire/ -- LiqTech International, Inc. (NYSE: LIQT) ("LiqTech") is pleased to announce that LiqTech has been invited to participate in the Institute for Sustainable Process Technology (ISPT) water cluster with the intent to develop a commercial solution to treat oil emulsion challenges found in the upstream Oil & Gas industry. LiqTech was the only membrane supplier selected. The current members of this dedicated cluster are: Gaz de France, Shell, EBN, Frames, Vito, ISPT and LiqTech.
Mr. Finn Helmer, LiqTech's CEO, remarked, "Our selection to this small but distinguished group is confirmation that the Oil & Gas industry is considering LiqTech silicon carbide (SiC) membranes as a possible solution to a difficult existing industry challenge. We are pleased and proud to be selected as the only membrane supplier among several of our known competitors. LiqTech decided to participate in this initiative since it is aimed at developing and commercializing a solution to a general challenge in the industry that represents a significant market potential. The close cooperation with oil companies and system integrators is in alignment with our company strategy."
ABOUT INSTITUTE FOR SUSTAINABLE PROCESS TECHNOLOGY (ISPT)
The Institute for Sustainable Process technology is a co-operation between industry, universities, and knowledge institutions, which aims at speeding up innovation processes and making them more efficient than they are at present.
Apart from developing knowledge, the institute aims at the development, demonstration and application of breakthrough technology with a special focus on process technology. Breakthrough results are valued on their impact on the global process technology envelope – from raw materials to end products. The final result should be a considerable improvement of the competitive position of the participating process industry.
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.