BALLERUP, Denmark and HOUSTON, Feb. 14,
2024 /PRNewswire/ -- LiqTech International,
Inc. (NASDAQ: LIQT), a clean technology company that
manufactures and markets highly specialized filtration products and
systems, and Razorback Direct Oilfield Solutions and Services LLC,
a Houston based company providing
water treatment solutions consultancy for oil & gas water
treatment in the U.S., have entered into a distribution agreement
to commercialize LiqTech's produced water treatment filtration
solution for re-injection and reuse, as well as lithium harvest, in
five different states in the U.S. including Texas, Oklahoma, Louisiana, Ohio, and Pennsylvania.
Leveraging LiqTech's proven ceramic silicon carbide filtration
technologies, the Company's produced water treatment solution
focuses on tertiary water treatment to facilitate re-injection and
reuse and to meet current and future regulatory requirements.
LiqTech's first commercial test unit for produced water deployed in
May 2022 in the Middle East has successfully been operating
for the past two years. The quality of the clean brine (permeate)
exceeds the performance requirements originally defined by the end
user. Furthermore, the system operates with a low amount of
chemicals while demonstrating excellent energy efficiency.
Razorback Direct invests most of its Research and Development
focus on the beneficial reuse and recycling of produced water. The
end goal is the mitigation of OpEx through the deployment of high
efficiency chemistry enabled solutions. The company's core mission
surrounds the responsible management of natural resources,
mitigating waste, and helping oil and gas operators extract the
most value from subsurface produced resources. This agreement with
LiqTech greatly enhances the overall Razorback Direct produced
water treatment offering by bringing highly complementary ceramic
ultrafiltration technology.
Fei Chen, President and CEO of
LiqTech International, commented, "The agreement with Razorback
Direct is a critical development to expand our presence in
North America by showcasing the
benefits of our produced water treatment solution to the oil and
gas industry. Produced water treatment, and the oil and gas
industry in general, are key strategic focus areas for LiqTech,
with water increasingly being recognized as a scarce and valuable
asset that plays a key role both in terms of overall
sustainability, financial success and regulatory compliance. We
strongly believe that LiqTech and Razorback Direct are two
complementary partners. Razorback Direct brings service and
operation forces on the ground in the U.S. and solid expertise in
helping operators in the oil and gas industry streamline their
operations and reduce OpEx costs. Combining this with our proven
silicon carbide ceramic filtration technology can make a
significant impact in helping operators effectively manage water
resources."
Razorback Direct President & CEO Ray
Juman, commented, "Access to LiqTech's novel and highly
efficient membrane filtrations systems will provide oil and gas
operators in the U.S. unprecedented access to reliable, virtually
autonomous produced water cleanup solutions. This technology allows
for rapid and repeatable clean-up of produced water. The solution
is easily scalable and affords end users a tremendous advantage
in OpEx. It is the most environmentally friendly technology
out there today for produced water treatment. We see ready access
to a large and growing market. We are excited to bring this into
our expanding portfolio of capability. The technical engineering
strength and base manufacturing capability of LiqTech provides a
highly complementary fit for the work we do. We are excited to
introduce this to our customers."
ABOUT LIQTECH INTERNATIONAL, INC.
LiqTech International, Inc., a Nevada corporation, is a clean technology
company that provides state-of-the-art ceramic silicon carbide
filtration technologies for gas and liquid purification. LiqTech's
silicon carbide membranes are designed to be used in the most
challenging purification applications, and its silicon carbide
filters are used to control diesel exhaust soot emissions. Using
nanotechnology, LiqTech develops products using its proprietary
silicon carbide technology, resulting in a wide range of component
membranes, membrane systems, and filters for both microfiltration
and ultrafiltration applications. By incorporating LiqTech's SiC
liquid membrane technology with the Company´s extensive systems
design experience and capabilities, LiqTech offers unique, turnkey
solutions for the most difficult water purification
applications.
For more information, please visit: www.liqtech.com
Follow LiqTech on Linkedln:
http://www.linkedin.com/company/liqtech-international
Follow LiqTech on Twitter: https://twitter.com/LiqTech
Forward-Looking Statements
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 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.
LiqTech Company Contact
Fei Chen, Chief Executive
Officer
LiqTech International, Inc.
Phone: +45 24940635
FCH@liqtech.com
LiqTech Investor Contact
Robert Blum
Lytham Partners, LLC
Phone: 602-889-9700
liqt@lythampartners.com
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SOURCE LiqTech International, Inc.