LiqTech and Danbee Marine Co. Ltd. Enter Agreement for Marine Scrubber Water Treatment Solutions for the South Korean Market
LiqTech International, Inc. (NASDAQ: LIQT) has entered into a partnership agreement with Danbee Marine Co. to market LiqTech's marine scrubber water treatment solutions in South Korea, the world's second-largest shipbuilding market. Danbee Marine, established in 2009, has a strong presence with major ship owners and shipyards in Korea. LiqTech's systems, which outperform IMO Marpol VI discharge limits, have been installed on over 170 large commercial ships since 2017.
The partnership aims to expand LiqTech's presence in the Korean shipbuilding market, leveraging Danbee's extensive network. LiqTech's CEO, Fei Chen, expressed excitement about the opportunity to deliver their advanced solutions to a wider range of ship owners and builders in South Korea, helping them meet regulatory requirements while providing fuel savings and enhanced ROI.
LiqTech International, Inc. (NASDAQ: LIQT) ha stipulato un accordo di partnership con Danbee Marine Co. per commercializzare le soluzioni di trattamento delle acque di lavaggio marino di LiqTech in Corea del Sud, il secondo mercato di cantieristica navale al mondo. Danbee Marine, fondata nel 2009, ha una forte presenza presso i principali armatore e cantieri navali in Corea. I sistemi di LiqTech, che superano i limiti di scarico IMO Marpol VI, sono stati installati su oltre 170 grandi navi commerciali dal 2017.
La partnership mira ad espandere la presenza di LiqTech nel mercato della cantieristica coreana, sfruttando la rete ampia di Danbee. Il CEO di LiqTech, Fei Chen, ha espresso entusiasmo per l'opportunità di offrire le loro soluzioni avanzate a un numero maggiore di armatori e costruttori navali in Corea del Sud, aiutandoli a soddisfare i requisiti normativi mentre forniscono risparmi sui combustibili e un miglior ROI.
LiqTech International, Inc. (NASDAQ: LIQT) ha firmado un acuerdo de asociación con Danbee Marine Co. para comercializar las soluciones de tratamiento de aguas de escorrentía marinas de LiqTech en Corea del Sur, el segundo mercado de construcción naval más grande del mundo. Danbee Marine, establecida en 2009, tiene una fuerte presencia con importantes armadores y astilleros en Corea. Los sistemas de LiqTech, que superan los límites de descarga del IMO Marpol VI, se han instalado en más de 170 grandes barcos comerciales desde 2017.
La asociación tiene como objetivo expandir la presencia de LiqTech en el mercado de construcción naval de Corea, aprovechando la extensa red de Danbee. El CEO de LiqTech, Fei Chen, expresó su entusiasmo por la oportunidad de ofrecer sus soluciones avanzadas a una gama más amplia de armadores y constructores en Corea del Sur, ayudándolos a cumplir con los requisitos regulatorios mientras obtienen ahorros en combustible y un mejor retorno sobre la inversión.
LiqTech International, Inc. (NASDAQ: LIQT)는 한국의 제2위 조선 시장에서 LiqTech의 해양 스크러버 수처리 솔루션을 마케팅하기 위해 Danbee Marine Co.와 파트너십 계약을 체결했습니다. 2009년에 설립된 Danbee Marine은 한국의 주요 선주 및 조선소와 강력한 네트워크를 가지고 있습니다. LiqTech의 시스템은 IMO Marpol VI 배출 한계를 초과하고 있으며, 2017년 이후로 170척 이상의 대형 상선에 설치되었습니다.
이번 파트너십은 Danbee의 광범위한 네트워크를 활용하여 LiqTech의 한국 조선 시장 내 존재감을 확대하는 것을 목표로 합니다. LiqTech의 CEO인 Fei Chen은 한국에서 더 많은 선주 및 조선소에 첨단 솔루션을 제공할 수 있는 기회에 대해 흥분을 표시하며, 이들이 규제 요건을 충족하고 연료 절감과 개선된 투자 수익률을 달성하는 데 도움을 줄 것이라고 밝혔습니다.
LiqTech International, Inc. (NASDAQ: LIQT) a conclu un accord de partenariat avec Danbee Marine Co. pour commercialiser les solutions de traitement des eaux de lavage maritimes de LiqTech en Corée du Sud, le deuxième plus grand marché de la construction navale au monde. Danbee Marine, fondée en 2009, a une forte presence auprès des principaux armateurs et chantiers navals en Corée. Les systèmes de LiqTech, qui dépassent les limites de rejet de l'OMI Marpol VI, ont été installés sur plus de 170 grands navires commerciaux depuis 2017.
Le partenariat vise à étendre la présence de LiqTech sur le marché coréen de la construction navale, en tirant parti du vaste réseau de Danbee. Le PDG de LiqTech, Fei Chen, a exprimé son enthousiasme pour l'opportunité de fournir leurs solutions avancées à un plus large éventail d'armateurs et de chantiers en Corée du Sud, les aidant à répondre aux exigences réglementaires tout en offrant des économies de carburant et un meilleur retour sur investissement.
LiqTech International, Inc. (NASDAQ: LIQT) hat eine Partnerschaftsvereinbarung mit Danbee Marine Co. geschlossen, um LiqTechs Meeres-Entwässerungslösungen in Südkorea, dem zweitgrößten Schiffbau-Markt der Welt, zu vermarkten. Danbee Marine, gegründet im Jahr 2009, hat eine starke Präsenz bei großen Reedern und Werften in Korea. Die Systeme von LiqTech, die die IMO Marpol VI Entsorgungslimits übertreffen, wurden seit 2017 auf über 170 großen Handelsschiffen installiert.
Die Partnerschaft zielt darauf ab, die Präsenz von LiqTech im koreanischen Schiffbaumarkt auszubauen und Danbees umfangreiches Netzwerk zu nutzen. LiqTechs CEO, Fei Chen, äußerte sich begeistert über die Möglichkeit, ihre fortschrittlichen Lösungen einem breiteren Spektrum von Reedern und Bauherren in Südkorea anzubieten, wobei sie helfen, die gesetzlichen Anforderungen zu erfüllen, während sie Einsparungen bei Kraftstoffen und eine verbesserte Rendite erzielen.
- Partnership with Danbee Marine expands LiqTech's presence in South Korea, the world's second-largest shipbuilding market
- LiqTech's marine scrubber water treatment systems outperform IMO Marpol VI discharge limits
- Over 170 successful installations on large commercial ships since 2017
- Systems provide fuel savings and enhanced ROI for ship owners
- None.
This partnership between LiqTech and Danbee Marine marks a significant strategic move in the marine filtration industry. South Korea, being the second-largest shipbuilding market globally, presents a substantial opportunity for LiqTech to expand its market share.
The collaboration leverages Danbee Marine's strong local presence and network, potentially accelerating LiqTech's penetration into this important market. This could lead to increased sales and revenue for LiqTech, particularly given the synergy between Danbee's existing fuel treatment chemicals and LiqTech's water treatment systems.
However, investors should note that while this partnership opens doors, it doesn't guarantee immediate financial impact. The success will depend on factors such as:
- The rate of adoption by Korean shipbuilders and owners
- Competitive landscape in the Korean market
- Regulatory pressures for environmental compliance
Long-term, if successful, this move could significantly boost LiqTech's global market position and financial performance. Investors should monitor future announcements for concrete sales figures or contract wins resulting from this partnership.
LiqTech's marine scrubber water treatment systems represent a critical technology in the shipping industry's efforts to reduce environmental impact. These systems are designed to outperform IMO Marpol VI discharge limits, addressing a key regulatory concern for ship operators worldwide.
The technology's ability to remove unburned fuel oil, soot particles, ash and heavy metals from scrubber wastewater is particularly noteworthy. This not only helps in regulatory compliance but also contributes to broader efforts in reducing marine pollution.
A key selling point is the dual benefit of environmental compliance and fuel savings. This combination of regulatory adherence and economic advantage could drive adoption, especially as environmental regulations tighten globally.
The track record of over 170 installations since 2017 provides credibility to LiqTech's solution. However, potential investors should consider:
- The pace of regulatory changes in maritime environmental standards
- Technological advancements in competing solutions
- The shipping industry's overall transition towards cleaner fuels
This partnership could position LiqTech well in a growing market for environmental technologies in the maritime sector, potentially leading to long-term growth opportunities.
BALLERUP,
Established in 2009, Danbee Marine, has been focused on delivering fuel treatment chemicals to reduce fuel consumption and emissions within the Korean maritime market. Danbee Marine has a strong presence and foothold with major ship owners and shipyards with a deep insight into marine engineering and equipment. The addition of LiqTech's compact and efficient marine scrubber water treatment system offering is a synergistic extension of their existing product offerings.
LiqTech's marine scrubber water treatment system for both closed-loop and hybrid scrubbers outperforms discharge limits regulated by the IMO Marpol VI. LiqTech's solutions remove unburned fuel oil, soot particles, ash, and heavy metals from marine scrubber wastewater and take an active role in reducing world pollution. Since LiqTech's first marine installations in 2017, the Company has successfully installed retrofit and new-build marine scrubber water treatment systems on more than 170 large commercial ships for many of the world's largest global ship owners. Furthermore, ship owners have gained tremendous fuel savings leveraging LiqTech's water treatment units, providing for enhanced ROI.
"We are excited to expand our presence in the Korean ship building market through this partnership agreement with Danbee Marine who has strong network in the
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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
Phillip Massie Price, Interim Chief Financial Officer
LiqTech International, Inc.
Phone: +45 31313993
pmp@liqtech.com
LiqTech Investor Contact
Robert Blum
Lytham Partners, LLC
Phone: 602-889-9700
liqt@lythampartners.com
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