LiqTech Enters MoU with China Haisum Engineering Co. Ltd. for Industrial Water Treatment Applications in China
LiqTech International (NASDAQ: LIQT) and China Haisum Engineering Co., (Stock Code 002116) have entered a Memorandum of Understanding (MoU) to explore the application of LiqTech's advanced filtration system for industrial water treatment in China. LiqTech's silicon carbide membrane-based ultrafiltration technology has shown promising results in treating challenging industrial water globally. China Haisum, a comprehensive engineering company, will introduce LiqTech's technology to relevant Chinese industries.
Fei Chen, CEO of LiqTech, emphasized China's significance in the industrial water treatment market and the growing importance of environmental protection. Wen Zheng, General Manager of China Haisum's Shanghai Headquarters, expressed commitment to promoting technological innovation and sustainable development in China's light industry sector through this collaboration.
LiqTech International (NASDAQ: LIQT) e China Haisum Engineering Co., (Codice Azionario 002116) hanno firmato un Memorandum of Understanding (MoU) per esplorare l'applicazione del sistema di filtrazione avanzata di LiqTech per il trattamento delle acque industriali in Cina. La tecnologia di ultrafiltrazione a membrana di carburo di silicio di LiqTech ha mostrato risultati promettenti nel trattamento delle acque industriali in tutto il mondo. China Haisum, una società di ingegneria completa, presenterà la tecnologia di LiqTech alle industrie cinesi pertinenti.
Fei Chen, CEO di LiqTech, ha sottolineato l'importanza della Cina nel mercato del trattamento delle acque industriali e l'importanza crescente della protezione ambientale. Wen Zheng, Direttore Generale della sede centrale di Shanghai di China Haisum, ha espresso impegno a promuovere l'innovazione tecnologica e lo sviluppo sostenibile nel settore dell'industria leggera cinese attraverso questa collaborazione.
LiqTech International (NASDAQ: LIQT) y China Haisum Engineering Co., (Código de acciones 002116) han firmado un Memorando de Entendimiento (MoU) para explorar la aplicación del sistema de filtración avanzada de LiqTech para el tratamiento de aguas industriales en China. La tecnología de ultrafiltración basada en membranas de carburo de silicio de LiqTech ha mostrado resultados prometedores en el tratamiento de aguas industriales desafiantes en todo el mundo. China Haisum, una empresa de ingeniería integral, introducirá la tecnología de LiqTech a las industrias chinas relevantes.
Fei Chen, CEO de LiqTech, enfatizó la importancia de China en el mercado del tratamiento de aguas industriales y la creciente relevancia de la protección ambiental. Wen Zheng, Gerente General de la sede de China Haisum en Shanghái, expresó su compromiso de promover la innovación tecnológica y el desarrollo sostenible en el sector de la industria ligera de China a través de esta colaboración.
LiqTech International (NASDAQ: LIQT)와 China Haisum Engineering Co., (주식 코드 002116)는 중국에서의 산업용 수처리를 위한 LiqTech의 고급 필터링 시스템 적용을 탐색하기 위한 양해각서(MoU)를 체결했습니다. LiqTech의 실리콘 카바이드 막 기반 초여과 기술은 전 세계에서 어려운 산업용 수처리에 대해 유망한 결과를 보여주었습니다. 중국 Haisum은 LiqTech의 기술을 관련 중국 산업에 도입할 것입니다.
LiqTech의 CEO인 Fei Chen은 산업용 수처리 시장에서 중국의 중요성과 환경 보호의 중요성이 커지고 있음을 강조했습니다. China Haisum 상하이 본사의 총괄 매니저인 Wen Zheng은 이 협력을 통해 중국 경공업 부문에서 기술 혁신과 지속 가능한 발전을 촉진하겠다는 의지를 표명했습니다.
LiqTech International (NASDAQ: LIQT) et China Haisum Engineering Co., (Code Boursier 002116) ont signé un Mémorandum d'Entente (MoU) pour explorer l'application du système de filtration avancée de LiqTech pour le traitement des eaux industrielles en Chine. La technologie d'ultrafiltration à membrane en carbure de silicium de LiqTech a montré des résultats prometteurs dans le traitement des eaux industrielles difficiles à travers le monde. China Haisum, une entreprise d'ingénierie complète, introduira la technologie de LiqTech auprès des industries chinoises pertinentes.
Fei Chen, PDG de LiqTech, a souligné l'importance de la Chine sur le marché du traitement des eaux industrielles et l'importance croissante de la protection de l'environnement. Wen Zheng, directeur général du siège de China Haisum à Shanghai, a exprimé son engagement à promouvoir l'innovation technologique et le développement durable dans le secteur de l'industrie légère en Chine grâce à cette collaboration.
LiqTech International (NASDAQ: LIQT) und China Haisum Engineering Co. (Börsencode 002116) haben ein Memorandum of Understanding (MoU) unterzeichnet, um die Anwendung von LiqTechs fortschrittlichem Filtersystem zur industriellen Wasserbehandlung in China zu erkunden. Die ultrafiltrationstechnologie auf Basis von Siliziumkarbid hat weltweit vielversprechende Ergebnisse bei der Behandlung herausfordernder industrieller Abwässer gezeigt. China Haisum, ein umfassendes Ingenieurunternehmen, wird die Technologie von LiqTech in relevanten chinesischen Industrien einführen.
Fei Chen, CEO von LiqTech, betonte die Bedeutung Chinas im Markt für industrielle Wasserbehandlung und die wachsende Bedeutung des Umweltschutzes. Wen Zheng, Geschäftsführer der Shanghai-Zentrale von China Haisum, erklärte das Engagement, technologische Innovationen und nachhaltige Entwicklung im Bereich der chinesischen Leichtindustrie durch diese Zusammenarbeit voranzutreiben.
- Potential expansion into the significant Chinese industrial water treatment market
- Partnership with a major Chinese engineering company for technology distribution
- Alignment with China's growing focus on environmental protection and sustainability
- None.
Insights
The MoU between LiqTech and China Haisum Engineering marks a potentially significant step for LiqTech's expansion into the Chinese industrial water treatment market. However, it's important to note that this is still in the exploratory phase and not a binding agreement.
China's industrial water treatment market presents a substantial opportunity, driven by increasing environmental regulations and a growing focus on sustainability. The Chinese government's emphasis on environmental protection could act as a catalyst for adopting advanced filtration technologies like LiqTech's silicon carbide membrane systems.
China Haisum's diverse portfolio and status as a listed company (Stock Code 002116) provide LiqTech with a well-established partner to navigate the complex Chinese market. This partnership could potentially accelerate LiqTech's market penetration, leveraging China Haisum's existing relationships across various industries.
However, investors should be cautious. The Chinese market, while lucrative, is notoriously challenging for foreign companies due to regulatory complexities and local competition. LiqTech will need to demonstrate that its technology offers significant advantages over existing solutions to gain traction.
Furthermore, the financial impact of this MoU is yet to be determined. It's essential to monitor for any follow-up announcements regarding concrete projects or orders resulting from this partnership. The true value of this agreement will only become apparent if it translates into tangible business opportunities for LiqTech in the coming months or years.
LiqTech's silicon carbide membrane-based ultrafiltration technology represents a promising solution for China's industrial water treatment challenges. The technology's ability to handle "challenged industrial water" suggests it may be particularly well-suited for industries with complex effluent profiles, such as textiles, chemicals and heavy manufacturing - all sectors where China Haisum has a presence.
The potential environmental impact is significant. Improved industrial water treatment can reduce water pollution, a critical issue in China and potentially allow for greater water reuse in industrial processes. This aligns well with China's increasing focus on environmental protection and sustainability, as mentioned in the MoU announcement.
However, the success of this technology in the Chinese market will depend on several factors:
- Cost-effectiveness compared to existing solutions
- Adaptability to specific industrial processes in China
- Compliance with local regulations and standards
- Ease of integration into existing industrial facilities
It's worth noting that while LiqTech's technology has "demonstrated convincing results" globally, its performance in the specific context of Chinese industries remains to be seen. The partnership with China Haisum could provide valuable insights into local requirements and help tailor the technology for the Chinese market.
From an environmental perspective, this partnership has the potential to contribute to China's water conservation efforts and reduce industrial pollution, aligning with the country's broader environmental goals. However, the actual environmental impact will depend on the scale of adoption and the specific applications developed through this collaboration.
BALLERUP,
China Haisum Engineering Co., Ltd. (Stock Code 002116) was established and wholly reformed upon Shanghai Design Institute of Light Industry of
Fei Chen, CEO of LiqTech International, commented, "
Wen Zheng, General Manager of China Haisum Engineering Co., Ltd. Shanghai Headquarters, commented, "China Haisum adheres to the core values of 'responsibility, innovation, green, professionalism and inclusiveness', and the mission of 'contributing to a better life with smart engineering.' We are committed to promoting technological innovation and sustainable development, such as LiqTech's advanced silicon carbide membrane products and filtration technology, in the field of light industry in
ABOUT LIQTECH INTERNATIONAL, INC.
LiqTech International, Inc., a
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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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