LiqTech Enters MoU with China Haisum Engineering Co. Ltd. for Industrial Water Treatment Applications in China

Rhea-AI Summary

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.

Positive

• 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

Negative

• None.

Market Research Analyst

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.

Environmental Technology Expert

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, Denmark and SHANGHAI, China, Aug. 1, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a high-tech filtration company that manufactures and markets highly specialized filtration products and systems, and China Haisum Engineering Co., Ltd., a one-stop intelligent engineering service company, have entered a Memorandum of Understand ("MoU") to explore the application of LiqTech's advanced filtration system for the challenged industrial water treatment in China.

China Haisum Engineering Co., Ltd. (Stock Code 002116) was established and wholly reformed upon Shanghai Design Institute of Light Industry of China in December 2002 which belonged to Ministry of Light Industry. As the first comprehensive engineering listed company in China which provides professional engineering service, China Haisum is mainly engaged in engineering EPC, engineering design, consultation, and supervision. China Haisum's business scope varies from light and textile, trade and commissariat, agriculture and forestry, machinery, municipal public utility, and architecture, etc.

Fei Chen, CEO of LiqTech International, commented, "China is a significant market for industrial water treatment. Environmental protection and sustainability are of increasing importance to the government and enterprises in China. LiqTech's silicon carbide membrane-based ultrafiltration technology has demonstrated convincing results for the treatment of challenged industrial water and industrial processes around the world. By entering this MoU, China Haisum will be able to bring LiqTech advanced membrane filtration technology into the relevant Chinese industries where they provide intelligent services."

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 China. We are looking forward to this cooperation as China Haisum will join hands with LiqTech to jointly explore and promote the application of this advanced technology in more fields to achieve win-win development."

ABOUT LIQTECH INTERNATIONAL, INC.

LiqTech International, Inc., a Nevada corporation, is a high-tech filtration 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, modular designed filtration 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                                                     
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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SOURCE LiqTech International, Inc.

FAQ

What is the purpose of the MoU between LiqTech (LIQT) and China Haisum Engineering?

The MoU aims to explore the application of LiqTech's advanced filtration system for industrial water treatment in China, leveraging China Haisum's market presence to introduce LiqTech's technology to relevant Chinese industries.

What technology does LiqTech (LIQT) offer for industrial water treatment?

LiqTech offers silicon carbide membrane-based ultrafiltration technology that has demonstrated convincing results for the treatment of challenged industrial water and industrial processes worldwide.

How might this MoU impact LiqTech's (LIQT) market presence in China?

The MoU could potentially expand LiqTech's presence in the significant Chinese industrial water treatment market, aligning with the country's increasing focus on environmental protection and sustainability.

What is China Haisum Engineering's role in the partnership with LiqTech (LIQT)?

China Haisum Engineering will work to bring LiqTech's advanced membrane filtration technology into relevant Chinese industries where they provide intelligent services, promoting technological innovation and sustainable development in China's light industry sector.