LiqTech Enters MoU with Nanjing Wondux in China

Rhea-AI Summary

LiqTech International, Inc. (NASDAQ: LIQT) and Nanjing Wondux Environmental Protection Technology Corp, Ltd. have signed a memorandum of understanding to explore the application of LiqTech's advanced filtration system in industrial water treatment in China. This collaboration aims to leverage LiqTech's expertise in silicon carbide membrane-based ultrafiltration technology and Wondux's strong market position in China's environmental waste and water treatment sector.

Positive

• LiqTech is strategically targeting the significant market for industrial water treatment in China, aligning with the country's increasing focus on environmental and sustainability issues. The partnership with Wondux, a listed company on the Science and Technology Innovation Board of the Shanghai Stock Exchange, provides LiqTech with a strong market reach and access to Wondux's extensive customer base and reputation in environmental technology.

Negative

• None.

BALLERUP, Denmark and NANJING, Aug. 3, 2023 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a clean technology company that manufactures and markets highly specialized filtration products and systems, and Nanjing Wondux Environmental Protection Technology Corp, Ltd. (Nanjing Wondux) have entered into a memorandum of understanding (MoU) to explore the application of LiqTech's advanced filtration system to industrial water treatment in China. Nanjing Wondux was established in 2007 and is a listed company on the Science and Technology Innovation Board of the Shanghai Stock Exchange under the stock code: 688178.

Nanjing Wondux is an expert in intelligent environmental governance and resource utilization with a focus on garbage pollution control, zero discharge of industrial wastewater, recycling of waste salt, extraction of new energy materials, etc., and provides customers with advanced environmental technology equipment, system integration and overall solutions to environmental problems. Wondux has extended customer groups across China and a good reputation in environmental waste and water treatment area.

Fei Chen, CEO of LiqTech International, commented, "China is a significant market for industrial water treatment. Environmental and sustainability is coming higher and higher up at the agenda of 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 in many countries. By entering this MoU, LiqTech will get a market reach through Wondux's strong market position in China."

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. 

 

Company Contact:	Investor Contact:
Simon Stadil, Chief Financial Officer	Robert Blum
LiqTech International	Lytham Partners, LLC
Phone: +45 3140 9128	Phone: (602) 889-9700
sst@liqtech.com	liqt@lythampartners.com

 

 

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SOURCE LiqTech International, Inc.

FAQ

What is the memorandum of understanding between LiqTech International and Nanjing Wondux about?

The memorandum of understanding aims to explore the application of LiqTech's advanced filtration system in industrial water treatment in China, leveraging Wondux's expertise in environmental waste and water treatment.

Who is Nanjing Wondux?

Nanjing Wondux Environmental Protection Technology Corp, Ltd. is a listed company on the Science and Technology Innovation Board of the Shanghai Stock Exchange, specializing in intelligent environmental governance and resource utilization.

What technology does LiqTech specialize in?

LiqTech specializes in silicon carbide membrane-based ultrafiltration technology for industrial water treatment and industrial processes.

Why is China a significant market for LiqTech?

China's increasing focus on environmental and sustainability issues makes it a significant market for LiqTech's advanced filtration technology.

How does the collaboration benefit LiqTech?

The collaboration with Wondux provides LiqTech with a strong market reach and access to Wondux's extensive customer base and reputation in environmental technology in China.