LiqTech International Announces the Appointment of Richard Meeusen to its Board of Directors

Rhea-AI Summary

LiqTech International, Inc. (Nasdaq: LIQT) has appointed Richard Meeusen to its Board of Directors, effective immediately. Meeusen brings extensive experience from his previous leadership roles, including 17 years as CEO at Badger Meter. His expertise is expected to aid LiqTech in navigating challenges and opportunities in the marine scrubber market and other applications for silicon carbide membrane systems. CEO Sune Mathiesen expressed optimism about Meeusen's contributions, suggesting a strategic move to enhance the company's growth and innovation in filtration technologies.

Positive

• Appointment of Richard Meeusen, a seasoned executive with relevant industry experience, potentially enhances strategic direction.
• Meeusen's experience in technology growth businesses may provide valuable insights for LiqTech's market expansion.

Negative

• Concerns about potential continuity and experience gaps given Meeusen's new role in a fast-evolving market.

BALLERUP, Denmark, Aug. 26, 2020 /PRNewswire/ -- LiqTech International, Inc. (Nasdaq: LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, is pleased to announce the appointment of Richard Meeusen to its Board of Directors, effective today.

Mr. Meeusen most recently served as President, Chief Executive Officer and Chairman of Badger Meter, Inc., a publicly traded international manufacturer and seller of flow measurement equipment, primarily to the water industry. Mr. Meeusen retired as Chief Executive Officer on December 31, 2018 after serving 17 years as the company's Chief Executive Officer and retired as Chairman on December 31, 2019. Prior to Badger Meter, Mr. Meeusen was Chief Financial Officer of Zenith Sintered Products and before that worked for Arthur Andersen & Co as a Senior Manager. In addition to his board service at Badger Meter, Mr. Meeusen has served as a director of Menasha Corporation, a $2 billion privately-held packaging and display equipment company since 2008.  He also previously served 8 years on the board of Serigraph Corporation, a privately held printing company.  In 2007, Mr. Meeusen founded The Water Council, a 180-member company industry trade group where he still serves as a director.

Sune Mathiesen, CEO of LiqTech, commented, "Rich joins our board at an important time, as LiqTech International addresses challenges and opportunities within its core marine scrubber market and other new markets and applications for the company's silicon carbide membrane systems and filters.  Rich brings meaningful relevant experience in the water industry and in developing technology growth businesses.  We are delighted to have Rich join the board and look forward to his contributions."

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 water 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

Company Contact:                                                                                              
Sune Mathiesen, Chief Executive Officer                                       
LiqTech International         
Phone: +45 5197 0908                                                                                     
sma@liqtech.com

Investor Contact:
Robert Blum
Lytham Partners, LLC
Phone: (602) 889-9700
liqt@lythampartners.com

View original content:http://www.prnewswire.com/news-releases/liqtech-international-announces-the-appointment-of-richard-meeusen-to-its-board-of-directors-301119076.html

SOURCE LiqTech International, Inc.

FAQ

Who is Richard Meeusen and what is his role at LiqTech?

Richard Meeusen has been appointed as a member of the Board of Directors at LiqTech International, Inc.

What experience does Richard Meeusen bring to LiqTech?

Meeusen brings over 17 years of experience as CEO of Badger Meter and has a background in technology growth businesses.

Why is Richard Meeusen's appointment significant for LiqTech?

His extensive experience in the water industry is expected to help LiqTech navigate market challenges and opportunities.

When did Richard Meeusen's appointment to the board take effect?

Richard Meeusen's appointment took effect on August 26, 2020.

What are the expectations for LiqTech following this management change?

The expectation is that Meeusen's leadership will strengthen LiqTech's position in its core markets and technology innovations.