LiqTech Obtains NSF Certification for Pool System Solution in U.S.

Rhea-AI Summary

LiqTech International, Inc. (NASDAQ: LIQT) has obtained NSF certification for its Aqua Solution® swimming pool water filtration systems, enabling the company to market and sell these systems in the U.S. This certification opens up a significant opportunity in the American market, complementing LiqTech's existing 120+ installations across Europe and Asia Pacific.

LiqTech's swimming pool solutions offer superior energy efficiency, water conservation, and reduced chemical consumption compared to traditional media filtration systems. Key benefits include:

• Up to 80% reduction in water usage
• 60% lower energy consumption
• 30% lower chlorine dosing
• One-third the size of conventional systems

The Aqua Solution® integrates a dead-end structural design with advanced membrane technology, providing more cost-efficient filtration performance and higher flow rates at lower pressure compared to traditional sand filters.

Positive

• Obtained NSF certification for swimming pool water filtration systems, enabling entry into the U.S. market
• Demonstrated superior performance with up to 80% reduction in water usage, 60% lower energy consumption, and 30% lower chlorine dosing
• Compact design (one-third the size of conventional systems) allows for easier retrofitting
• Fully automated system with remote monitoring and data gathering capabilities

Negative

• None.

Market Research Analyst

LiqTech's NSF certification for their Aqua Solution® swimming pool filtration systems marks a significant market expansion opportunity in the U.S. With over 120 installations in Europe and Asia Pacific, this certification opens doors to a vast new market. The U.S. commercial pool industry, valued at $3 billion annually, presents a substantial growth potential for LiqTech.

The company's solution offers compelling advantages: 80% reduction in water usage, 60% lower energy consumption and 30% less chlorine use. These benefits align with the industry's shift towards sustainability and digital connectivity. The compact size of LiqTech's system (one-third of conventional systems) makes it attractive for retrofitting existing pools, potentially accelerating adoption.

However, market penetration may face challenges due to established competitors and initial investment costs. The success will largely depend on LiqTech's marketing strategy and ability to demonstrate long-term cost savings to pool operators.

Environmental Technology Expert

LiqTech's Aqua Solution® represents a significant leap in swimming pool filtration technology. The system's ability to reduce water consumption by 80% is particularly noteworthy in regions facing water scarcity. The 60% reduction in energy use aligns with growing demands for energy-efficient solutions in commercial settings.

The system's superior filtration capabilities, with pore sizes three times smaller than traditional sand filters, ensure better water quality. This could potentially reduce health risks associated with pool-borne illnesses. The 30% reduction in chlorine usage is also beneficial, as it minimizes the formation of harmful disinfection by-products.

The compact design and retrofit capability of LiqTech's system address a critical barrier to adoption of new technologies in existing facilities. However, the long-term durability and maintenance requirements of the ceramic filters in commercial pool environments will be important factors to monitor.

Financial Analyst

The NSF certification for LiqTech's Aqua Solution® pool filtration system is a positive development for the company's growth prospects. The U.S. commercial pool market represents a significant revenue opportunity, potentially driving top-line growth in the coming years.

However, investors should note that market penetration and revenue realization may take time. The company will likely need to invest in marketing and sales efforts to establish its presence in the U.S. market, which could impact near-term profitability. The high-end nature of LiqTech's solution may also limit initial adoption to premium segments of the market.

From a financial perspective, the expanded market opportunity could improve LiqTech's revenue diversification and potentially lead to more stable cash flows. The recurring revenue from maintenance and replacement parts could also enhance the company's long-term financial stability. Investors should monitor the pace of U.S. market penetration and any changes in the company's cost structure as it scales operations to meet potential increased demand.

BALLERUP, Denmark, Aug. 13, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a high-tech filtration technology company that manufactures and markets highly specialized filtration products and systems, today announced the receipt of NSF certification for their Aqua Solution® swimming pool water filtration systems. This certification makes it possible for LiqTech to market and sell its swimming pool water filtration systems in the U.S.

"LiqTech has more than 120 swimming pool water filtration system installations across Europe and Asia Pacific. Today's announcement of having obtained NSF certification opens up a huge opportunity for us in the U.S. market," commented Fei Chen, CEO of LiqTech. "Over the past few years, the swimming pool industry has undergone significant technological upgrades with a focus on being more sustainable and with a high degree of digital connectivity. LiqTech's swimming pool solutions are significantly superior in terms of energy efficiency, water usage and chemical consumption. Further, our solutions are fully automated with remoted monitoring and data gathering. We look forward to expanding our pool system solutions to benefit U.S. swimming pool operators and users."

Compared to traditional media filtration systems that are widely used in commercial swimming pools, LiqTech's swimming pool system solution has demonstrated a convincing value proposition according to its customers. LiqTech's swimming pool systems ensure excellent and safe water quality and contribute to a significant reduction in carbon footprint with up to an 80% reduction in water spending, 60% lower energy consumption, and 30% lower chlorine dosing. At the same time, the system is only one-third the size of conventional media filtration system providing for perfect retrofitting without extensive changes necessary to building construction.

The Aqua Solution^® is a LiqTech ceramic filter solution for liquids with suspended solids. LiqTech's Aqua Solution^® integrates a dead-end structural design with cutting-edge membrane technology that is specifically designed for water pre-treatment in reverse osmosis applications, wastewater treatment, and swimming pool and spa water filtration. The dead-end design yields more cost-efficient filtration performance compared to other filtration options. As a comparison, for the same treated water flow, traditional sand filters have pore sizes three times larger than LiqTech's SiC membranes. Moreover, LiqTech's Aqua Solution^® reduces the number of membrane elements, pressure vessels, water consumption for backwash, and energy costs by providing high flow rates at very low pressure.

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 certification did LiqTech (LIQT) receive for its swimming pool filtration systems?

LiqTech (LIQT) received NSF certification for its Aqua Solution® swimming pool water filtration systems, allowing the company to market and sell these systems in the United States.

How many swimming pool water filtration system installations does LiqTech (LIQT) have outside the U.S.?

LiqTech (LIQT) has more than 120 swimming pool water filtration system installations across Europe and Asia Pacific.

What are the key benefits of LiqTech's (LIQT) swimming pool filtration systems compared to traditional systems?

LiqTech's (LIQT) systems offer up to 80% reduction in water usage, 60% lower energy consumption, 30% lower chlorine dosing, and are one-third the size of conventional media filtration systems.

What is the Aqua Solution® by LiqTech (LIQT)?

The Aqua Solution® is LiqTech's ceramic filter solution for liquids with suspended solids, designed for water pre-treatment in reverse osmosis applications, wastewater treatment, and swimming pool and spa water filtration.