LiqTech Receives Supplier Approval Water Treatment System for the WinGD Dual-Fuel Engine
LiqTech International (NASDAQ: LIQT) has received supplier approval for its Water Treatment System (WTS) for WinGD 2-stroke dual-fuel engines. The company's technology enables 80-95% water reuse through its patented silicon carbide ceramic membranes, with over 170 marine systems installed globally.
The approval allows LiqTech to supply systems directly to WinGD, its licensees, and authorized partners. The marine industry's shift toward cleaner fuel applications has created significant opportunities, with approximately 400 new vessels ordered with EGR solutions planned between 2024-2027.
LiqTech currently maintains a market share exceeding 20% in marine scrubbers, including hybrid and closed-loop systems. Their marine water treatment systems have demonstrated superior efficiency and reliability since their introduction seven years ago.
LiqTech International (NASDAQ: LIQT) ha ricevuto l'approvazione come fornitore per il suo Sistema di Trattamento Acque (WTS) per i motori dual-fuel a 2 tempi di WinGD. La tecnologia dell'azienda consente un riutilizzo dell'acqua dell'80-95% tramite le sue membrane ceramiche in carburo di silicio brevettate, con oltre 170 sistemi marini installati a livello globale.
L'approvazione consente a LiqTech di fornire sistemi direttamente a WinGD, ai suoi licenziatari e ai partner autorizzati. Il passaggio dell'industria marittima verso applicazioni a combustibile più pulito ha creato opportunità significative, con circa 400 nuove imbarcazioni ordinate con soluzioni EGR previste tra il 2024 e il 2027.
LiqTech attualmente mantiene una quota di mercato superiore al 20% nei depuratori marini, inclusi sistemi ibridi e a circuito chiuso. I loro sistemi di trattamento delle acque marine hanno dimostrato una superiore efficienza e affidabilità sin dalla loro introduzione sette anni fa.
LiqTech International (NASDAQ: LIQT) ha recibido la aprobación como proveedor para su Sistema de Tratamiento de Agua (WTS) para los motores dual-fuel de 2 tiempos de WinGD. La tecnología de la empresa permite el reutilización de agua del 80-95% a través de sus membranas cerámicas de carburo de silicio patentadas, con más de 170 sistemas marinos instalados a nivel mundial.
La aprobación permite a LiqTech suministrar sistemas directamente a WinGD, sus licenciantes y socios autorizados. El cambio de la industria marina hacia aplicaciones de combustible más limpio ha creado oportunidades significativas, con aproximadamente 400 nuevos barcos pedidos con soluciones EGR previstas entre 2024 y 2027.
LiqTech actualmente mantiene una cuota de mercado superior al 20% en depuradores marinos, incluidos sistemas híbridos y de circuito cerrado. Sus sistemas de tratamiento de agua marina han demostrado una eficiencia y fiabilidad superiores desde su introducción hace siete años.
LiqTech International (NASDAQ: LIQT)는 WinGD의 2행정 듀얼 연료 엔진을 위한 수처리 시스템(WTS)에 대한 공급업체 승인을 받았습니다. 이 회사의 기술은 80-95%의 수자원 재사용을 가능하게 하며, 특허받은 실리콘 카바이드 세라믹 멤브레인을 통해 전 세계적으로 170개 이상의 해양 시스템이 설치되었습니다.
이 승인은 LiqTech가 WinGD, 그 라이센스 보유자 및 권한 있는 파트너에게 직접 시스템을 공급할 수 있게 해줍니다. 해양 산업의 청정 연료 애플리케이션으로의 전환은 상당한 기회를 창출했으며, 2024-2027년 사이에 계획된 EGR 솔루션을 갖춘 약 400척의 신규 선박이 주문되었습니다.
LiqTech는 현재 해양 스크러버에서 20% 이상의 시장 점유율을 유지하고 있으며, 하이브리드 및 폐쇄 루프 시스템을 포함합니다. 그들의 해양 수처리 시스템은 7년 전 도입 이후 뛰어난 효율성과 신뢰성을 입증해왔습니다.
LiqTech International (NASDAQ: LIQT) a reçu l'approbation en tant que fournisseur pour son Système de Traitement d'Eau (WTS) pour les moteurs à double carburant 2 temps de WinGD. La technologie de l'entreprise permet un réutilisation de l'eau de 80-95% grâce à ses membranes céramiques en carbure de silicium brevetées, avec plus de 170 systèmes marins installés dans le monde.
Cette approbation permet à LiqTech de fournir des systèmes directement à WinGD, à ses licenciés et à ses partenaires autorisés. Le passage de l'industrie maritime vers des applications de carburant plus propres a créé des opportunités significatives, avec environ 400 nouveaux navires commandés avec des solutions EGR prévues entre 2024 et 2027.
LiqTech maintient actuellement une part de marché supérieure à 20% dans les épurateurs marins, y compris les systèmes hybrides et en circuit fermé. Leurs systèmes de traitement des eaux marines ont montré une efficacité et une fiabilité supérieures depuis leur introduction il y a sept ans.
LiqTech International (NASDAQ: LIQT) hat die Zulassung als Lieferant für sein Wasserbehandlungssystem (WTS) für die 2-Takt-Dual-Fuel-Motoren von WinGD erhalten. Die Technologie des Unternehmens ermöglicht eine Wasserwiederverwendung von 80-95% durch seine patentierten Keramiken aus Siliziumkarbid, mit über 170 installierten maritimen Systemen weltweit.
Die Genehmigung erlaubt es LiqTech, Systeme direkt an WinGD, seine Lizenznehmer und autorisierten Partner zu liefern. Der Wandel der maritimen Industrie hin zu saubereren Kraftstoffanwendungen hat erhebliche Chancen geschaffen, mit etwa 400 neuen Schiffen, die zwischen 2024 und 2027 mit EGR-Lösungen bestellt wurden.
LiqTech hat derzeit einen Marktanteil von über 20% im Bereich maritimer Scrubber, einschließlich Hybrid- und geschlossenen Systemen. Ihre maritimen Wasserbehandlungssysteme haben seit ihrer Einführung vor sieben Jahren eine überlegene Effizienz und Zuverlässigkeit gezeigt.
- Received supplier approval for WinGD dual-fuel engines
- High water reuse efficiency of 80-95%
- Strong market position with >20% share in marine scrubbers
- Large market opportunity with 400 new vessels ordered (2024-2027)
- Established track record with 170+ marine systems installed globally
- None.
Insights
The supplier approval from WinGD represents a strategic milestone for LiqTech, opening access to one of the marine industry's most influential engine manufacturers. The timing is particularly advantageous as the maritime sector accelerates its decarbonization efforts, with dual-fuel engines becoming the standard for new vessel construction.
The market opportunity is substantial and well-defined: with 400 new vessels ordered with EGR solutions through 2027, and LiqTech's existing 20% market share in marine scrubbers, this positions the company to capture a significant portion of this growing market. The company's silicon carbide membrane technology, achieving 80-95% water reuse efficiency, provides a compelling competitive advantage in terms of operational costs and environmental compliance.
Several key factors enhance the revenue potential of this approval:
- Direct access to WinGD's licensees and service partners, streamlining the sales process
- Modular design enabling post-installation capacity increases, creating additional revenue opportunities
- Established track record with 170+ global installations, reducing adoption barriers
- Recurring revenue potential through maintenance and replacement parts
The approval's strategic value extends beyond immediate sales opportunities. As environmental regulations tighten and shipping companies prioritize efficiency, LiqTech's proven technology and established market presence position it favorably for long-term growth in the marine sector. The modular design approach particularly stands out as it allows for scalable solutions that can adapt to varying vessel sizes and evolving environmental requirements.
BALLERUP,
Headquartered in Winterthur,
LiqTech's innovative and advanced membrane technology is one of the keys to a clean and sustainable shipping industry. This unique technology allows efficient filtration, making the reuse of 80
Fei Chen, CEO of LiqTech International, commented, "I am pleased we have received supplier approval of our innovative water treatment systems for use with the WinGD dual-fuel engines. This approval allows us to seamlessly deliver systems to WinGD, its licensees, and authorized service partners. As one of the market share leaders in marine engines worldwide, we look forward to working with WinGD and their partners to advance the decarbonization of marine transportation."
The marine shipping industry is moving towards cleaner fuel applications, with most new vessels equipped with dual-fuel engines that require reliable water treatment for exhaust gas recirculation (EGR) systems. According to Clarkson Shipping Intelligence and Ship Engine Company's published data, approximately 400 new vessels are on order with EGR solutions planned between 2024 and 2027.
LiqTech holds a market share greater than
About LiqTech International, Inc.
LiqTech International, Inc., a
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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
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