LiqTech Receives Two Marine Scrubber Water Treatment System Orders
- LiqTech receives order for two marine scrubber water treatment systems in China, validating their commercial strategy and generating strong returns on investments.
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BALLERUP,
Fei Chen, CEO of LiqTech, commented, "We are very pleased to see early signs of revitalization in the marine scrubber market through the receipt of this new order in collaboration with our partners at Joyo. Our dialog with customers and partners has confirmed that LiqTech's modular designed marine scrubber water treatment system is highly reliable and delivers strong returns on their investments. Furthermore, our new generation design reduces OPEX for owners significantly, by largely reducing day to day operational and maintenance costs.
"LiqTech has more than 160 installations in the marine scrubber market, which occurred primarily between 2018 and 2020. This new order not only demonstrates the continuous confidence from the market and customers in LiqTech's solutions, but also validates our enhanced commercial strategy, implemented in late 2022, which focuses on driving revenue in established business verticals where LiqTech has proven technical capabilities and installations. We are pleased with the traction we are achieving on our enhanced strategy and look forward to further traction throughout the remainder of 2023," Chen concluded.
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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 |
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SOURCE LiqTech International, Inc.