LiqTech Secures Landmark First Commercial Order for LiqTech PureFlow™ Mobile Units to the Oil & Gas Industry in North America

Rhea-AI Summary

LiqTech International (NASDAQ: LIQT) has secured its first commercial order for LiqTech PureFlow™ mobile units from Razorback Direct in Houston, Texas. These fully automated, containerized units are designed for water treatment in remote energy operations, capable of treating produced water to achieve 1-3 ppm of oil content without pretreatment.

The units feature remote monitoring capabilities, require minimal manpower, and come with a 5-year membrane warranty. Following successful pilot testing earlier this year, the units will be deployed in the North American Region, with delivery expected in Q1 2025. The technology demonstrated superior performance in handling complex water streams and generating lower waste volumes compared to competing technologies.

Positive

• Secured first commercial order for PureFlow™ mobile units in North American energy sector
• Technology demonstrates superior performance with 1-3 ppm oil removal without pretreatment
• Low operational costs due to minimal manpower requirements and 5-year membrane warranty
• Successful pilot testing led to commercial order

Negative

• None.

Insights

Financial Analyst

This landmark order represents a important milestone for LiqTech's market expansion strategy in North America's energy sector. The PureFlow™ mobile units' unique value proposition - achieving 1-3 ppm oil in water without pretreatment and requiring minimal operational oversight - positions the company for strong margin potential. The 5-year membrane warranty and low OpEx costs create an attractive total cost of ownership model that could drive further adoption. While the order size isn't disclosed, the Q1 2025 delivery timeline suggests near-term revenue impact. For a company with a $17.4M market cap, successful execution in the massive North American oil & gas market could be transformative, particularly if this initial commercial deployment leads to follow-on orders.

Environmental Technology Expert

The technological specifications of LiqTech's PureFlow™ system represent a significant advancement in produced water treatment. The ability to achieve 1-3 ppm oil content without pretreatment is remarkably efficient compared to traditional methods. The system's automated operation and remote monitoring capabilities address critical industry pain points, while the weatherized design enabling operation from Alaska to Texas demonstrates robust engineering. The reduced waste volume compared to Dissolved Air Flotation systems provides both environmental and economic benefits. The silicon carbide membrane technology's durability in harsh conditions could be a game-changer for remote oil & gas operations seeking reliable water management solutions.

BALLERUP, Denmark, Dec. 5, 2024 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a leading innovator in specialized filtration technologies, is proud to announce a significant commercial order for LiqTech's PureFlow™ mobile units from Razorback Direct, based in Houston, Texas. This record commercial order represents a pivotal advancement in LiqTech's expansion within the North American energy sector.

Energy operations often face significant challenges in managing water quality due to the highly variable nature of water sources, harsh environmental conditions, and the remote locations of many sites. These factors demand solutions that are both robust and flexible.

The LiqTech PureFlow™ mobile units are purpose-built to address these challenges. Fully containerized and completely automated, the LiqTech PureFlow™ units require no daily manpower, as they are monitored and controlled remotely. Their mobility and compact design make them ideal for deployment in remote areas, while their weatherized construction ensures reliable operation across a wide range of climates—from the freezing temperatures of Alaska to the scorching heat of Texas.

These units are capable of treating raw produced water to achieve an impressive 1–3 ppm of oil in water without requiring any pretreatment, making them a game-changing solution for the energy industry. This capability is particularly valuable when the goal is to reuse the water directly or desalinate it for beneficial reuse, as the filtered water from the mobile units serves as an ideal feed for desalination technologies. Furthermore, the low manpower requirements combined with LiqTech's industry-leading 5-year membrane warranty ensure incredibly low OpEx costs for operators, making these units an efficient and cost-effective solution.

The LiqTech PureFlow™ units in this latest order will be deployed in Northern American Region, following the success of a pilot conducted earlier this year. The client was highly impressed with the pilot unit's performance and reliability in tackling complex water streams, as well as its ability to generate significantly lower waste volumes compared to competing technologies, such as Dissolved Air Flotation systems.

Razorback Direct President & CEO Ray Juman, commented, "We are delighted to expand our collaboration with LiqTech. Their innovative LiqTech PureFlow™ technology has demonstrated tremendous value to our customers by delivering efficient, reliable, and robust solutions for complex water challenges. The results of the pilot exceeded expectations, providing clear evidence of the system's capability to meet the demanding needs of our industry. This order further solidifies our belief in LiqTech's ability to drive meaningful advancements in water management."

Fei Chen, CEO of LiqTech International, added, "This order marks a remarkable milestone for LiqTech as we continue to validate our solutions in the global energy industry. The LiqTech PureFlow™ units are designed to excel in some of the most demanding environments, and this order highlights the growing confidence in our ability to deliver cutting-edge solutions tailored to the unique needs of our customers."

The mobile units are expected to be delivered in first quarter of 2025.

LiqTech's silicon carbide membrane technology provides unmatched durability and performance, making it an excellent choice for industrial applications that demand reliability and efficiency.

For more information about LiqTech's LiqTech PureFlow™ mobile units and other innovative filtration solutions, please visit our product page: LiqTech PureFlow™ Mobile Units.

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 for the most challenging purification applications, and its filters are used to control diesel exhaust soot emissions. Utilizing nanotechnology, LiqTech develops products with its proprietary silicon carbide technology, resulting in a wide range of component membranes, membrane systems, and filters for both microfiltration and ultrafiltration applications. By integrating LiqTech's SiC liquid membrane technology with the company's extensive systems design experience, LiqTech offers unique, modular filtration solutions for the most difficult water purification challenges.

For more information, please visit: www.liqtech.com

Follow LiqTech on LinkedIn: LiqTech International
Follow LiqTech on Twitter: @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, they are inherently subject to known and unknown risks and uncertainties that may cause actual results to differ materially 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 performance.

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

When will LiqTech (LIQT) deliver the PureFlow mobile units to Razorback Direct?

The mobile units are expected to be delivered in the first quarter of 2025.

What is the oil removal performance of LiqTech's (LIQT) PureFlow mobile units?

The units can treat raw produced water to achieve 1-3 ppm of oil in water without requiring any pretreatment.

What warranty does LiqTech (LIQT) offer on PureFlow mobile units' membranes?

LiqTech offers an industry-leading 5-year warranty on the membranes.

Where will the new LiqTech (LIQT) PureFlow mobile units be deployed?

The units will be deployed in the Northern American Region following a successful pilot conducted earlier in 2024.