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AllSurplus Conducts First Sale in China for Global Energy Leader

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Liquidity Services (NASDAQ: LQDT) has partnered with Aaron Industrial Solutions (AIS) to conduct its first sale in China for a global energy leader. The sale features over 60 unused Sumimoto cryogenic aluminum brazed fin heat exchangers available on AllSurplus.com until August 31, 2024. This marks the beginning of a series of sales for the energy company in China.

Hugh Yu, Liquidity Services Managing Director for APAC, emphasized the significance of this partnership and the potential for future sales. The assets include Argon Condensers, Nitrogen Superheaters, and Refined AR Column Condensers, all built to ASME code and National Board registered. Peder Grimstrup, AIS Managing Director, highlighted the commitment to sustainability in the disposal process.

Liquidity Services (NASDAQ: LQDT) ha stretto una collaborazione con Aaron Industrial Solutions (AIS) per effettuare la sua prima vendita in Cina per un leader globale nel settore energetico. La vendita include oltre 60 scambiatori di calore a finitura brasata in alluminio criogenico Sumimoto non utilizzati disponibili su AllSurplus.com fino al 31 agosto 2024. Questo segna l'inizio di una serie di vendite per l'azienda energetica in Cina.

Hugh Yu, Direttore Generale di Liquidity Services per l'APAC, ha sottolineato l'importanza di questa partnership e il potenziale per future vendite. Gli asset comprendono condensatori di argon, super riscaldatori di azoto e condensatori di colonna AR raffinati, tutti costruiti secondo il codice ASME e registrati presso il National Board. Peder Grimstrup, Direttore Generale di AIS, ha evidenziato l'impegno verso la sostenibilità nel processo di smaltimento.

Liquidity Services (NASDAQ: LQDT) se ha asociado con Aaron Industrial Solutions (AIS) para llevar a cabo su primera venta en China para un líder global en energía. La venta incluye más de 60 intercambiadores de calor de aluminio criogénico de Sumimoto sin usar disponibles en AllSurplus.com hasta el 31 de agosto de 2024. Esto marca el comienzo de una serie de ventas para la empresa energética en China.

Hugh Yu, Director Gerente de Liquidity Services para APAC, enfatizó la importancia de esta asociación y el potencial para futuras ventas. Los activos incluyen condensadores de argón, sobrecalentadores de nitrógeno y condensadores de columna AR refinados, todos construidos según el código ASME y registrados en el National Board. Peder Grimstrup, Director Gerente de AIS, destacó el compromiso con la sostenibilidad en el proceso de disposición.

Liquidity Services (NASDAQ: LQDT)는 Aaron Industrial Solutions (AIS)와 협력하여 글로벌 에너지 리더를 위한 중국에서의 첫 판매를 진행합니다. 이번 판매에서는 사용하지 않은 60개 이상의 스미모토 크라이오겐 알루미늄 브레이즈 피니트 열교환기가 AllSurplus.com에서 2024년 8월 31일까지 제공됩니다. 이는 중국에서 에너지 기업의 일련의 판매의 시작을 알립니다.

APAC의 Liquidity Services 관리 이사인 Hugh Yu는 이 파트너십의 중요성과 향후 판매 가능성을 강조했습니다. 자산에는 아르곤 응축기, 질소 과열기 및 정제된 AR 기둥 응축기가 포함되며, 모두 ASME 코드에 따라 제작되고 National Board에 등록되어 있습니다. AIS의 관리 이사인 Peder Grimstrup은 처분 과정에서의 지속 가능성에 대한 약속을 강조했습니다.

Liquidity Services (NASDAQ: LQDT) a établi un partenariat avec Aaron Industrial Solutions (AIS) pour réaliser sa première vente en Chine pour un leader mondial de l'énergie. La vente comprend plus de 60 échangeurs de chaleur en aluminium cryogénique Sumimoto inutilisés disponibles sur AllSurplus.com jusqu'au 31 août 2024. Cela marque le début d'une série de ventes pour l'entreprise énergétique en Chine.

Hugh Yu, directeur général de Liquidity Services pour l'APAC, a souligné l'importance de ce partenariat et le potentiel pour des ventes futures. Les actifs comprennent des condensateurs d'argon, des surchauffeurs d'azote et des condensateurs de colonne AR raffinés, tous construits selon le code ASME et enregistrés auprès du National Board. Peder Grimstrup, directeur général d'AIS, a mis en avant l'engagement envers la durabilité dans le processus d'élimination.

Liquidity Services (NASDAQ: LQDT) hat eine Partnerschaft mit Aaron Industrial Solutions (AIS) geschlossen, um seinen ersten Verkauf in China für einen globalen Energieleader abzuwickeln. Der Verkauf umfasst über 60 ungenutzte Sumimoto Kryogen-Aluminium-Löt-Fin Wärmetauscher, die bis zum 31. August 2024 auf AllSurplus.com verfügbar sind. Dies markiert den Beginn einer Reihe von Verkäufen für das Energieunternehmen in China.

Hugh Yu, Managing Director von Liquidity Services für APAC, betonte die Bedeutung dieser Partnerschaft und das Potenzial für zukünftige Verkäufe. Zu den Vermögenswerten gehören Argon-Kondensatoren, Stickstoff-Überhitzer und raffinierte AR-Säulen-Kondensatoren, die alle nach ASME-Vorschrift gebaut und im National Board registriert sind. Peder Grimstrup, Managing Director von AIS, hob das Engagement für Nachhaltigkeit im Entsorgungsprozess hervor.

Positive
  • Expansion into Chinese market with first sale for global energy leader
  • Partnership with Aaron Industrial Solutions for asset management
  • Sale of high-value, unused Sumimoto assets
  • Potential for future sales from this partnership
Negative
  • None.

More than 60 unused Sumimoto assets are available in Shanghai, China

BETHESDA, Md., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, has partnered with Aaron Industrial Solutions (AIS), a global equipment auction, liquidation, and asset management company, to sell unused assets and equipment on behalf of a global leader in industrial, process, and specialty gases. The sale, which marks the first of a series of sales for the global energy leader in China, contains more than 60 unused Sumimoto cryogenic aluminum brazed fin heat exchangers designed for various services, which are currently available until 4:00 am EDT on August 31, 2024 on AllSurplus.com, the leading online marketplace for surplus business assets.

“It’s an honor to be hosting our first sale with this global energy organization,” said Liquidity Services Managing Director, APAC, Hugh Yu. “We had many detailed discussions before the sale's launch, and we plan to leverage our local and global resources to make this first event a success. This marks the first of many more sales to come from this partnership.”

The online sales contain a mix of high-value, unused Sumimoto assets including Argon Condensers, Nitrogen Superheaters, Refined AR Column Condensers, and more. All available assets are built to American Society of Mechanical Engineers (ASME) code and are National Board registered.

“We are proud to have earned the trust of the equipment owners and to have been appointed to dispose of these surplus assets,” added Aaron Industrial Solutions Managing Director Peder Grimstrup. “We have a responsibility towards society and the environment, and the closure of this project will be carried out under the premise of sustainability.”

To place a bid, buyers must create an account by completing the free registration form at AllSurplus.com.

About AllSurplus
AllSurplus is the world’s leading online marketplace for surplus business assets, ranging from heavy equipment to transportation and industrial machinery. AllSurplus is the smartest, fastest way to sell inventory and equipment as sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. AllSurplus is powered by one of the most experienced and trusted companies in the surplus industry: Liquidity Services (NASDAQ:LQDT), which has supported millions of customers across the globe. AllSurplus buyers have direct access to all the surplus assets across Liquidity Services’ network of marketplaces in one centralized location.

About Aaron Industrial Solutions
Aaron Industrial Solutions (AIS) offers industrial equipment auctions, liquidation sales, and asset management services to businesses needing to liquidate or transfer their surplus assets. With more than 80 years of experience in the buying and selling of industrial assets in all verticals, AIS works with its channel partners to provide onsite and online auction events, liquidations, private treaty sales and other creative ways to maximize and monetize surplus assets.

Contact:
Liquidity Services, Inc.
Public Relations
publicrelations@liquidityservices.com


FAQ

What type of assets is Liquidity Services (LQDT) selling in its first China sale?

Liquidity Services is selling over 60 unused Sumimoto cryogenic aluminum brazed fin heat exchangers, including Argon Condensers, Nitrogen Superheaters, and Refined AR Column Condensers.

When does the AllSurplus.com sale for Liquidity Services (LQDT) end in China?

The sale on AllSurplus.com for the unused Sumimoto assets in China ends at 4:00 am EDT on August 31, 2024.

Who has Liquidity Services (LQDT) partnered with for its first sale in China?

Liquidity Services has partnered with Aaron Industrial Solutions (AIS), a global equipment auction, liquidation, and asset management company, for its first sale in China.

What standards do the assets in Liquidity Services' (LQDT) China sale meet?

The assets in the sale are built to American Society of Mechanical Engineers (ASME) code and are National Board registered.

Liquidity Services, Inc.

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