BALLERUP, Denmark and HOUSTON, July 18,
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 it has successfully delivered
a commercial pilot unit for the filtration of oil and gas produced
water to National Energy Services Reunited Corp. (NESR), an
industry-leading provider of integrated energy services in the
Middle East and North Africa.
The containerized "PureFlow®" system was delivered to
NESR in June 2024 and will be used at
customers' sites in the Gulf Cooperation Council Countries (GCC) to
demonstrate and document the efficiency of LiqTech's unique silicon
carbide ceramic ultrafiltration technology in treating produced
water to facilitate re-injection and beneficial reuse and meet
current and future regulatory requirements. Longer term, the
intention is to use the results and operational evidence from this
pilot to design and implement full-scale commercial systems.
Fei Chen, CEO of LiqTech
International, commented, "Water shortage is becoming an
increasingly important topic for industrial applications across the
globe. The oil and gas industry in particular understands how the
ability to effectively treat produced water can play a key role in
terms of overall sustainability, financial success and regulatory
compliance. This pilot unit is of strategic importance to us as it
provides the opportunity to demonstrate and document LiqTech's
PureFlow® solution performance with its reduced OpEx and guaranteed
quality. I am pleased with the progress LiqTech and NESR are making
to expand our proprietary, next-generation water treatment
technology to the Middle East
region."
LiqTech currently has one full-scale commercial test unit for
produced water in operation in the Middle
East region that was deployed in May
2022 by a major oil and gas operator in the Middle East. This system has been successfully
operating for more than two years now with over 99% of the
feedwater passing through it being delivered back as clean
brine/permeate water for reinjection. The quality of the clean
brine/permeate exceeds the performance requirements originally
defined by the end user. Furthermore, the system operates with a
low amount of chemicals and demonstrating excellent energy
efficiency.
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,
modularized 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
About National Energy Services Reunited Corp.
Founded in 2017, NESR is one of the largest national oilfield
services providers in the MENA and Asia Pacific regions.
With over 6,000 employees, representing more than 60 nationalities
in over 15 countries, the Company helps its customers unlock the
full potential of their reservoirs by providing Production Services
such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration,
Completions, Stimulation, Pumping and Nitrogen Services. The
Company also helps its customers to access their reservoirs in a
smarter and faster manner by providing Drilling and Evaluation
Services such as Drilling Downhole Tools, Directional Drilling,
Fishing Tools, Testing Services, Wireline, Slickline, Drilling
Fluids and Rig Services.
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.