Welcome to our dedicated page for Liqtech Internat news (Ticker: LIQT), a resource for investors and traders seeking the latest updates and insights on Liqtech Internat stock.
LiqTech International, Inc. (LIQT) is a leading innovator in ceramic silicon carbide filtration systems, providing sustainable solutions for global air and water purification challenges. This news hub offers investors and industry professionals centralized access to official corporate developments and market-moving updates.
Find timely information on financial results, technology breakthroughs, and strategic partnerships directly impacting LiqTech's position in clean technology sectors. Our curated feed includes earnings announcements, product launch details, and regulatory filings – essential for understanding the company's progress in diesel emission control and industrial water treatment markets.
Key updates cover ceramic membrane advancements, global project deployments, and sustainability initiatives across LiqTech's core markets: transportation, energy, and municipal infrastructure. Bookmark this page for efficient tracking of how LIQT's nanotechnology-driven solutions address evolving environmental regulations worldwide.
LiqTech International, Inc. (NASDAQ: LIQT) has announced a private placement transaction of up to $10 million with existing institutional investors. The deal includes:
- 3,630,129 shares of common stock
- 1,369,871 pre-funded warrants
- Warrants to purchase up to 5,000,000 shares
The combined purchase price is $2.00 per share and accompanying warrant. The transaction will close in two tranches, with the first tranche to 19.99% of outstanding shares. LiqTech plans to use the proceeds to fund commercial development in the U.S. oil & gas sector, expand efforts in the European and U.S. swimming pool sector, and develop a new initiative in the marine exhaust gas recirculation water treatment segment.
LiqTech International (NASDAQ: LIQT) reported its Q2 2024 financial results, showing a 10% decrease in revenue to $4.5 million compared to Q2 2023. The company's gross profit margin declined to 16.0% from 23.3% in Q2 2023, while net loss increased to $(2.1) million from $(1.6) million. Despite challenges, LiqTech made progress in key markets:
- Received orders for produced water treatment in the U.S.
- Entered MoU with China Haisum Engineering for industrial water treatment
- Signed agreements to expand marine scrubber footprint
- Delivered commercial pilot unit for oil and gas produced water filtration
- Obtained NSF certification for pool systems in the U.S.
The company expects Q3 2024 revenue between $4.0 million and $5.0 million.
LiqTech International, Inc. (NASDAQ: LIQT) has obtained NSF certification for its Aqua Solution® swimming pool water filtration systems, enabling the company to market and sell these systems in the U.S. This certification opens up a significant opportunity in the American market, complementing LiqTech's existing 120+ installations across Europe and Asia Pacific.
LiqTech's swimming pool solutions offer superior energy efficiency, water conservation, and reduced chemical consumption compared to traditional media filtration systems. Key benefits include:
- Up to 80% reduction in water usage
- 60% lower energy consumption
- 30% lower chlorine dosing
- One-third the size of conventional systems
The Aqua Solution® integrates a dead-end structural design with advanced membrane technology, providing more cost-efficient filtration performance and higher flow rates at lower pressure compared to traditional sand filters.
LiqTech International, Inc. (NASDAQ: LIQT) has received an order for a pilot system for produced water treatment in the U.S. from one of the world's leading integrated energy companies. This marks the second significant produced water treatment order in the U.S. for LiqTech in recent months. The pilot system, scheduled for delivery in Q3 2024, will demonstrate LiqTech's silicon carbide ceramic ultrafiltration technology for treating produced water to enable re-injection and beneficial reuse while meeting regulatory requirements.
Earlier this year, LiqTech received its first U.S.-based order for a containerized pilot system from Razorback Direct, which has been running stably for over two months, meeting all requirements. CEO Fei Chen highlighted the growing importance of produced water treatment in the U.S. oil and gas industry to offset freshwater demand and drive sustainability.
LiqTech International (NASDAQ: LIQT) and China Haisum Engineering Co., (Stock Code 002116) have entered a Memorandum of Understanding (MoU) to explore the application of LiqTech's advanced filtration system for industrial water treatment in China. LiqTech's silicon carbide membrane-based ultrafiltration technology has shown promising results in treating challenging industrial water globally. China Haisum, a comprehensive engineering company, will introduce LiqTech's technology to relevant Chinese industries.
Fei Chen, CEO of LiqTech, emphasized China's significance in the industrial water treatment market and the growing importance of environmental protection. Wen Zheng, General Manager of China Haisum's Shanghai Headquarters, expressed commitment to promoting technological innovation and sustainable development in China's light industry sector through this collaboration.
LiqTech International, Inc. (NASDAQ: LIQT) has entered into a partnership agreement with Danbee Marine Co. to market LiqTech's marine scrubber water treatment solutions in South Korea, the world's second-largest shipbuilding market. Danbee Marine, established in 2009, has a strong presence with major ship owners and shipyards in Korea. LiqTech's systems, which outperform IMO Marpol VI discharge limits, have been installed on over 170 large commercial ships since 2017.
The partnership aims to expand LiqTech's presence in the Korean shipbuilding market, leveraging Danbee's extensive network. LiqTech's CEO, Fei Chen, expressed excitement about the opportunity to deliver their advanced solutions to a wider range of ship owners and builders in South Korea, helping them meet regulatory requirements while providing fuel savings and enhanced ROI.
LiqTech International (NASDAQ: LIQT), a high-tech filtration company, has announced its plans to report second quarter 2024 financial results on Wednesday, August 14, 2024, before the market opens. The company will host a conference call the same day at 9:00 a.m. ET to review the results.
Interested parties can access the call by dialing (833) 535-2206 or (412) 902-6741. A live webcast will also be available on the company's Investor Relations website. A teleconference replay will be accessible until August 21, 2024.
LiqTech International, Inc. (NASDAQ: LIQT) has successfully delivered a commercial pilot unit for oil and gas produced water filtration to National Energy Services Reunited Corp. (NESR). The PureFlow® system, delivered in June 2024, will be used in Gulf Cooperation Council Countries to demonstrate LiqTech's silicon carbide ceramic ultrafiltration technology. The pilot aims to treat produced water for re-injection and reuse, meeting current and future regulatory requirements.
CEO Fei Chen emphasized the strategic importance of this pilot in showcasing LiqTech's solution performance with reduced OpEx and guaranteed quality. LiqTech already has a full-scale commercial test unit operating in the Middle East since May 2022, demonstrating over 99% efficiency in delivering clean brine/permeate water for reinjection, exceeding performance requirements with low chemical usage and excellent energy efficiency.
LiqTech International announced its Q1 2024 financial results, showcasing a revenue increase to $4.2M, up 6% from Q1 2023.
The gross profit margin was 6.4%, down from 9.8% in Q1 2023, influenced by lower-margin projects.
Operating expenses decreased by 10% to $2.3M, while the net loss remained steady at $(2.4)M.
Cash on hand was $7.7M as of March 31, 2024.
Key operational achievements include new orders for produced water treatment systems in the U.S. and the Middle East, and strategic partnerships in marine scrubber solutions in China and Greece.
For Q2 2024, LiqTech projects revenue between $5M and $5.5M.
LiqTech International and Franman have entered into a partnership to market LiqTech's marine scrubber water treatment solutions in Greece, the world's largest ship-owning market. Franman, established in 1991, provides a wide range of services and equipment to the shipping industry and has extensive relationships within the Greek and international shipping sectors. LiqTech's compact and efficient water treatment systems exceed IMO Marpol VI regulations by removing pollutants such as unburned fuel oil, soot particles, ash, and heavy metals. Since 2017, LiqTech has installed its systems on over 170 commercial ships, offering significant fuel savings and ROI for ship owners. The partnership aims to leverage Franman's customer relationships and LiqTech's advanced technology to reduce environmental impact from shipping.
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