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. (Nasdaq: LIQT) is a clean technology and high-tech filtration company that regularly issues news about its ceramic silicon carbide membrane and filtration activities. Its updates highlight developments across water treatment systems, marine applications, commercial swimming pool filtration, industrial wastewater projects, and its Ceramics and Plastics segments.
Investors and observers following LIQT news can read about record commercial pool filtration sales based on the QlariFlow™ platform, orders for advanced membrane-based systems to treat oily wastewater, and progress in the Water for Energy segment focused on produced water recycling and complex industrial wastewater. The company also reports on pilot units for applications such as lithium brine production pretreatment and oil and gas water treatment.
LiqTech’s news flow includes announcements related to its marine water treatment activities, including its joint venture in China, Nantong JiTRI LiqTech Green Energy Technology Co., Ltd., and Jitri LiqTech. These items cover marine scrubber systems, dual-fuel engine water treatment solutions, and the construction of a marine-focused R&D test center and localization facility in Haimen, Nantong, as well as a regional spare parts warehouse.
Regular press releases also provide quarterly financial results, commentary on revenue trends in water systems, ceramics, plastics, and DPFs, and information on geographic initiatives such as the establishment of a service center in Texas in partnership with Halldor Systems. For users tracking LIQT, the news page offers a centralized view of operational milestones, segment performance, joint venture developments, and other corporate announcements over time.
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.
LiqTech International, Inc. (NASDAQ: LIQT) will announce its first quarter 2024 financial results on May 14, 2024. The company specializes in manufacturing filtration products and systems. A conference call to discuss the results will be held on the same day at 9:00 a.m. ET.
LiqTech International, Inc. (NASDAQ: LIQT) has entered into a partnership agreement with Dan Marine Group (DMG) to expand its presence in the Chinese market for marine water treatment solutions. This partnership aims to provide solutions for marine scrubber water treatment and new exhaust gas recirculation systems for dual fuel vessels. LiqTech's advanced filtration products have been successful in reducing pollution and fuel consumption in the marine industry.
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