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) announced a new order for a wastewater treatment system tailored for the metal processing industry in Denmark. This system utilizes LiqTech's advanced silicon carbide (SiC) membranes, designed to effectively filter heavy metals and other contaminants found in industrial wastewater. The implementation of this technology is expected to enhance operational efficiency, reduce water usage, and assist clients in meeting stringent environmental regulations. CEO Fei Chen highlighted the significant market potential this represents for the company.
LiqTech International, Inc. (NASDAQ: LIQT) has launched an enhanced Aqua Solution® membrane utilizing proprietary silicon carbide (SiC) technology for the commercial pool and spa filtration market. This membrane features a dead-end structural design that significantly improves filtration efficiency while requiring 65% less space and reducing operational costs. Notable advantages include lower energy consumption, reduced water usage for backwashing, and fewer required membrane elements. CEO Fei Chen emphasized the company's commitment to pursue the commercial pool and spa segment aggressively.
LiqTech International (NASDAQ: LIQT) will report its Q3 2022 financial results on November 10, 2022, before the market opens. A conference call will follow at 9:00 a.m. ET to discuss the results. Interested parties can join the call by dialing (833) 535-2206 or accessing it via a live webcast. A replay will be available until November 17, 2022. LiqTech specializes in ceramic silicon carbide filtration technologies for gas and liquid purification.
LiqTech International, Inc. (NASDAQ: LIQT) has appointed Ms. Janne Pedersen as Vice President of Sales and Mr. Kim Hansen as Managing Director of LiqTech Plastics, enhancing its senior leadership team. These appointments follow the recent CEO transition to Fei Chen. Pedersen brings extensive experience in water treatment and filtration, while Hansen has a strong background in business administration and leadership. Both will commence their roles in November and October 2022, respectively, aiming to advance the company's commercial development in filtration technology.
LiqTech International (NASDAQ: LIQT) announced participation in the Lake Street Capital Markets Best Ideas Growth Conference on September 14, 2022. CEO Fei Chen, interim CEO Alex Buehler, and CFO Simon Stadil will present. The company revealed concerns about $3-$4 million in expected orders due to rising energy costs, supply chain disruptions, and currency fluctuations, which may impact its fiscal 2022 guidance. More details will be provided in the Q3 2022 conference call scheduled for mid-November.
LiqTech International, Inc. (NASDAQ: LIQT) announced the appointment of Fei Chen as President and CEO, effective September 12, 2022, earlier than previously expected. Ms. Chen's extensive experience in general management and product development is anticipated to guide the company toward strategic growth. She will also join the Board of Directors. Current Interim CEO Alexander J. Buehler will resign from this role but continue on the Board. Fei Chen is set to participate in the Lake Street Investor Conference on September 14, 2022.
LiqTech International reported Q2 2022 revenue of $5.0 million, up 25% year-over-year, despite a net loss of $(6.5) million due to $3.8 million in non-recurring costs. Gross margin fell to 3.0% from 8.0% in Q2 2021 due to lower sales of higher-margin products and input cost inflation. The company raised $26.5 million and has a cash balance of $19.7 million. Future guidance was revised down to $20-$25 million for 2022 amidst economic uncertainties. Notable achievements include commissioning systems for the oil & gas and marine scrubber markets.
LiqTech International, Inc. (NASDAQ: LIQT), a clean technology firm, will announce its Q2 2022 financial results on August 11, 2022, before the market opens. A conference call will follow at 9:00 a.m. ET to discuss these results. The company's advanced filtration products utilize proprietary silicon carbide technology for gas and liquid purification. Investors can access the call via phone or a live webcast. A replay will be available until August 18, 2022.
LiqTech International, Inc. (NASDAQ: LIQT) has appointed Fei Chen as President and CEO, effective on or before November 1, 2022. Chen, who has over 20 years of experience in global industrial management, will also join the Board of Directors. She previously held significant roles at Topsoe A/S and Grundfos A/S, focusing on clean energy and water treatment technologies. Interim CEO Alexander Buehler will continue as a Board member. Chen’s appointment is seen as a strategic move towards enhancing LiqTech's growth and innovation in the clean technology sector.
LiqTech International, Inc. (NASDAQ: LIQT) announced the completion of a private placement of $6 million in senior notes and warrants for 4,250,000 shares of common stock. The notes will mature in 24 months without interest, while the warrants have an exercise price of $0.65 per share and a five-year term. Proceeds will be utilized to repay the company's $13.5 million convertible note due in 2023. None of the securities will be registered under the Securities Act, limiting their sale without proper registration or exemptions.