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. reports news on its clean-technology filtration business, including ceramic silicon carbide membranes, membrane-based liquid filtration systems, diesel particulate filters and plastic components. Company updates commonly address QlariFlow™ commercial pool filtration systems, system orders, regional partnerships and deployments for public, institutional and commercial aquatic facilities.
Recurring announcements also cover quarterly and annual results, revenue trends in systems and aftermarket activity, cash and profitability measures, and governance changes such as board appointments. The company's releases connect its filtration platforms to end markets that require water treatment, emissions control and specialized industrial components.
LiqTech International (NASDAQ: LIQT) has announced a distribution agreement with Singapore-based Liquinex to supply its silicon carbide ceramic membranes for water treatment solutions. This partnership aims to enhance operational efficiencies in addressing water scarcity and climate change in Southeast Asia. Liquinex, with expertise in advanced water and wastewater treatment technologies, has previously utilized LiqTech's membranes in various applications including industrial water recycling and humanitarian efforts. LiqTech's CEO highlighted the strengthened collaboration as a move toward innovative water solutions.
LiqTech International has announced a cooperation agreement with Ecolotron Wastewater Solutions for a unique solution to purify crude phosphoric acid. This collaboration integrates Ecolotron's E-FLOC technology and LiqTech's silicon carbide ceramic ultrafiltration system, aiming to enhance the production process. They have filed a joint patent application for this combined technology. According to CEO Fei Chen, the solution will improve efficiency and product quality in the phosphoric acid industry, building on positive results from their first commercial test unit in the USA.
LiqTech International, Inc. (NASDAQ: LIQT) has announced a $0.5 million order for a filtration system to recover monoethylene glycol (MEG) in the oil and gas industry. This order, part of an offshore project for a U.S. oil major in Europe, marks the first system order for the customer, with additional installations anticipated in 2023. The system will utilize LiqTech's advanced silicon carbide (SiC) membrane technology, which has shown superior performance in MEG regeneration. The delivery of the system is expected in 2023, contributing to enhanced ESG practices.
LiqTech International (NASDAQ: LIQT) and National Energy Services Reunited Corp. (NASDAQ: NESR) have signed a distribution agreement for LiqTech's produced water treatment filtration solution, targeting fifteen countries in MENA and Southeast Asia. LiqTech’s filtration technology aims at re-injecting clean brine, meeting regulatory standards. Their commercial test unit has successfully treated over 99% of feedwater, surpassing quality benchmarks. NESR will leverage its industry relationships to integrate this advanced technology into its water treatment services, enhancing their ESG Impact segment.
LiqTech International, Inc. (NASDAQ: LIQT) reported Q3 2022 revenue of $3.3 million, down 20% from Q3 2021. The company's net loss narrowed to $(1.8) million from $(2.9) million year-over-year. Operating expenses decreased to $2.4 million, a 19% decline from the prior quarter. The company maintained a strong cash balance of $17.6 million. Subsequent highlights include successful system deployments in the oil and gas sector and the launch of the Aqua Solution® membrane for swimming pools. The company expects Q4 revenue to be at the low end of its prior guidance.
LiqTech International, Inc. (NASDAQ: LIQT) appointed Tobias Baldrian Madsen as Head of Strategy and Business Intelligence, effective December 1, 2022. With a strong background in business development and industrial knowledge, Madsen's role aims to advance the company's commercial strategies based on sound business intelligence. He has previously held positions at Grundfos, Deloitte, and Augury. CEO Fei Chen emphasized the importance of this appointment for defining the market focus and ensuring rapid execution of strategies.
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.