TMCnet News
LiqTech Receives $2.4 Million Silicon Carbide Particulate Filter Order From Kailong High TechnologyBALLERUP, Denmark, Sept. 27, 2016 /PRNewswire/ -- LiqTech International, Inc. (NYSE MKT: LIQT) ("LiqTech") is pleased to announce that the Company has received an order for silicon carbide diesel particulate filters from Kailong High Technology ("Kailong") for $2,360,000 as part of the framework agreement made between the parties earlier this year. The order is the second order from Kailong and the first order after LiqTech and Kailong have signed a Letter of Intent to establish a Joint Venture for production of silicon carbide filters in China. We expect to commence initial deliveries in late 2016. Zang Zhicheng, Chairman of Kailong stated: "Kailong is very excited of the potential of the Joint Venture in China and we believe that there is a significant potential for the new Kailong SCR Systems and LiqTech Silicon Carbide Diesel Particulate Filters. We have presented the new systems to some of our customers and they are now starting to place the first orders for these products. We believe that in starting to fulfill orders, Kailong will have the benefit of being one of the first companies to deliver After Treatment Systems that comply with the new Chinese emission standards." Aldo Petersen, Chairman of LiqTech stated: "We are very pleased to receive the second order from Kailong. We are impressed on how fast Kailong is ready to serve the Chinese market." ABOUT LIQTECH INTERNATIONAL, INC. LiqTech International, Inc., a Nevada corporation, is a clean technology company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly highly spcialized filters for the control of soot exhaust particles from diesel engines and for liquid filtration. Using nanotechnology, LiqTech develops products using proprietary silicon carbide technology. LiqTech's products are based on unique silicon carbide membranes, which facilitate new applications and improve existing technologies. In particular, LiqTech Systems A/S (www.provital.dk), the Company's subsidiary, has developed a new standard of water filtration technology to meet the ever increasing demand for higher water quality. By incorporating LiqTech's SiC liquid membrane technology with its longstanding systems design experience and capabilities it offers solutions to the most difficult water pollution problem. For more information, please visit www.liqtech.com Forward-Looking Statements
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/liqtech-receives-24-million-silicon-carbide-particulate-filter-order-from-kailong-high-technology-300334672.html SOURCE LiqTech International, Inc. |