LiqTech Announces New Order for Marine Scrubber Market
BALLERUP, Denmark, June 1, 2022 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT), a clean technology company that manufactures and markets highly specialized filtration products and systems, today announced a new order for the marine scrubber market, leveraging the Company's proprietary water filtration system technology. The order, which covers two separate marine vessels, is expected to be delivered before the end of 2022.
Alex Buehler, Interim CEO of LiqTech, stated, "We are very pleased to have received this new order, and while it is not material from a revenue perspective, it does represent proof of life in a strategic market after a prolonged malaise. The 2019 spike in shipments of marine scrubber systems to meet IMO 2020 low-sulfur regulation was followed by a persistent slowdown caused first by the global pandemic and then more recently by a frenzied shipping market characterized by elevated volumes and strong pricing that was not conducive to retrofit activity. We are now observing a notable increase in quotation activity for marine scrubber systems, which we believe is reflective of a recovering market and normalizing supply chain We are optimistic that this important market can regain its momentum."
ABOUT LIQTECH INTERNATIONAL, INC.
For more information, please visit: www.liqtech.com
Follow LiqTech on Linkedln: http://www.linkedin.com/company/liqtech-international
Follow LiqTech on Twitter: https://twitter.com/LiqTech
View original content to download multimedia:https://www.prnewswire.com/news-releases/liqtech-announces-new-order-for-marine-scrubber-market-301558587.html
SOURCE LiqTech International, Inc.
IDEA SHOWCASE RECEPTION AND PITCH EVENT - Open to all Badge Holders - Sponsored by IKIN
Special Keynote Address
Game Changer - Helium