LiqTech International, Inc. ("LiqTech") is pleased to announce that it has signed a framework agreement with the Luxemburg based company APATEQ S.A. The framework agreement is for the delivery of LiqTech's SiC Ultra Fine filters and housings for use in the oil and gas industry. The annual revenue under this agreement is estimated to be approximately $1 million. At the same time, the Company also received its first purchase order for $165,000.
Mr. Sune Mathiesen, LiqTech CEO, remarked, "This framework agreement is an important milestone for us in the marketplace. Companies have started to design their solutions around our technology as they adopt our unique SiC UF filters. Our technology is new. However, for demanding applications, such as the removal of heavy metals and drinking water applications within the oil & gas industry, we are seeing increasing acceptance of our technology.
"We are encouraged by the market's increased acceptance and believe several other OEMs should adopt our technology in the near future," Mr. Mathiesen concluded.
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 specialized 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, Provital Solutions 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
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About APATEQ S.A.
Engineers and manufactures turn-key, custom designed oil-water separation systems for oilfield operators, compact wastewater treatment plants for demanding applications and pre-treatment systems for industrial wastewaters. With decades of experience in water and wastewater treatment and global industrial product manufacturing and commercialization, APATEQ's corporate and technical team is comprised of dedicated experts whose focused goal is environmental protection, water conservation and client satisfaction.