BALLERUP, Denmark, June 8, 2015 /PRNewswire/ -- LiqTech International, Inc. (NYSE MKT: LIQT) ("LiqTech") is pleased to announce that the Company signed a three year agent agreement with a Chinese company to promote and sell the Company's Diesel Particulate Filters (DPF) in the Chinese market. The annual revenue is estimated to be well over a million dollars per year. At the same time, the Company received its first purchase order for $814,000 from a large Chinese OEM and retrofit customer. This order is expected to be delivered in July 2015.
Mr. Sune Mathiesen, LiqTech CEO, remarked, "This new agent agreement and the first DPF order from China is the result of hard work and our focus on developing the emerging Chinese market for DPF. We believe that the potential for our DPF technology in China is significant and we have been working to establish the right sales channels. We believe we have now found the right partner to market and sell our product in China. This agreement and first order changes our outlook for the future of our DPF product.
"We have one of the most proven products available on the market with a reputation for quality and meeting delivery times. These were key decision points for the customer. We are confident that this is the start for our DPF product in China. We are already in discussions with our first customer and several potential new customers for additional orders," 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
Follow LiqTech on LinkedIn: http://www.linkedin.com/company/liqtech-international
Follow LiqTech on Twitter: https://twitter.com/LiqTech
Forward-Looking Statements
This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
CONTACT:
Wolfe Axelrod Weinberger Associates, LLC
Stephen D. Axelrod, CFA/Don Weinberger
(212) 370-4500, (212) 370-4505 fax
steve@wolfeaxelrod.com
don@wolfeaxelrod.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/liqtech-international-signs-agent-agreement-and-receives-a-usd-814000-order-for-diesel-particulate-filters-dpf-from-china-300095375.html
SOURCE LiqTech International, Inc.
