LiqTech International Receives USD $790,000 Follow-On Order From An International Mining Company

LiqTech International, Inc. (NYSE MKT: LIQT) ("LiqTech") is pleased to announce that the Company has received a $790,000 order from an international mining company. The order is for a newly developed highly chemical resistant composite multi-housing for the Company´s SiC membranes, chemical storage tanks and process equipment. The order is expected to be delivered in the first half of 2016. Mr. Sune Mathiesen, LiqTech CEO, remarked, "This order is a follow-on order to the mining order we announced in June 2015. We have commenced production of the system and are pleased that the customer has placed a larger portion of the project with us. The total value of the two orders is $6.9 million. This marks an important step for us in our efforts to establish ourselves as a supplier of complete water treatment solutions. These orders with this customer are a direct result of our focus on applications within heavy-metal removal. By narrowing our focus to a limited number of applications, we have become specialists and with our new ability to include design, pre- and post-treatment and installation to our scope of delivery, we have become an even more attractive partner to our customers. We are actively pursuing other opportunities within heavy-metal removal applications and we believe that the capability to supply complete water treatment solutions will lead to further orders in the future," Mr. Mathiesen concluded.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsContracts
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!