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Companies: LiqTech International, Inc. (LIQT)

Company Profile

Description

LiqTech International, Inc. is a Nevada corporation, headquartered in Bellerup, Denmark.  The Company supports manufacturing and sales operations in both Denmark and the United States as well as regional sales offices in Germany, Singapore and France.  Over the past decade+, LiqTech has been “at the leading edge in developing and marketing its own proprietary products to the environmental industry”.

Currently, the Company provides technology into two primary areas of the “cleantech” industry; air emissions filtration and water filtration.  The air filtration side consists primarily of the production and distribution of proprietary diesel particle filters (“DPFs”).  The Company sells DPFs into both OEM and retrofit markets and they provide filters for a variety of configurations.  The air filtration/DPF side represents the Company’s legacy business, which has been challenging over the past several quarters due largely to as lack of follow through on the part of government mandates aimed at reducing particulate from combustion engines.  On the other hand, the Company’s has been able to leverage its aptitudes in silicon carbide (“SiC”) filtration developed for the emissions space into products applicable to wter filtration.  Water filtration represents the growth side of the business.

Access to clean water is becoming an acute global problem.  In many parts of the world access to clean water is becoming more dependent on the ability to clean/filter water from a variety of sources.  LiqTech’s SiC water filters, which they often refer to as “membranes”, possess exception characteristics in term of flux (throughput), thermal resistance and hardness, and here again, they provide them in various configurations including single filters as well as entire filtration “systems”.  

Although Liqtech’s membrane business remains choppy due to a number of factors including the length of the sales cycles (and associated water projects) as well as the general acceptance of their filters versus legacy technologies, the Company is experiencing marked growth in the segment.  For example, for Q1 F2016 (ended March 31, 2016) the Company reflected revenues of $3.6 million versus $2.1 million. The bulk of that revenue growth (70%+) was related to membrane sales. 

Again, the growing demand for clean/filtered water around the world, may provide a unique growth opportunity for Liqtech going forward.       

Contact Information

  • Industriparken 22C
  • Ballerup 2750
  • Denmark

Financial Reporting/Disclosure

Reporting Status U.S. Reporting: SEC Reporting
Latest Report Jun 30, 2016 10-Q
CIK 0001307579
Fiscal Year End 12/31
OTC Marketplace Not Available

Profile Data

SIC - Industry Classification Not Available
Incorporated In: NV, USA
Year of Inc. 2004
Employees 87 a/o Dec 31, 2011

Company Notes

  • Formerly=Blue Moose Media Inc. until 10-2011

Service Providers

Accounting/Auditing Firm
Gregory & Associates, LLC
2812 South 2750 East
Salt Lake City, UT, 84109
United States

Pritchett, Siler & Hardy, P.C.
515 South 400 East
Suite 100
Salt Lake City, UT, 84111
United States

Legal Counsel
K&L Gates LLP
200 S. Biscayne Blvd
Suite 3900
Miami, FL, 33131
United States

Investor Relations Firm
Wolfe Axelrod Weinberger Associates, LLC
One Grand Central Place
60 East 42nd Street
Suite 2534
New York, NY, 10165
United States

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