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LiqTech International, Inc. (LIQT) And Denovo Enter OEM Supply Deal

|Includes: LiqTech International, Inc. (LIQT)

LiqTech International, a clean technology company, recently signed an OEM supply agreement with Shanghai Denovo Environment Protection Co. Ltd. China, which will utilize LiqTech's SiC membrane technology as a key component for its near-term projects.

"Through our comprehensive experience and partnership with LiqTech, I believe the collaboration will expand the boundaries in the water treatment industry," Dr Chen Yegang, chairman of Denovo stated in the press release. "We have near-term projects at hand where we will utilize the SiC membrane as a key process component. The LiqTech membrane technology is superior in its field, and will add value for our customers."

As a leading industrial waste water firm in China, Denovo is targeting one of the fastest growing markets for industrial wastewater treatment. Chinese environmental legislation has called for increasing stringent discharge limits for water treatment, which Denovo said it believes it can provide by using its biological treatment systems paired with LiqTech's SiC membrane technology.

"Denovo is a leading Chinese EPC contractor of wastewater treatment plants, and the company has shown remarkable growth in a strategic market to LiqTech. This agreement with Denovo is a milestone for LiqTech in our efforts to penetrate the Chinese market for water treatment with our SiC membranes," LiqTech CEO Lasse Andreassen stated in the press release.

Per the OEM agreement, Denovo will place progressive minimum order quantities for the years 2013-2016 in order to maintain the supply agreement.

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