BALLERUP, DENMARK — (Marketwire) — 06/26/12 — LiqTech International, Inc. (OTCQX: LIQT) (OTCBB: LIQT) (“LiqTech”) is pleased to announce its CEO, Lasse Andreassen, has recently purchased 537,000 restricted shares of LiqTech International at $2.65.
Mr. Andreassen, CEO of LiqTech, stated, “Since the listing of LiqTech International on OTCQX, I have continued to see significant growth in all of our market segments.
“There is a growing demand for our Silicon Carbide membrane, and I am impressed with the interest for our new ceramic membrane products after having exhibited in several countries this spring. After having spent four years developing this new technology, we currently have more than 60 system integrators who are working with our unique technology.
“We are working on large and growing markets where I believe our products will play an important role and they are the best suited materials for the tasks.”
The Company has three significant growth areas and has no debt, a strong cash position, and a strong production platform.
“My current investment in LiqTech has a long-term perspective and the additional investment in shares is part of that strategy. With this investment I will have a total of 2,412,000 shares corresponding to approximately 10% of the outstanding shares in the Company,” concluded Mr. Andreassen.
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. It also manufactures kiln furniture. 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. For more information, please visit .
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.
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