LiqTech

We just released 2023 annual report. I am excited to share that we have delivered solid financial results improving both our top and bottom line in what has been a transitional year for LiqTech focused on getting a new leadership team in place and implementing our new commercial strategy. Key achievements include: - We reached a total revenue of $18 million which corresponds to 13% YoY growth compared to 2022 - We achieved a gross margin of 15.4% compared to 3.5% in 2022 and lowered our operating expenses from $13.1 million in 2022 to $10.6 million in 2023.  - Our net loss was negative $(8.6) compared to $(14.2) in 2022 reflecting a significant milestone reached on our path to reach break-even. Over the last two weeks, we have also shared two important announcements that we have received orders for two containerized oil & gas produced pilot units. One of these is from Razorback Direct, our new partner in the U.S., while the other is from NESR in the Middle East, a partner we have been working with since 2022. I would like to take the opportunity to thank our customers, partners, investors and employees for their great contributions in 2023 and look very much forward to continued collaboration in 2024. Want a more detailed overview of our 2023 achievements and a strategic outlook? Please listen to the conference call we hosted earlier today 👉  https://lnkd.in/deiB_Nvm

🚀 We’re excited to share the announcement of a significant order from NESR, a leading provider of energy services in the Middle East. This order is for a containerized pilot unit that will be used at a customer site to demonstrate and document the efficiency of our ultrafiltration technology in treating oil & gas produced water to facilitate beneficial reuse. Longer term, the intention is to use the results from this pilot to design and implement full-scale commercial systems. NESR and LiqTech have been partners since November 2022 and since then we’ve been working towards commercializing our produced water treatment solution in the region. Once operational, the new pilot unit will become the second one to step into operation in the Middle East since another similar type of unit was deployed in May 2022 by a major oil & gas operator in the region. Interestingly, this system has been running smoothly for nearly two years now with over 99% of the feedwater passing through it being delivered back as clean brine suitable for reinjection. The quality of the clean brine exceeds the performance requirements originally defined by the end user. What’s more, the system has demonstrated excellent energy efficiency. Want to learn more? Find our release here: https://lnkd.in/dyc_Amkn

🚀 We’re excited to share that we have just announced our first major U.S. order for oil & gas produced water as part of our new partnership with Razorback Direct Oilfield Solutions and Services LLC, a company headquartered in Houston that provides water treatment consultancy to oil & gas operators in the U.S. It’s only a little more than one month ago that we launched a new partnership with Razorback, and they've now acquired a containerized pilot system that will be used at a customer site to demonstrate and document the efficiency of our technology in treating produced water to facilitate beneficial industrial reuse. In the longer term, the strategic intention is to use the results from this pilot operation as the basis to design and implement full-scale commercial systems and we look forward to the continued journey! 🚀 https://lnkd.in/draZeKav #OilandGas #ProducedWaterTreatment #Sustainability #innovation

Not all pool fitration technology is created equal. Did you know that our advanced membrane filtration systems enable superior water quality in terms of bacteria, pathogen and virus removal? It also takes up less space and provides significant environmental benefits and operational cost savings with up to 80% less water usage, 60% lower energy consumption and 30% less chlorine dosing compared to convention sand filtration. Want to learn more? Make sure to book a meeting with LiqTechs Global Partner Director, Parisha Zarmeen Brinch, at this year’s ForumPiscine Expo & Congress Expo & Congress that is being held in Bologna from 14-16 February.

🚀 Vi søger nye kolleger i Ballerup🚀 Hos LiqTech i Ballerup søger vores PTA-team og vores R&D-team nye kolleger! Vi har netop slået to spændende stillinger op: 🔍 Maskinmester til arbejde med højtemperaturovne: Er du en erfaren maskinmester med en passion for teknologi og innovation? Vi leder efter en dedikeret og proaktiv person til at styrke vores PTA-team og bidrage til vores fortsatte succes. 🔬 Procesingeniør: Har du en baggrund inden for ingeniørfaget og en interesse for at arbejde med innovative produkter og komplekse processer? Vi søger en dynamisk og engageret procesingeniør til at hjælpe os med at udvikle og drive vores R&D projekter fremad.   Hvis du ønsker at være en del af et knalddygtigt team, hvor dine færdigheder og ideer værdsættes, så er dette din chance!   Send os dit CV , eller tag gerne en ven, der kunne være interesseret! For mere information om stillingerne og hvordan du ansøger, besøg vores karriereside: https://lnkd.in/eYG5V5MV #LiqTech #Joinus #Jobåbning #Karrieremuligheder #Ballerup #Ingeniørjobs

Are you taking part in #SPATEX 2024, a major pool and spa exhibition in the United Kingdom that highlights new products and innovations? We're thrilled to be here alongside Barr + Wray, our new distribution partner for the UK and Middle East markets. Come visit us at stand B23 to experience firsthand our ceramic pool microfiltration technology. We assure you, it will be worthwhile! Our technology not only ensures superior pool water quality in terms of bacteria, pathogen and virus removal. It also offers significant environmental benefits and operational cost savings with up to 80% reduced water usage, 60% lower energy consumption, and 30% less chlorine dosing compared to conventional sand filtration. #barrandwray #filtration Craig Steele Lorne Kennedy Janne Pedersen Parisha Zarmeen Brinch

Today, we officially announced a significant expansion of our partnership with Barr + Wray, a global leader in spa and pool solutions. This collaboration was initially launched in the Middle East, but has rapidly gained momentum, and we're now ready to bring LiqTech's Aqua Solution® swimming pool filtration systems to the United Kingdom market. We believe Barr + Wray's expertise combined with our filtration solution, has the potential to make a big impact on the commercial swimming pool sector in the UK. Our technology not only ensures superior water quality, but also offers substantial environmental benefits, with up to 80% reduced water usage, 60% lower energy consumption, and 30% less chlorine dosing compared to conventional systems. We look forward to reshape the landscape of commercial pool solutions in the UK and beyond! https://lnkd.in/dFR7pa4T

Our team in Liqtech in looking forward to participating in #Spatex with our Partner Barr + Wray. We look forward to showcasing our microfitration solution there! #microfiltration #liqtech

This blog post was our most-read blog post in 2023. The list of banned ports, territorial waters, and local waters in which open-loop scrubbers are prohibited is still increasing to secure cleaner water in our feature. Read our most-read blog post here: https://lnkd.in/ddn9d8ec

Exciting news! In October, we announced our new partnership with BARR + WRAY GROUP LIMITED to distribute LiqTech commercial pool membrane filtration solutions to the Middle East. Now, we can proudly announce that Barr + Wray will also distribute our commercial pool systems to the UK market.