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Home > Press > LiqTech International Inc. Enters Into Strategic Alliance With Scandinavian Brake Systems and Their Notox Division: Company Expands Production Capacity of Diesel Particulate Filters From 400,000 Liter to 1,400,000 Liter
LiqTech International, Inc. (OTCBB: LIQT) announced today that the Company has entered into an alliance with Scandinavian Brake Systems to utilize the production capacity of their division Notox.
LiqTech and Notox have been competitors in supplying the automotive market with Diesel Particulate Filters (DPF). The companies have now joined forces with a goal to penetrate new and larger markets. LiqTech will sell and market DPF in the global market and Scandinavian Brake Systems will produce DPF for LiqTech.
LiqTech CEO, Lasse Andreassen, stated, "For many years we have had the greatest respect for Scandinavian Brake Systems and their high quality production facilities. We have been fortunate to develop our business and establish a market position in North America, Asia and Europe in competition with Scandinavian Brake Systems and their division Notox. Now joining forces, LiqTech will increase production capacity by more than 200 percent, which will enable us to focus on the next stage of our strategic goal, the OEM market in the U.S., Asia and Europe."
CEO Hans Fuglgaard, Scandinavian Brake Systems, commented, "We have built a state of the art production facility for Notox, investing more than $50,000,000; with our agreement with LiqTech International, we can now start to utilize our facility's potential. Notox is very experienced in production, but has had difficulties with sales and marketing. We have admired the progress of LiqTech International and see the alliance as a perfect match when approaching the new market opportunities for DPF."
About LiqTech International, Inc.
LiqTech International, Inc., a Nevada corporation ("LiqTech"), is an award winning cleantech 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 proprietary products using patented 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 www.liqtech.com.
About Scandinavian Brake Systems:
Scandinavian Brake Systems A/S develops, manufactures and distributes brake and friction parts for cars and motorcycles, as well as energy and industrial plant such as wind turbines. We operate on the global market with our principal customers in Europe, North America and Asia, and the group's products are sold to the OE/OES market as well as the free aftermarket. We also own 100% of the shares in Notox A/S, a company that develops and manufactures diesel particulate filters for on-road and off-road diesel vehicles and other diesel powered applications. SBS was founded in 1964 and has been listed on Copenhagen Stock Exchange since 1989. For more information, please visit www.sbs.dk.
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 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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