BALLERUP, Denmark, June 8, 2017 /PRNewswire/ -- LiqTech
International, Inc. (NYSE MKT: LIQT) ("LiqTech") announced that the Company has been informed by Hunan Yonker
Investment Group (Yonker) that its application for a USD 4 million investment in LiqTech has been
declined by the National Development and Reform Commission (NDRC).
Mr. Sune Mathiesen, LiqTech CEO, remarked, "We are disappointed that the investment has been
declined by the NDR, but we believe that the recently completed private placement has capitalized the Company for acceleration of
our business and in particular in the marine scrubber market."
ABOUT LIQTECH INTERNATIONAL, INC.
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. 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. In
particular, LiqTech Systems A/S (www.provital.dk), the
Company's subsidiary, has developed a new standard of water filtration technology to meet the ever increasing demand for higher
water quality. By incorporating LiqTech's SiC liquid membrane technology with its longstanding systems design experience and
capabilities it offers solutions to the most difficult water pollution problem.
For more information, please visit www.liqtech.com
Follow LiqTech on LinkedIn: http://www.linkedin.com/company/liqtech-international
Follow LiqTech on Twitter: https://twitter.com/LiqTech
Forward-Looking Statements
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.
CONTACT:
Aldo Petersen, Chairman,
+45 2390 0000, ap@liqtech.com
Sune Mathiesen, CEO
+45 5197 0908, sma@liqtech.com
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SOURCE LiqTech International, Inc.