New York-listed silicon carbide membrane filter company LiqTech International says it will be entering into a definitive partnership agreement with an unnamed scrubber manufacturer no later than October 1, 2018.
Both parties entered into an extension of a Letter of Intent in July.
“Our partner has spent the time since we signed the Letter of Intent testing our system,” remarked Sune Mathiesen, LiqTech CEO.
“With this extension, both parties confirm that the expected performance parameters for our system as set forth in the Letter of Intent have been met.
“Our partner will now start the process of integrating our system with their complete system package.
“Additionally they are in the process of creating a go-to-market plan.”
“We continue to see positive developments for our marine scrubber business.
“Our visibility is constantly improving and we remain confident that we will achieve our goals for 2018.”
Photo credit: LiqTech International
Published: 1 August, 2018
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