BALLERUP, Denmark,
June 26,
2023 /PRNewswire/ -- LiqTech International,
Inc. (NASDAQ: LIQT), a clean technology company that
manufactures and markets highly specialized filtration products and
systems, announces the following changes to its Board of
Directors in accordance with ongoing succession planning.
Chairman Mark Vernon has
announced that he will retire from the Board today after
serving as a Director for more than 10 years and as Chairman for
the past five years. Alex Buehler, who joined the Board in
2018 and who served briefly as the Company's Interim Chief
Executive Officer in 2022, has been appointed as Chairman of the
Board with immediate effect. Alex is currently the President
& CEO of Integrated Water Services and an independent director
and Chairman of the Audit Committee of Energy Recovery. Alex
will also serve as Chairman of LiqTech's Governance &
Nominating Committee.
Commenting on Mark Vernon's
retirement, Fei Chen, Chief
Executive Officer of LiqTech, said:
"On behalf of our shareholders, the Board acknowledges with
gratitude Mark's significant contribution to LiqTech over the past
10 years. In his role as Chairman, Mark's leadership and
steady hand have been vital in guiding the business through
significant changes and challenges."
Commenting on his retirement and Alex
Buehler's appointment, Mark
Vernon, Chairman, said:
"It has been a pleasure to serve the shareholders and the
Company for over 10 years and, throughout this time, face the
challenges of a technology company in gaining market traction and
developing a professional management team and core business
processes. I express to everyone at LiqTech my very best
wishes for the future and am confident that the Company will be
successful in developing into a high-growth, profitable
business.
"Alex's previous experience as Interim Chief Executive Officer
of LiqTech in 2022, combined with his international business
experience, has prepared him well to assume the role of Chairman of
the Board at this important time in its evolution. His
skills, Company insight and experience make him an ideal fit in
this new role, and I have full confidence in his ability to help
guide the Company through the next phases of its growth and
development."
Further, LiqTech is pleased to announce that Mr.
Martin Kunz has been appointed to the Company's Board of
Directors with immediate effect. Martin has also been
appointed to serve on the Company's Audit,
Compensation, and Governance & Nominating
Committees. Martin brings to the Board
very broad experience
across multiple industrial end markets along
with extensive international exposure. He is
currently serving as the President & CEO of Concentric AB, a
publicly traded globally operating company listed on the Swedish
Stock Exchange that specializes in innovative solutions in flow
control and fluid power. Prior to
this, Martin held senior leadership roles at Xylem
and Pentair.
Newly appointed Chairman, Alex
Buehler, stated, "It is an honor and privilege to serve as
the next Chairman of the Board for LiqTech International, and I
want to thank Mark for his many years of service and lasting
contribution to the Company. Moreover, I look forward to
continuing the close collaboration with our CEO, Fei Chen, the Board, and the management team as
we strive to accelerate strategic and commercial momentum across
the business and unlock the full potential of LiqTech's
differentiated products and technologies. We are delighted to
appoint Martin to the Board of Directors and look forward to his
contributions and insight into achieving our business
objectives."
ABOUT LIQTECH INTERNATIONAL, INC.
LiqTech International, Inc., a Nevada corporation, is a clean technology
company that provides state-of-the-art ceramic silicon carbide
filtration technologies for gas and liquid purification. LiqTech's
silicon carbide membranes are designed to be used in the most
challenging purification applications, and its silicon carbide
filters are used to control diesel exhaust soot emissions. Using
nanotechnology, LiqTech develops products using its proprietary
silicon carbide technology, resulting in a wide range of component
membranes, membrane systems, and filters for both microfiltration
and ultrafiltration applications. By incorporating LiqTech's SiC
liquid membrane technology with the Company´s extensive systems
design experience and capabilities, LiqTech offers unique, turnkey
solutions for the most difficult water purification
applications.
For more information, please visit: www.liqtech.com
Follow LiqTech on Linkedln:
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 the 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.
Company
Contact:
|
Investor
Contact:
|
Simon Stadil, Chief
Financial Officer
|
Robert Blum
|
LiqTech
International
|
Lytham Partners,
LLC
|
Phone: +45 3140
9128
|
Phone: (602)
889-9700
|
sst@liqtech.com
|
liqt@lythampartners.com
|
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SOURCE LiqTech International, Inc.