LiqTech Expands Distribution Coverage In The UK Swimming Pool Water Filtration System Market
Portfolio Pulse from Benzinga Newsdesk
LiqTech International, Inc. (NASDAQ:LIQT) has expanded its distribution agreement with Barr + Wray to include the UK, aiming to grow its Aqua Solution swimming pool water filtration systems. This move builds on their recent partnership in the Middle East. LiqTech's systems offer significant advantages over traditional filtration systems, including up to 80% reduction in water spending, 60% lower energy consumption, and 30% lower chlorine dosing. The company has already received an initial order in the UK following the agreement.
February 06, 2024 | 2:13 pm
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LiqTech's expansion into the UK market with Barr + Wray for its Aqua Solution swimming pool water filtration systems represents a significant growth opportunity. The system's environmental and operational benefits could drive demand.
The expansion into the UK, a new market for LiqTech's Aqua Solution, coupled with the initial order and the system's advantages over traditional filtration systems, suggests a positive outlook for LIQT's short-term performance. The partnership's success in the Middle East and the system's significant reductions in water and energy consumption, as well as chlorine dosing, make it an attractive option for commercial swimming pools, potentially increasing demand and revenue for LiqTech.
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