LiqTech Enters Distribution Agreement With Razorback Direct For Commercialization Of LiqTech Produced Water Treatment Solution In The U.S.
Portfolio Pulse from Benzinga Newsdesk
LiqTech International, Inc. (NASDAQ:LIQT) has entered into a distribution agreement with Razorback Direct Oilfield Solutions and Services LLC to commercialize LiqTech's produced water treatment solution in five U.S. states. This solution, leveraging LiqTech's ceramic silicon carbide filtration technologies, aims at tertiary water treatment for re-injection, reuse, and lithium harvest. The partnership aims to expand LiqTech's presence in North America, focusing on sustainability, financial success, and regulatory compliance in the oil and gas industry.
February 14, 2024 | 2:01 pm
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LiqTech's partnership with Razorback Direct to commercialize its water treatment solution in the U.S. represents a strategic move to expand its footprint in North America, focusing on the oil and gas sector.
The distribution agreement with Razorback Direct is likely to have a positive short-term impact on LIQT's stock price. This partnership not only opens up new markets in five U.S. states but also aligns with the growing emphasis on sustainability and regulatory compliance in the oil and gas industry. The successful operation of LiqTech's first commercial test unit and the complementary nature of the partnership suggest potential for increased demand and visibility for LiqTech's solutions.
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