LiqTech International appoints Simon Stadil as Chief Financial Officer

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BALLERUP, Denmark, 23 November 2021 / PRNewswire / – LiqTech International, Inc. (NASDAQ: LIQT) (“LiqTech”), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced the appointment of Simon Stadil as Chief Financial Officer, effective 22 November 2021. Claus Toftegaard, most recently LiqTech’s CFO, takes over the newly created position of Project Director overseeing the company’s projects in China and Denmark.

Mr. Stadil comes to LiqTech from Welltec, an international provider of robotic well solutions for the oil and gas industry with approximately $ 300 million of annual revenue, where he was Director of Treasury and Investor Relations, Regional Finance Director for the Americas and Africa, and most recently as Vice President of Global Finance. In addition, Mr. Stadil was Deputy Director of Finance at Danish renewable energy and utilities company Ørsted, as well as Deputy Vice Chairman of Nordic Investment Banking at Barclays Capital at London. Mr. Stadil holds a Bsc. in business administration and a Msc. in Economics and Finance (Cand. .Fir) from Copenhagen Business School at Denmark. Mr. Stadil has extensive experience in corporate finance, risk management and capital markets, with extensive management experience in various positions in advisory and vertically integrated companies focused on technology in the global oil and energy sector.

“I am delighted to welcome Simon to the LiqTech management team,” said Sune Mathiesen, CEO of LiqTech. “Simon is a seasoned finance professional with extensive industry and management experience, particularly in the oil and gas markets. In addition, Simon has a solid understanding of capital markets having worked in the department. Barclays banking focused on mergers and acquisitions and other advisory business. I look forward to Simon’s contributions to LiqTech as we continue to execute our strategic plan. “

“Given the many global expansion opportunities that LiqTech is pursuing, including our plans to develop a new manufacturing facility in China To combat black carbon emissions from river and ocean-going vessels scheduled to open in 2022, we felt it was important to have dedicated management of these key initiatives. Claus is the ideal person to take on this newly created role of project manager and I look forward to his continued leadership going forward, ”concluded Mathiesen.

About LiqTech International Inc.

LiqTech International, Inc., a Nevada corporation, is a clean technology company providing advanced ceramic silicon carbide filtration technologies for gas and liquid purification. LiqTech’s silicon carbide membranes are designed for use in the toughest water purification applications and its silicon carbide filters are used to control soot emissions from diesel exhaust gases. Using nanotechnology, LiqTech develops products using its proprietary silicon carbide technology, resulting in a wide range of membrane components, membrane systems and filters for microfiltration and filtration applications. ultrafiltration. By incorporating LiqTech’s SiC liquid membrane technology with the company’s extensive experience and system design capabilities, LiqTech offers unique turnkey solutions for the most challenging 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 statement

This press release contains “forward-looking statements”. Although the forward-looking statements contained in this press release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties which may cause actual results to differ materially from those discussed in these forward-looking statements. Readers are urged to carefully consider and consider the various disclosures we have made in reports filed with the Securities and Exchange Commission, including risk factors that attempt to educate interested parties of the risks that may affect our activities, financial condition, results of operations and cash flow. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, our actual results may differ materially from those expected or projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

We assume no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.

SOURCE LiqTech International, Inc.

Related links

https://www.liqtech.com



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