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Stock impact report

LiqTech Successfully Installs New Furnaces to Expand Manufacturing Capacity

LiqTech International, Inc. (LIQT) 
NASDAQ:AMEX Investor Relations: liqtech.com/investor-relations
Company Research Source: PR Newswire
BALLERUP, Denmark, Jan. 2, 2020 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced the successful installation of a brand new customized furnace for use in the manufacture of the Company's proprietary silicon carbide membrane filters. The new furnace has throughputs that are more than 3x the Company's existing furnaces due to size and efficiency.The installation of this initial new furnace is the first step of a multi-phase process to increase overall capacity with modernized equipment that should also benefit the Company's gross margins. The Company expects to install a second new furnace by February 2020, and two additional new furnaces by June 2020. Upon successful installation of all four, brand new efficient furnaces in June 2020, the Company expects to completely retire its current older, less efficient furnaces. Overall, the Company's manufac Show less Read more
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