BALLERUP, Denmark, July 5,
2018 /PRNewswire/ -- LiqTech International, Inc.
(NYSE AMERICAN: LIQT) ("LiqTech") announces the
appointment of Mark E. Vernon as
Chairman of the Board of Directors, effective today, succeeding
Aldo Petersen who is retiring from
the Board. Mr. Petersen has served as Chairman since August 2011.
Mr. Vernon joined the Company's Board of Directors in
May 2013 and has been serving as the
Chairman of the Compensation, Nominating and Governance Committees,
as well as a member of the Audit Committee. The Board is confident
that Mr. Vernon possesses the skills and experience to lead the
Company's continued progression and development. Mr. Vernon's
career has spanned nearly 40 years as a corporate officer,
executive director and non-executive director in the flow
management and process control industries. He has broad expertise
in global markets, operational management and business
development.
Mr. Vernon is also currently serving as the Senior Independent
Director of Senior plc (London Stock Exchange Symbol: SNR), a
British aerospace and industrial engineering business.
Mr. Vernon retired from Spirax-Sarco Engineering plc,
headquartered in Cheltenham,
England, in January 2014,
where he served as Chief Executive Officer and as a member of the
Board of Directors since August 2007.
Prior to joining Spirax-Sarco in 2003, Mr. Vernon held various
senior executive roles in Flowserve Corp, Durco International and
Valtek International. He was also a founding partner and Managing
Principal of NightWatch Capital.
Commenting on Mr. Vernon's appointment as Chairman, CEO Mr.
Mathiesen said,
"I would like to thank Aldo for his contributions to the company
and his steady guidance in supporting the transition of the
business from a component supplier to an integrated systems
supplier. I look forward to working with Mark to profitably grow
the Company's important filtration business and to strengthen our
market position as the leading global supplier of silicon-carbide
membranes and systems."
The Company has begun a search for a new independent director to
replace Mr. Petersen.
ABOUT LIQTECH INTERNATIONAL, INC.
LiqTech International, Inc., a Nevada corporation, is a clean technology
company that for more than a decade has developed and provided
state-of-the-art technologies for gas and liquid purification using
ceramic silicon carbide filters, particularly highly specialized
filters for the control of soot exhaust particles from diesel
engines and for liquid filtration. Using nanotechnology, LiqTech
develops products using proprietary silicon carbide technology.
LiqTech's products are based on unique silicon carbide membranes
which facilitate new applications and improve existing
technologies. In particular, LiqTech Systems A/S, the Company's
subsidiary, has developed a new standard of water filtration
technology to meet the ever increasing demand for higher water
quality. By incorporating LiqTech's SiC liquid membrane technology
with its longstanding systems design experience and capabilities it
offers solutions to the most difficult water pollution problem.
For more information, please visit www.liqtech.com
Follow LiqTech on LinkedIn:
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 our 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.
CONTACT:
LiqTech International
Sune Mathiesen,
CEO
+45 5197 0908, sma@liqtech.com
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SOURCE LiqTech International, Inc.