# LiqTech International, Inc > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/LiqTech International, Inc). ## Overview LiqTech International is a clean technology company that designs and manufactures ceramic silicon carbide filtration products and automated purification systems. Its core business spans liquid filtration systems, ceramic diesel particulate filters, and plastic components, with products used in water treatment, marine, industrial, chemical, and oil & gas applications. ## Products & services • Ceramic silicon carbide membranes and filters • Liquid filtration systems for water and industrial wastewater • Diesel particulate filters (DPFs) for soot control • Plastic components and fabricated parts • Aftermarket service and spare parts support • Custom filtration solutions for marine, pool, and oil & gas uses - **Ceramic membranes and filtration media** (35%) — Proprietary silicon carbide membranes and filters used in liquid purification and separation. - **Liquid filtration systems** (40%) — Integrated systems for pool water, marine scrubbers, industrial wastewater, and process fluids. - **Diesel particulate filters** (10%) — Ceramic DPF components used to reduce soot and black carbon emissions from diesel engines. - **Plastic components and fabrication** (10%) — Machined, welded, bent, and solvent-cemented plastic parts for industrial and life-science customers. - **Aftermarket and service** (5%) — Installation support, spare parts, and service for deployed filtration systems. - Ceramic silicon carbide membranes and filters - Liquid filtration systems for water and industrial wastewater - Diesel particulate filters (DPFs) for soot control - Plastic components and fabricated parts - Aftermarket service and spare parts support - Custom filtration solutions for marine, pool, and oil & gas uses ## Customers LiqTech sells to commercial and industrial customers that need filtration for aggressive fluids, wastewater, or emissions control. End markets mentioned in reports include commercial pool operators, shipowners and ship operators, oil & gas operators, industrial and chemical processors, mining wastewater users, and steel processing customers. It also serves plastics customers in pharmaceuticals, food & beverage, healthcare, and graphics. - **Marine and shipping** (primary) — Buys scrubber and water-treatment filtration systems to meet emissions and water-quality requirements. - **Industrial wastewater and process industries** (primary) — Buys systems for mining, steel, chemicals, petrochemicals, and heavy-metals removal. - **Oil & gas** (secondary) — Buys tailored filtration for produced water and related process streams to improve compliance and reuse. - **Commercial pool filtration** (secondary) — Buys pool water filtration systems and aftermarket support for clean-water performance. - **Plastics fabrication customers** (secondary) — Buys machined and fabricated plastic components for regulated and precision applications. - Commercial pool owners buying water treatment systems - Shipowners and ship operators needing marine filtration and scrubbers - Oil & gas operators using produced-water and process filtration - Industrial and chemical customers treating wastewater and aggressive fluids - Plastics customers in pharma, food & beverage, healthcare, and graphics ## Geography Production is centered in Denmark, with offices and operations in the Copenhagen area and Hobro, while the company also maintains U.S. and China presence in Fort Worth, Texas and Nantong/Shanghai. Management says it markets through offices in Denmark plus local representatives and distributors, and customer relationships span more than 25 countries. Geography matters because manufacturing is concentrated in Denmark, but sales, service, and localization efforts are expanding in the U.S. and China. - **Denmark** (0%) — No country revenue split disclosed; Denmark is the main production base. - **United States** (0%) — No country revenue split disclosed; U.S. is a key operating and service market. - **China** (0%) — No country revenue split disclosed; China is an operating and localization market. - Manufacturing is centered in Denmark, where products are shipped from - U.S. presence includes Fort Worth and a Texas service center - China operations include Nantong and Shanghai, with a marine R&D facility - Sales are supported by distributors and agents across 25+ countries - International shipping and trade policy affect cost, delivery, and demand ## Strategy LiqTech is focused on commercializing its silicon carbide technology across end markets with regulatory and sustainability tailwinds. Management is prioritizing new product development, deeper penetration of existing markets, and expansion into adjacent applications through distributors, partners, and localized service capabilities. - **New product and application development** (medium-term) — Broader use cases can increase the addressable market for the core silicon carbide platform. - **Penetration of existing end markets** (short-term) — The company already has reference customers in marine, pool, wastewater, and oil & gas. - **Geographic expansion and localization** (medium-term) — Local service, spare parts, and R&D can improve customer response and execution in key markets. - Develop new products and applications for clean water and pollution control - Penetrate existing end markets where the value proposition is already proven - Expand into oil & gas, marine, chemical, and other adjacent industries - Use distributors, agents, and partners to reach more geographies - Invest in R&D to strengthen membrane and systems differentiation - Build local service and R&D capabilities in the U.S. and China ## Risks The company remains exposed to operating losses, working-capital pressure, and the need for additional funding, which can constrain execution if demand or margins weaken. Its business is also sensitive to trade restrictions, tariffs, geopolitical disruption, energy prices, and supply-chain interruptions because products are manufactured in Denmark and shipped internationally. Cybersecurity, customer payment risk, and asset impairment are additional company-specific risks given its IP-heavy, project-based business model. - **Liquidity and going-concern pressure** [high] — The company has a history of operating losses and may need additional funding to support operations. - **Trade tariffs and export restrictions** [high] — The company manufactures in Denmark and sells internationally, so tariffs can raise costs and reduce demand. - **Geopolitical and shipping disruption** [medium] — War, sanctions, and Red Sea/Russia-Ukraine instability can interrupt delivery and customer service. - **Energy cost volatility** [medium] — Kiln operations and manufacturing are energy-intensive, so higher power prices can compress margins. - **Cybersecurity and IP protection** [medium] — Proprietary membrane technology and customer data create exposure to theft or disruption. - Going-concern and liquidity risk if funding or cash generation falls short - Tariffs and trade restrictions can disrupt sourcing and customer demand - Geopolitical conflict can delay shipping, service, and customer payments - Energy price volatility can raise kiln and facility operating costs - Cybersecurity breaches could expose IP and disrupt production - Project and inventory execution risk can pressure margins and cash flow ## Accounting Revenue recognition is a key judgment because the company sells a mix of systems, components, and service work that may be recognized at different points in time. Investors should also watch inventory valuation, warranty reserves, receivables collectability, and long-lived asset recoverability because these estimates can move gross profit and operating expenses materially. Given the going-concern discussion and recurring losses, impairment and contingency judgments are especially important. - **Revenue recognition** — Affects reported revenue, cost of sales, and quarterly comparability - **Inventory valuation** — Directly affects gross profit - **Warranty reserves** — Affects gross margin and operating expense estimates - **Receivables allowance** — Affects bad debt expense and operating results - **Long-lived asset impairment** — Can create non-cash impairment charges - Revenue recognition affects timing for systems, components, and service sales - Inventory valuation can swing gross profit when demand or obsolescence changes - Warranty reserves affect gross margin on installed filtration systems - Receivables collectability matters because customers may delay payment - Long-lived asset recoverability and contingencies can trigger impairment charges --- *Last updated: 2026-04-28T20:21:40.116035+00:00*