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LiqTech International Appoints Simon Stadil as Chief Financial Officer

BALLERUP, Denmark, Nov. 23, 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 November 22, 2021. Claus Toftegaard, most recently the CFO of LiqTech, takes over the newly created position of project director overseeing the company’s projects in China and Denmark.

Mr. Stadil joins LiqTech from Welltec, an international provider of robotic well solutions to the oil and gas industry with annual sales of approximately $300 million, where he served as Director of Treasury & Investor Relations, Regional CFO Americas and Africa, and most recently as Vice President of Global Finance. In addition, Mr. Stadil was Assistant Funding Manager at the Danish renewable energy and utilities company Ørsted, as well as Assistant Vice President in the Nordic Investment Banking Division at Barclays Capital in London. Mr. Stadil has a Bsc. in Business Administration and an Msc. in Economics and Finance (Cand. .Fir) from Copenhagen Business School in Denmark. Mr. Stadil has significant experience in corporate finance, risk management and capital markets, with deep management experience from a variety of roles in advisory and vertically integrated technology-driven companies within the global oil and energy sector.

“I am delighted to welcome Simon to the LiqTech executive team,” said Sune Mathiesen, CEO of LiqTech. “Simon is an accomplished finance professional with extensive industry and management experience, particularly within the oil and gas markets. Furthermore, Simon has a strong understanding of capital markets having worked in the banking division of Barclays, focusing on mergers and acquisitions and other advisory activities I look forward to Simon’s contributions to LiqTech as we continue to execute on our strategic plan.”

“Given the numerous global expansion opportunities that LiqTech is pursuing, including our plans to develop a new manufacturing facility in China to address the black carbon emissions from inland and marine vessels opening in 2022, we felt it was important to committed management of these important initiatives. Claus is the ideal person to take over this newly created role of Project Director and I look forward to his continued leadership going forward,” concludes Mathiesen.

About LiqTech International Inc.

LiqTech International, Inc., a Nevada corporation, is a clean technology company providing state-of-the-art silicon carbide ceramic filtration technologies for gas and liquid purification. LiqTech’s silicon carbide membranes are designed to be used in the most challenging water treatment applications and the silicon carbide filters are used to control soot emissions from diesel exhaust. Using nanotechnology, LiqTech develops products using its proprietary silicon carbide technology, resulting in a wide range of component membranes, membrane systems and filters for both microfiltration and ultrafiltration applications. By integrating LiqTech’s SiC liquid membrane technology with the company’s extensive experience and capabilities in system design, LiqTech provides unique, turnkey solutions for the most difficult water treatment applications.

For more information, 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 in this press release represent the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the reports filed with the Securities and Exchange Commission, including the risk factors that seek to inform interested parties of the risks that may affect on our business, financial condition and results of operations and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results could differ 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 press release.

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

SOURCE LiqTech International, Inc.

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