The order, which covers two separate marine vessels, is expected to be delivered before the end of 2022.
“We are very pleased to have received this new order, and while it is not material from a revenue perspective, it does represent proof of life in a strategic market after a prolonged malaise,” said Alex Buehler, interim CEO of LiqTech. “We are now observing a notable increase in quotation activity for marine scrubber systems, which we believe is reflective of a recovering market and normalizing supply chain. We are optimistic that this important market can regain its momentum.”
