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FUTURE FILTRATION

LiqTech International

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Design and layoutHaus Copenhagen ApS © 2012

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Dear reader,

In 2006 I had the pleasure of being invited to invest in LiqTech International, with a vision to develop a ground breaking technology in liquid technology membranes.

“ The company will change our entire perspective on the treatment of one of the planet’s largest, but most unevenly distributed, resources; WATER!”

I had invested in a number of companies, but never in a company that was developing a new -but already profitable - technology.

ALDO PETERSEN Chairman, LiqTech

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Close to you.Not over seas!”- Lasse Andreassen, CEO and Founder

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In essence LiqTech was created out of the need for new technologies to meet ever increasing de-mands for cleaner air and cleaner water. It was born from a vision that technology companies with the right products and management could deliver sustainable profits and growth.

LiqTech is a Danish based technology company, who for the last 11 years has been at the leading edge in developing and marketing its own propri-etary products to the environmental industry. At its core is the ability to manipulate Silicon Car-bide (SiC) - one the most durable of manmade materials - which has allowed it to make a high value, high performance product for liquid and gaseous filtration products.

Core strength

From its facilities in Copenhagen LiqTech de-velops, manufactures and supplies its expanding network of sales offices around the globe. As such it retains full control of the development, manufac-turing and sales process. It is the understanding of the market place combined with its rapid response to the demands of the customer that has allowed LiqTech to compete successfully in two distinct Industries involved in the delivery of clean water and clean air.

• Control of exhaust emissions from diesel en-gines. As air quality continues to be a major is-

WELCOME TO LIQTECH

LASSE ANDREASSENCEO and Founder

Background in industrial

engineering Kampsax

and Niro Atomizer, where

Lasse Andreassen worked

with the removal of

bacteria from milk using

Polymeric membranes.

sue, sources of particulate and Oxides of Nitrogen from diesel engines are a major concern. LiqTech is one of the leaders in the supply of Diesel Par-ticulate Filters (DPF). These technologies will remove up to 99% of the particulate emitted by the diesel engine. The LiqTech DPF has found its way into engines both old and new and has been a major component in addressing “clean air zones” around the world, including cities in Europe, the USA and Korea. Future opportunities for the DPFcontinue as increasing legislation calls for signifi-cant reductions in diesel exhaust emissions es-pecially in rapidly industrialised areas like China and South America.

• In support of its DPF business LiqTech designs and manufactures a suite of proprietary automo-tive catalyst coating technologies, designed to meet the latest stringent emission standards in both NOx and PM.

• Water treatment The industries involved in the production and the reuse of water, have seen a massive growth as the resource we know as water, becomes a more valu-able commodity. Most notably LiqTech has - in its patented SiC technology - an outstanding new ceramic mem-brane delivering superior flow rate (Flux) with unparallel levels of filtration. This performance combined with exceptional durability, enables membrane technology to be considered for entirely new and important areas.

In the following pages we aim to inform you about a unique company that is LiqTech.

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1999

• Lasse Andreassen forms LiqTech A/S and opens an office and produc-tion facility in Copenhagen. The Company’s initial target was to produce novel SiC membranes tech-nology for liquid filtration.

2000

• First sales to USA of SiC membrane carrier to be coated with an Oxide membrane.

2000

2000

• Manufactures its first Silicon Car-bide (SiC) substrate for liquid filtration suitable for coating with third party Oxide membrane coating.

2001

• LiqTech introduces its own proprie-tary SiC membrane coating technology for its SIC substrate - result a new high performance membrane was born.

BUSINESS MILESTONES

PRODUCT MILESTONES

“ We soon realised that we had a winner on our hands.”- Johnny Marcher, Product Developer Manager

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2002

• Developed a range of high perfor-mance automotive SiC DPFs and entered the growing European/US retrofit emission control market for cleaner air.

• Entered into agreement with Saint Gobain and APV ltd to develop novel food and dairy membrane for bacterial removal from milk.

2004

• In support of LiqTech’s growing DPF business, the sister company CoMeTas produces a range of Cata-lytic coatings for the emission control industry.

• CoMeTas commercializes the first liquid membranes for water treatment.

2002

• Significant new sales of DPF start.

2004

• LiqTech makes its first sale to auto-motive OEM.

• CoMeTas formed to focus on bring-ing the SiC membrane to market. Office and Labs established at the DTU Symbian in Copenhagen.

2003

• Poul Andreassen (Founder of ISS) joins the LiqTech board as Chairman and injects USD 850 k of new capital.

• Investment in new in house fur-nacing to meet growing demand for LiqTech.

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2005

• LiqTech NA Inc formed. Don Debelek joins as CEO and Direc-tor to focus on production and sales of all LiqTech’s products into the NA region.

• LiqTech wins the prestigious Gazelle award and is recognized as the fastest growing company in Copenhagen.

2005

• LiqTech diversifies its DPF range with new DPF products to address lar-ger Marine and Locomotive markets.

2006

• New membrane commercialized for produced water. A unique water and oil separation technology designed to meet the stringent requirements for the North Sea oil exploration.

2006

• Introduction of Aldo Petersen as Chairman to LiqTech and an injection of new investors and capital to seed growth.

• LiqTech wins Gazelle award for the second consecutive year.

• Sales into Korea start. (DPF)

BUSINESS MILESTONES

PRODUCT MILESTONES

“...LiqTech and CoMeTas have a great potential for the international market...”- Ernst & Young Entrepreneur of the Year Competition Jury

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2007

2007

• Major emission control system com-panies world wide obtain product veri-fications with LiqTech filters.

2007

• CoMeTas wins the Gazelle award.

2008

• 2008 business milestone CoMetas wins award in the Ernst & Young En-trepreneur of The Year competition in the Cleantech category. The jury said: “...LiqTech and CoMeTas have a great potential for the international market because of the future restrictive laws in the environmental area.”

• LiqTech announces record sales of its DPF filters to customers supplying the London Low Emission Zone and Californian retrofit program.

2008

• LiqTech develops and patents the Back Pulse Hammer, which allows for continual operation of membrane in service ideally suited to the robust na-ture of LiqTech’s SiC membranes.

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2010

2009

• CoMeTas develops a pilot plant rig to enable easy and quick evaluation of the membrane at the customers own premises.

2009

• LiqTech Italy is formed. Focussed on water.

2010

• Building on the companies strength as a manipulator of SiC. LiqTech launches a range of SiC Kiln Furniture products. Aimed squarely at the ceramic industry requiring sup-port of their products during high tem-perature firing.

• LiqTech membranes undergoes po-sitive evaluation with water treatment giant Siemens. Who are looking for next generation Ceramic Membranes for future water treatment.

2010

• Partnership with Provital A/S to de-velop Swimming pool systems using CoMeTas membranes to replace SandFilters.

• World wide agency network esta-blished to distribute LiqTech’s Kiln Furniture.

BUSINESS MILESTONES

PRODUCT MILESTONES

“LiqTech’s products are a safe choice for us”- Customer, London LEZ.

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2011

• New asymmetric DPF produced targeted at the automotive OEMs. Strong initial interest from Korean market.

• Complete range of Catalyst products commercialised for the London Low Emission Zones.

2011

• LiqTech A/S and CoMeTas merge under one company LiqTech A/S.

• New production and HQ opened in Ballerup Denmark. Production ex-panded from 400000 litres to 1400000.

• LiqTech International A/S listed on the US OTC markets.

2011

• LiqTech GmbH formed. A wholly owned German regional office opened in Frankfurt servicing the German water treatment industry.

• LEA formed. A Partnership based in Paris serving the French water treat-ment industry.

• LiqTech International announces record growth in Revenues and profit for 2011.

2012

• LiqTech opens an office in Singa-pore representing the entire LiqTech product range in the South East Asian region.

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LiqTech has specialized in 3 business areas”

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Emission Control

Diesel Particulate filters (DPFs) Diesel Particulate filters (DPFs) for the control of soot exhaust particles from diesel engines. LiqTech’s range of SiC Diesel Particulate Filters remove 99% of particulate soot from the diesel engines exhaust.

Emission CatalystsEmission Control Catalysts for the control of emission from diesel vehicles with a focus on the automotive industry LiqTech can develop and coat catalyst on a wide range of materials (including its own SiC DPF) to help our customers achieve stringent emission standards.

LiqTech operates in the following business areas:

BUSINESS AREAS

Among these, LiqTech has specialized in 3 business areas: Emission Control, Ceramic membranes for water filtration and Kiln Furnitures for the refractory industry.

Diesel OEM Diesel Retrofit Catalytic ConvertersGensets /Marine

/Locomotive

LiqTech has for more than a decade developed and manufactured products of Re-crystallized Silicon Carbide.

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Principal ProductsLiqTech produces an extensive range of sizes and configuration of SiC membranes dependant on the operation and application. They can be classi-fied under two distinct product groups.

Aqua Solution Aqua Solution is a dead-end filter solution for liquids with low amounts of suspended solids. The membrane substrate has a dead-end design, which yields a more cost efficient filtration per-formance compared to other filtration principles. Aqua Solution is the ideal alternative to sand fil-ters, thanks to the reduced operating costs, supe-rior filtration and ease of handling. Sand Filter Replacement for:

• Pool&Spa• Pre-treatmentofRO• WastewaterTreatment

CoMemCoMem is a ceramic membrane element and is a cross-flow solution for filtration of liquids with a high amount sof suspended solids. The membrane substrates as well as the coat-ing are made from Silicon Carbide. CoMem com-bines the material characteristics of Silicon Car-bide with a cross-flow structure to handle higher amounts of suspended solids.

Ceramic Membrane

The Silicon Carbide (SiC) material provides the membrane with unique benefits. It is chemically inert, temperature resistant, has a high affinity to water (hydrophilicity) and extreme hardness, which makes it a very durable product. Our mem-branes can be applied to the processing of indus-trial waste water, produced water and pretreat-ment of drinking water.

For ceramic membranes, the following areas are in focus:

Produced water

Pre-filtration for Reverse Osmosis

Ballast water

Industrial applications

Drinking water

Waste water treatment

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Our competences within the field of manufacturing Recrystallized SiC (RSiC) also involves slip casted products”

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Kiln Furniture

SiC’s resistance to very high tempera-tures, combined with good mechanical strength, makes it an ideal material for manufacturing supports and associated ”kiln furniture” in the firing of Ceramics and other refactory products.

LiqTech offers a wide range of high qua-lity Kiln furniture for the refractory in-dustry. Key industries are:

• Sanitaryware• Mining• Tableware• Artwareandpottery• Refractoryceramics• Mineralprocessing• Industrialprocessheating• Technicalceramics• Filtration

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The aim of the project is to develop a ceramic membrane with removal of both bacteria and vi-ruses. The target pore size is 0.02 micron. The membrane will be tested in China in collaboration with our Chinese test-partner in 2012. The test will be filtration of tap water from different loca-tions in China and should result in 99.9999% re-moval of bacteria and 99.99% removal of viruses. The project is funded by the Danish Ministry of the Environment.

As predicted by Lasse Andreasen back in 1997, the SiC structure for the membranes is similar to that used for particulate filters in cars today.

The vision for this project is to develop a robust ce-ramic reverse osmosis (RO) membrane to provide advanced desalination treatment for the growing drinking water market with low energy consump-tion and high robustness.

“Our work focus on the future and how wecan innovate and improve in this area ofbusiness.”

The project is funded by the Danish Advanced Technology Foundation and the total project budget is 3 million USD.

FUTURE PROJECTS

Anti-virus membrane Ceramic RO membrane

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DENMARKLiqTech International A/SIndustriparken 22CDK-2750 BallerupDenmarkPhone: 0045 4498 6000Fax: 0045 4498 6001info@liqtech.comwww.liqtech.com

USALiqTech North America Inc.1804 Buerkle RoadWhite Bear Lake, MN 55110United States of AmericaPhone: 001 651-773-5850debelakd@liqtechna.dkwww.sicfilters.net

SINGAPORELiqTech Pte Ltd.28 Ayer Rajah Crescent#03-03, Singapore 139959lkl@liqtech.comwww.liqtech.com

GERMANYLiqTech Germany GmbHRobert-Bosch-Str. 761267 Neu-AnspachPhone: 0049 6081 576163rsi@liqtech.comwww.liqtech.com

FRANCELEA Technology Group4 Impasse de Lorraine38120 Echirolles, FrancePhone: 0033 344 40 63 08pierre.dobson@lea-technology.comwww.lea-technology.com

KOREA HIOIL E & T CO. LTD160-5, Seokchon-Dong, Songpa-gu138-844 SEOULKoreaPhone: 0082-2-413-7911Fax: 0082-2-413-7910jisukim@hioilent.comwww.liqtech.com