LiqTech signs exclusive 3-year distribution deal with NESR for produced water treatment in 15 countries

LIQTECH INTERNATIONAL INC

Exclusive 3-year agreement for LiqTech's CFUF systems in 15 Middle East, Africa, Asia countries for produced water re-injection.
LiqTech can terminate if NESR fails to qualify in Saudi Arabia by Nov 2023, or gross orders below $10M (year 2), $40M (year 3), $100M (years 4-5).
First commercial test unit in Middle East achieved >99% water recovery since May 2022.
NESR gets non-exclusive IP license; jointly owned IP from NESR-funded developments.
Agreement with NESR DMCC, subsidiary of NESR Corp (NESR, NESRW), which trades on Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LIQTECH INTERNATIONAL INC entered into Exclusivity Agreement for Collaboration, Marketing and Deployment of Products and Associated Services with National Energy Services Reunited DMCC (effective 2022-11-11).

Action: entry
Agreement: collaboration
Counterparty: National Energy Services Reunited DMCC
Effective: 2022-11-11

Exact text from the filing

On November 11, 2022, LiqTech International, Inc. (the “ Company ”) and National Energy Services Reunited DMCC, a free zone company incorporated under the laws of the Dubai Multi Commodities Centre (DMCC), Dubai, United Arab Emirates (“ NESR ”), entered into an Exclusivity Agreement for Collaboration, Marketing and Deployment of Products and Associated Services (the “ Agreement ”).

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Source: SEC EDGAR

accession 0001437749-22-027586

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