secwatch.observer — SEC 8-K summary
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Issuer:     LIQTECH INTERNATIONAL INC (LIQT)
CIK:        0001307579
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001437749-22-027586
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1307579/000143774922027586/0001437749-22-027586-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1307579/000143774922027586/liqt20221116_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027586

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