LiqTech International, Inc. announces the following changes to its Board of Directors in accordance with ongoing succession planning. Chairman Mark Vernon has announced that he will retire from the Board after serving as a Director for more than 10 years and as Chairman for the past five years. Alex Buehler, who joined the Board in 2018 and who served briefly as the Company's Interim Chief Executive Officer in 2022, has been appointed as Chairman of the Board with immediate effect.

Alex is currently the President & CEO of Integrated Water Services and an independent director and Chairman of the Audit Committee of Energy Recovery. Alex will also serve as Chairman of LiqTech'sGovernance & Nominating Committee. Further, LiqTech announced that Mr. Martin Kunz has been appointed to the Company's Board of Directors with immediate effect.

Martin has also been appointed to serve on the Company's Audit, Compensation, and Governance & Nominating Committees. Martin brings to the Board very broad experience across multiple industrial end markets along with extensive international exposure. He is currently serving as the President & CEO of Concentric AB, a publicly traded globally operating company listed on the Swedish Stock Exchange that specializes in innovative solutions in flow control and fluid power.

Prior to this, Martin held senior leadership roles at Xylem and Pentair.