LiqTech International, Inc. and Razorback Direct Oilfield Solutions and Services LLC have entered into a distribution agreement to commercialize LiqTech's produced water treatment filtration solution for re-injection and reuse, as well as lithium harvest, in five different states in the U.S. including Texas, Oklahoma, Louisiana, Ohio, and Pennsylvania. Leveraging LiqTech's proven ceramic silicon carbide filtration technologies, the Company's produced water treatment solution focuses on tertiary water treatment to facilitate re-injection and reuse and to meet current and future regulatory requirements. LiqTech's first commercial test unit for produced water deployed in May 2022 in the Middle East has successfully been operating for the past two years.

The quality of the clean brine (permeate) exceeds the performance requirements originally defined by the end user. Furthermore, the system operates with a low amount of chemicals while demonstrating excellent energy efficiency. Razorback Direct invests most of its Research and Development focus on the beneficial reuse and recycling of produced water.

The end goal is the mitigation of OpEx through the deployment of high efficiency chemistry enabled solutions. The company's core mission surrounds the responsible management of natural resources, mitigating waste, and helping oil and gas operators extract the most value from subsurface produced resources. This agreement with LiqTech greatly enhances the overall Razorback Direct produced water treatment offering by bringing highly complementary ceramic ultrafiltration technology.