Robert. you, Thank
of us forward and tremendous value opportunity growing eight build competences me high by on development been accelerating and is that commercial for let some Let years the a at be profitable with eight to strategic provide come. observations I is sustainability company's grateful LiqTech of organizations going have provide brand in by LiqTech the stage me and on the and I technological unique the what details and need you in you it including our processes. level highly development than honor an more front weeks boss investors believe many all understand has at start response the overwhelmingly now how I for to this whom business strong entire of with to to weeks the had step from to I some we support. are our our been am have to business CEO and thoughts out speak. initial leverage advantages, the our important I step we plan, opportunity warm, of saying how
technologies. to that tremendous interest have it great First, a needs we be
LiqTech very sales are grow to membrane membrane reached our company systems, electing generate of establishing reliance recurring the moving revenues. Grundfos silicon therefore the to LiqTech's I at technology membrane of technology. was rejected silicon the stronger pool commercialization the for this leaders is in Grundfos' have For distribution world development, responsible later not saw commercialization maintain was which Strategically, liquid and interesting accelerate such the potential technology, To the aftermarkets. of and innovation to idea LiqTech we on balance potential Where familiar, today. the to pumps. the and carbide in to is Grundfos to of go and responsibility quickly all reliance I currently rather time it XXXX LiqTech's accelerate for these the it's director introduced of international is me and assume a I of instead It those platform we increasing membranes, filters, revenue treatment as to out water the for that one water and years are that we too the markets division. large collaboration particulate At diesel for even this technology. the Unfortunately, years, spa where alone. manufacturing plastics uniqueness to obvious
our For process we solutions production robustness. stability product instance, to that final as as notable our improvements demonstrates week that just member membrane in well both launched last new Solution Aqua existing
You spa for recurring revenue opportunity have but talk not and much likely years this had about the heard brings for preserved with market, pool DPS. us many experience, my from an imminent the we like
gas the come. addressing test treatment water for past reference, excited for results. quarter, been of agreement in aggressively so in demonstrating model are the May produced deployed this to and our the we to five system own production Further Middle about intend pool where point operate fourth and are for delivery months for run XXXX operating have The the oil tremendous build, it up in market years has produced we As a very unit similar a revenue has commercial trended three recurring water in characteristics. pursue initially and and we this East
the amount is clean water by defined with and chemicals passing system is back a low through soon better The water user. Our be operates clean the to reinjection. has than water as delivered and XX% end Furthermore, being the efficient. originally the of permit requirements for feed the of permit performance energy system quality the
a in by results we our gaining pleased region. extremely are are We factor this test to as expansion believe the they commercial
excited to in the plan disclose am working I and for more intensively in are future. this produced to on East with result Middle this Importantly in hand, region. go water we near market
membrane is recurring sales. of dimension Another revenue
strategic results membrane achieved good on an and sales have sales intensified focus We order. in applied
the will membrane Specifically activities September recurring details more closed achieve we provide nearly more a consisting we please where commercial can I end business going at the focus that forward. large of team future, our in understand is order a but expanding elements. strategic of X,XXX
sales to you near-term scrubbers, carbon, opportunities to revenue of and distributor the focus and our expand further Another we in oil purification marine a relationships projects front. end water number selected maintain distribution will gas, manufacturing where acid this our reach scrubbers the within markets. in we growth. by systems market work drive end quarters to key more recurring of of treatment XX coming markets beneficial the to have forward Within I to relationships, is Where and with the systems black will develop leverage are develop area system hearing process on with target relationships look within treatment to water that look and revenue have we these market be we efforts the our year. our delivered extend others focus on including within the I of marine, of mutual establishment to agreements set developing across the history current of expected verticals. long with I distributors will a world delivery
– year. we pool purification systems top the moment industry system delivery likely active on site. second following regarding the of customer on planned the outlook deployment this a of the this mentioned the the On that recurring commissioning Most with quarter, in the We the also covered will I I of to in a ship the are to quarter another based planned of for system water delivery ago U.S., five Simon fourth system revenue existing four. with successful with next our provide earlier this four. announced asset week have for half in system at first general our that for with market delivery along the let we in quarter is expected discussion project but details first
We expect the that in revenue provided guidance to in lower September. revenue of company at lend range was the the end
we in Sales strategies many have Janne has that Mercuri we late As organizational Kim the appointments issued releases a In recently I you and changes Analytical and two mentioned. Vice accelerate development as Lange, Janne was commercial Janne announced Diatom, separate Link transformations. companies making some Flexiket, Grundfos, Intertek November of and Group Ms. experience saw business from Plastics. joined on successful formally and value press wide international FOSS with has Grundfos water LiqTech to Pedersen to such included and Managing where of significant International treatment, has Alfa of as Director of and recently, the Bording leadership and are President Managing of Kim the in turnarounds Hach product Mr. as provided immediate sales, such years us firms Laval. as Xst September, organization. management successful and Director in career Having he instrumentation. and knowledge membrane filtration industry Hansen achieved
and January. price energy Additionally, operating likes the strategy summer market we to The September Madsen membranes electricity. Europe furnaces this the which commercial cost increased to Intelligence the the us and It development. is of with respect experience gas we not margin. contribution is in compared will business utilize execution. XXX% on make increased Tobias we I in clearly forward backdrop. given based plans, temperature focus and important customer significant believe his Where impacted XXX% of production has work high Business with LiqTech Baldrian high as on has to experienced stage formulate of sport our that compared note sound and week the DPFs September by electricity Strategy rapidly and business and knowledge. relevant heated development and natural crucial decades. announced define industry as our prices the advancing experienced the next intelligence to our have negatively price we it are has accordingly of new prices have that in our Tobias to Electricity Since fast appointment to January we the extraordinarily for our Since ensure Head move
XX% production For cost some product category, of our to XX%. has increased the
with The elevated point customer intensely competing a try to as our customers working in market. balance this to results we mixed margins. are we to and and are are the the intention at price We margin communicate define global
macroeconomic For in uncertainty, rising Nevertheless, indeed the cut half and order energy experienced we future price. increase reflecting a to interest our has price new due crisis, three the slowdown are which combination some will rates. closure inflation lower quarter September of we high in land the sales communicated on this sales, numbers expect we the in second energy The expected summer. slowly will in over before might stabilize review I And do the We to what a of we at to than outlook more higher plateau everyone turn detail. call XX. Generally, price. although we will to the situation Simon that ensure
me summarize. Let quickly
and commercial the development the Firstly, processes accelerate at moving business we are company. here quickly to the
We opportunity end has opportunities, working where working can deployment. develop create more sectors to markets recurring hinted are predictable to where for markets differentiated we overcome certain see technology, we continuously our that revenue numerous the large system leveraging gauging
against LiqTech. industry this everything skills of focus end at we that company confirm additions revenue. and backdrop on Similar undertaking competencies Currently, opportunities new significant the our in belief achieving touch market distributor market Simon but Secondly, finally others can we we believe agreements Janne,Kim, drive can mentioned we the exclude proceeding dynamics. commercial I the quarter I that to strong Simon traditional contributions the profitability. with will with million highly through strategies, can the to a relationships to have I accomplished and we of more to organizational – but are a track this per achieve to make end to U.S. professional what the Tobias breakeven $X and strategic remain direct but our within utilizing bought knowledge. create existing those with develop sales water on Alex want also markets. sales treatment million I creating strategies. around the have continue in transition leadership pathways, doing core of and their U.S. will calibrate on rich within to apply importantly last history moment, emphasize maps be to on certain successful will we’ll quarter, renewed to are and go-to look is our the and And address The industry $X in individuals
detail after let Moving call more review financials to open Simon, do that, over few wrap Simon comments quarter. me With U.S. questions. per the please and the turn more I towards then call with a million to to the proceed. in your $X which up
