LiqTech International, Inc. and National Energy Services Reunited Corp. have entered into a distribution agreement to commercialize LiqTech's produced water treatment filtration solution for re-injection in fifteen selected countries throughout the Middle East, Northern Africa and South Eastern Asia. 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 of clean brine and to meet current and future regulatory requirements.

LiqTech's first commercial test unit for produced water deployed in May 2022 in Middle East has successfully operating for the past three months, over 99% of the feedwater passing through the system is being delivered back as clean brine/permeate water for reinjection. 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 and demonstrating excellent energy efficiency.

NESR has close customer relationships and a strong service organization within the MENA oil & gas industry. As a National Champion with industry-leading solutions across its Drilling & Evaluation and Production Services segments, NESR is always looking to leverage its open technology platform and unmatched supply chain & personnel localization to bring new technologies into the region. Through its newest ESG Impact segment, NESR's goal is to import & jointly develop technological solutions specifically to help customers enhance resource stewardship and decarbonization, within which the Water Treatment subsegment is a primary focus.

This agreement with LiqTech greatly enhances the overall NESR produced water treatment offering by bringing highly complementary ceramic ultrafiltration technology.