Core Insights - LiqTech International, Inc. is opening a dedicated Service Center in Cresson, Texas, in partnership with Halldor Systems, to enhance its U.S. service capabilities, scheduled to open on November 1, 2025 [1][5][6] - The new Service Center will strengthen support for LiqTech's Water for Energy business segment, focusing on produced water recycling and complex industrial wastewater treatment [3][7] - Key service offerings at the new center include deployment of certified service technicians, availability of critical spare parts, and remote and on-site technical support [10] Company Overview - LiqTech is a clean technology company specializing in advanced ceramic filtration systems for water treatment applications, with a focus on produced water recycling, industrial wastewater treatment, and marine exhaust gas purification [7] - The company has a global presence with growing operations in North America, Europe, and Asia, and is headquartered in Ballerup, Denmark [7] Partnership Details - Halldor Systems, an industrial services provider with expertise in energy, oil and gas, and industrial sectors, will collaborate with LiqTech to provide localized support and enhance operational reliability [2][6] - The partnership aims to deliver reliable support, faster response times, and long-term value for energy and industrial customers [6]

Core Viewpoint - FLINT Corp. has received favorable recommendations from leading independent proxy advisors ISS and Glass Lewis for a proposed recapitalization transaction aimed at reducing debt, lowering annual interest costs, simplifying capital structure, and improving liquidity [1][4][7] Group 1: Recapitalization Transaction - The Recapitalization Transaction is designed to protect shareholder value, strengthen FLINT's financial position, and position the company for future growth [2][7] - The special meeting for common shareholders to vote on the Recapitalization Transaction is scheduled for September 23, 2025, with a voting cutoff on September 19, 2025 [3][5][7] Group 2: Proxy Advisors' Recommendations - ISS and Glass Lewis provided independent recommendations after reviewing the strategic rationale, credible process, and valuation of the Recapitalization Transaction [4][7] - ISS highlighted that the elevated non-approval risk warranted a favorable recommendation, while Glass Lewis supported the transaction based on the factors presented by FLINT [7]

Core Viewpoint - FLINT Corp. has received favorable recommendations from leading independent proxy advisors ISS and Glass Lewis for its proposed recapitalization transaction, which aims to reduce debt, lower annual interest costs, simplify capital structure, and enhance liquidity [1][4][7] Group 1: Recapitalization Transaction - The Recapitalization Transaction is designed to protect shareholder value, strengthen FLINT's financial position, and position the company for future growth [2] - The special meeting for common shareholders to vote on the Recapitalization Transaction is scheduled for September 23, 2025, with a voting cutoff on September 19, 2025 [3][5][7] Group 2: Proxy Advisors' Recommendations - ISS and Glass Lewis have independently reviewed the Recapitalization Transaction and determined that its strategic rationale and potential benefits warrant a favorable recommendation [4][7] - ISS highlighted the credible process and valuation, as well as the elevated non-approval risk, as reasons for their support [7] Group 3: Company Background - FLINT Corp. has over 100 years of experience providing solutions in the Energy and Industrial markets, including sectors such as Oil & Gas, Petrochemical, Mining, and Water Treatment [5]

Company Overview - Hawkins, Inc. is a leading water treatment and specialty ingredients company founded in 1938, headquartered in Roseville, Minnesota, with 64 facilities across 28 states [3] - The company generated $974 million in revenue for fiscal 2025 and employs approximately 1,100 people [3] Acquisition Details - Hawkins, Inc. has completed the acquisition of StillWaters Technology, Inc., which distributes water treatment chemicals and equipment in Alabama [1] - This acquisition is part of Hawkins' strategy to expand its customer base in the southern U.S. and enhance its water treatment business [2] Strategic Intent - The CEO of Hawkins, Patrick H. Hawkins, emphasized that the acquisition will help build a larger customer base in Alabama and demonstrates the company's ability to execute its growth strategy [2] - Hawkins intends to maintain the strong community connections established by StillWaters, indicating a focus on local engagement and integration [3]

Core Insights - Gabelli Funds, LLC is hosting its third annual PFAS Symposium on September 17, 2025, at The Harvard Club in New York City, focusing on the critical issues surrounding PFAS and their environmental impact [1][2]. Industry Overview - PFAS (Per- and Polyfluoroalkyl Substances) are man-made chemicals used since the 1940s in various industrial applications and consumer products, known for their resistance to water, oil, and heat, and linked to significant environmental and health risks [4]. Event Details - The symposium will include company presentations, fireside chats, and one-on-one meetings, aiming to foster dialogue on the environmental and public health challenges posed by PFAS [2]. - The preliminary agenda features presentations from various companies, including 374Water Inc., BP Polymers, Arq Inc, and others, with topics related to PFAS remediation and management [3]. Company Background - Gabelli Funds, LLC is a registered investment adviser known for its research-driven investment process and offers a diverse range of investment products for individual and institutional investors [4].

Company Overview - Hawkins, Inc. is a leading water treatment and specialty ingredients company founded in 1938, headquartered in Roseville, Minnesota [4] - The company formulates, manufactures, distributes, and blends products for Water Treatment, Food & Health Sciences, and Industrial Solutions customers [4] - Hawkins, Inc. generated $974 million in revenue for fiscal 2025 and employs approximately 1,100 people [4] Upcoming Conference Participation - Patrick Hawkins, CEO, and Jeff Oldenkamp, CFO, will participate in Sidoti & Company's small cap virtual investor conference on September 17, 2025 [1] - The conference is attended by nearly 500 North American institutional investment firms interested in small-cap companies [2] - Hawkins management will be available for individual one-on-one virtual meetings during the conference [2]

Core Viewpoint - The introduction of the first mandatory national standard for membrane bioreactor (MBR) products in China aims to enhance energy and water efficiency, filling a significant gap in the industry [1] Group 1: Industry Standards - The National Standardization Administration has issued a plan for the revision of 18 mandatory national standards, including the energy and water efficiency limits and grading for MBRs [1] - This standard is expected to raise industry entry barriers, eliminate outdated production capacity, and promote the development of MBR technology towards high efficiency and low carbon [1] Group 2: Impact on Water Treatment - MBR technology is a key equipment in the water treatment sector, and its efficiency directly affects the operational costs and resource consumption of wastewater treatment plants [1] - The implementation of this standard will lead to systematic research on testing methods for MBR energy and water efficiency, ensuring the scientific, advanced, and operable nature of the standards [1]

Core Insights - Birchtech Corp. reported second quarter 2025 revenues of $3.3 million, slightly down from $3.4 million in the same quarter last year, primarily due to operational challenges [9] - The company is focusing on growth in its water treatment business, with expected initial sales in the second half of 2025 [5][6] - Management emphasized the importance of protecting intellectual property and leveraging governmental support for the coal sector to drive growth in the air business [4][6] Financial Performance - Gross profit for the second quarter was $1.0 million, representing 29.8% of total revenues, down from 31.6% in the prior year [10] - Operating expenses decreased significantly, with SG&A expenses at approximately $1.7 million compared to $4.6 million in the same quarter last year [11] - The net loss improved to $1.5 million, or ($0.02) per share, compared to a net loss of $6.2 million, or ($0.07) per share in the same quarter last year [13] Strategic Developments - The company appointed Dr. David Mazyck as Executive Director of Innovation and Commercialization to enhance its water treatment technology development [8] - Birchtech is pursuing a listing on a major U.S. exchange by year-end to enhance its capital market presence [6] - The company is actively engaging in patent defense and licensing agreements to bolster its air business revenue, with a projected annual revenue run-rate of at least $40 million by the end of 2026 [8][6]

Core Insights - DuPont's Water Solutions team has been recognized as a 2025 "Sustainability Squad" for its advancements in industrial wastewater treatment and reuse [1][2] - The FilmTec™ Fortilife™ membranes developed by DuPont enable efficient wastewater treatment, resource recovery, and reduced energy consumption [2][3] Group 1: Recognition and Awards - The "Sustainability Squad" Award highlights DuPont's commitment to addressing industrial water treatment challenges through innovative solutions [2][3] - This recognition underscores the effectiveness of the FilmTec™ Fortilife™ elements in helping customers comply with discharge regulations and improve water efficiency [3] Group 2: Product Innovations - DuPont has launched several new and upgraded FilmTec™ Fortilife™ membranes, including CR100, XC70, XC120HR, and XC160, enhancing brine concentration and energy efficiency [4] - These innovations support the adoption of minimal liquid discharge schemes and emerging applications like direct lithium extraction and seawater brine crystallization [4] Group 3: Global Impact - DuPont Water Solutions' technologies are purifying over 50 million gallons of water per minute across 112 countries [5] - The company provides a comprehensive portfolio of membranes, resins, and systems to tackle various water treatment challenges faced by municipalities and industries [5]

Financial Data and Key Metrics Changes - The company reported revenue of nearly $5 million for Q2 2025, an increase from $4.5 million in Q2 2024 and $4.6 million in Q1 2025 [19] - Gross margin for Q2 2025 was 9.8%, down from 16% in the same period last year but improved from 2.7% in Q1 2025 [21] - Net loss for the quarter was $2 million, slightly better than the $2.1 million loss in the same period of 2024 [23] Business Line Data and Key Metrics Changes - Water system sales and related services generated $2.4 million, up from $1.9 million in Q2 2024 but down from $2.7 million in Q1 2025 [19] - DPF and ceramic membrane sales were $1.3 million, down from $1.7 million in Q2 2024 but up from $1 million in Q1 2025 [20] - Plastic revenue reached $1.2 million, compared to $900,000 in Q2 2024 and $1 million in Q1 2025 [20] Market Data and Key Metrics Changes - The swimming pool segment delivered six systems, generating nearly $800,000 in revenue, marking a significant increase from previous quarters [5][12] - The company anticipates continued year-over-year revenue improvements in the third and fourth quarters, with full-year revenue expected to be the highest in four years [6][17] Company Strategy and Development Direction - The company is focusing on expanding its presence in water treatment, particularly in the steel industry and swimming pool markets, while also pursuing pilot projects in various sectors [10][27] - Strategic partnerships, such as with ResoVac Direct, are being leveraged to enhance market reach and deliver tailored solutions [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operational performance and revenue outlook for the remainder of the year, citing strong order flow and successful pilot projects [6][17] - The company is committed to addressing environmental challenges through its advanced filtration technologies, aiming to meet increasing global demand for sustainable solutions [25][27] Other Important Information - The company plans to record revenue on a percentage of completion basis for large orders, which is expected to stabilize financial reporting [8] - Cash at the end of the quarter was $8.7 million, down from $10.4 million at the end of Q1 2025 [23] Q&A Session Summary Question: Can you discuss the area of focus for the new Razorback pilot? - The focus is on an industry outside oil and gas, specifically in water treatment, with more details to be shared after receiving customer feedback [29] Question: What does the approval of the pilot at the US oil and gas industry application mean in terms of potential timing? - This approval allows for commercialization across the company, with expectations for exciting results in the near future [30] Question: What timing do you think will be for the bidding process in the marine segment? - The bidding process is expected to occur in Q3, with developments anticipated in the next two months [31] Question: Based on your full year guide, does that mean you will be EBITDA profitable in Q4? - The company expects Q4 to potentially be EBITDA positive, depending on sales volume and mix [34]