By: Tomas Ronolski - AllPennyStocks.com News

Friday, March 4, 2016

The iShares Russell 2000 Index (ETF) (NYSE ARCA:IWM), which tracks the Russell 2000 Index, fell sharply at the start of this year. The Russell 2000 Index is a small-cap stock market index which includes the bottom 2000 stocks in the Russell 3000 Index. The pullback in the small-cap stock index at the start of this year does not come as a surprise. As investors pulled money out of risk assets, small-cap stocks were hit hard. However, the sector is rebounding. Since February 11, the index has actually gained more than 11%, outperforming the S&P 500, which has gained just over 7% in the same period.

LiqTech International Inc. (NYSE MKT:LIQT) is a small cap stock with a market cap of just over $31 million. LIQT is a clean technology company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters. LiqTech's products are based on unique silicon carbide membranes which facilitate new applications and improve existing technologies.

Yesterday morning, LiqTech announced that it has received a $150,000 order from a new customer in the municipal pool market in France. The order was placed with LIQT’s distributor Lea Technology Group. It is the first pool related system order from a French customer, the company said.

Commenting on the major order, Sune Mathiesen, CEO at LiqTech, said that the French municipal pool market is focused on high water quality and energy efficient solutions and since LIQT’s pool systems offer high water quality and low energy and water consumption, the recently targeted France as a potential market. Mathiesen further said that for the past year, the company has been developing the market in close cooperation with Lea Technology Group and is pleased to see this first order. He added that LIQT believes that one of the keys to success in the French market is having a local presence and the company is very pleased with its relationship and the cooperation with Lea Technology Group. Mathiesen concluded the joint efforts have already proven successful and this first order is a great start and the company expects additional orders in the future.

The positive development though did not boost LIQT shares in trading yesterday, however shares are up slightly today. At last check, the stock was up 0.55% at $0.79 and is trading at the bottom end of its 52 week range.

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