Cavitation Technologies, Inc. has Renewed a 3-year Agreement With Desmet Ballestra Group s.a. and Received a $650,000 Purchase Order

Rhea-AI Summary

Cavitation Technologies, Inc. renews a 3-year Global License Agreement with Desmet Ballestra Group s.a., its strategic partner since 2010. The Agreement includes a multiple systems order exceeding $650,000 and provides Desmet exclusive rights to develop and supply Cavitation's NANO Neutralization® System globally. The LPN technology offers enhanced performance in vegetable oil refining, lower operating costs, reduced environmental impact, and improved oil quality.

CHATSWORTH, CA, Feb. 15, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Cavitation Technologies, Inc. ("CTi" or the "Company") (OTCQB:CVAT ), a leading ESG company designing and manufacturing innovative flow-through nano-technology systems for fluid processing applications worldwide, renews  a 3-year Global License Agreement with Desmet Ballestra Group s.a. (Desmet), CTi's strategic partner since 2010. Desmet is a worldwide distributor of the Company's Nano-based vegetable oil refining and biodiesel production technology. In addition, Desmet has placed a multiple systems order in excess of $650,000, which is expected to be shipped in CTI’s current Fiscal Quarter.

The Agreement provides Desmet an exclusive license and right to develop, design and supply Cavitation’s NANO Neutralization® System which incorporates Nano Reactor® devices and newly designed Low-Pressure Nano (LPN) on a global basis in fats and oleo chemical applications.

The terms of the agreement are virtually similar to the Agreement signed in October 2021.

Desmet is a leading global provider of custom-engineered plants and equipment for the food, feed and biofuels industries. Desmet possesses a great worldwide reputation, thanks to over 75 years of experience, a significant R&D capacity and the most extensive customer base in the industry. The company has sales and engineering offices in 15 countries.

“We are pleased to strengthen our partnership with Desmet, as it has proven to be highly beneficial for both parties. This ongoing collaboration is introducing CTi to more customers, allowing us to showcase our ESG-friendly nanotechnology to the world,” commented Neil Voloshin, CEO of Cavitation Technologies, Inc.

“CTi possesses innovative technology that has demonstrated exceptional productivity across various applications worldwide. With more developments on the horizon, we envision an opportunity for growth and success in the future between our Companies,” concluded Mr. Voloshin.

Technology Overview:

The LPN multistage Nano Reactor® is designed to achieve an improved performance over conventional technologies and covers a wide range of applications in processing large volumes of fluids. In vegetable oil refining, the LPN technology offers an enhanced performance, lower operating expenses, reduced environmental impact, exceptional oil quality, improved shelf life, and reduction of up to 90% of the harsh chemicals used in conventional edible vegetable oil refining processes.

In addition to chemical refining of vegetable oils, CVAT is working on applications for their technology across a variety of industries including the treatment of water in oil and gas and agriculture, as well as in food and beverage, pharmaceutical and medical cannabis industrial coatings, biofuels and others.

About Desmet Ballestra Group:

Desmet is a leading global provider of custom-engineered plants and equipment for the food, feed and biofuels industries. Our reliable and innovative technologies transform oilseeds, grains and tropical oils into protein feed/food, edible oils/fats, oleochemicals and biofuel. Desmet owns proprietary technologies in many areas of the oils and fats industry and offers unique skills and experience in the design and supply of technologies for plants covering all stages of production: preparation and pressing of seeds, extraction of oil and oil refining and fat modification. Desmet possesses a great worldwide reputation, thanks to over 75 years of experience, a significant R&D capacity and the most extensive customer base in the industry. The company has sales and engineering offices in 15 countries.

More information is available at www.desmet.com

About Cavitation Technologies, Inc.

Founded in 2007, the company designs and manufactures innovative flow-through devices and systems, as well as developing processing technologies for use in edible oil refining, renewable fuel production, water treatment, and alcoholic beverage enhancement. The Company's patented Nano Reactor® systems and various technologies have over 40 patents issued and filed both domestically and abroad.https://www.cvatinfo.com.

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Forward-Looking Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by terminology such as ''may,'' ''should,'' ''potential,'' ''continue,'' ''expects,'' ''anticipates,'' ''intends,'' ''plans,'' ''believes,'' ''estimates,'' and similar expressions. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, our ability to perform the installation as anticipated, the state of the economy, the competitive environment and other factors described in our most recent Form 10-K and our other filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. In light of these risks and uncertainties there can be no assurances that the forward-looking statements contained in this press release will in fact transpire or prove to be accurate. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Cavitation Technologies, Inc.
8187180905
info@ctinanotech.com

FAQ

What is the duration of the Global License Agreement renewal between Cavitation Technologies, Inc. and Desmet Ballestra Group s.a.?

The Global License Agreement renewal is for 3 years.

What is the value of the multiple systems order placed by Desmet Ballestra Group s.a.?

Desmet placed a multiple systems order exceeding $650,000.

What technology does Cavitation Technologies, Inc. provide to Desmet Ballestra Group s.a. under the Agreement?

Cavitation provides Desmet with the NANO Neutralization® System incorporating Nano Reactor® devices and Low-Pressure Nano (LPN) technology.

What benefits does the LPN technology offer in vegetable oil refining?

The LPN technology offers enhanced performance, lower operating costs, reduced environmental impact, improved oil quality, and up to 90% reduction in harsh chemicals used in conventional refining processes.

In which industries is Cavitation Technologies, Inc. planning to expand the application of their technology?

CVAT is working on applications for their technology in water treatment in oil and gas, agriculture, food and beverage, pharmaceutical, medical cannabis, industrial coatings, and biofuels.