Cavitation Technologies, Inc. Receives Purchase Order for Nano Reactor System in North America Other OTC:CVAT
Chatsworth, CA, March 17, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Cavitation Technologies, Inc. (OTCQB: CVAT) (BERLIN: WTC) announced that Desmet Ballestra Group, CVAT’s strategic partner since 2010, has signed a sales agreement completed CVAT’s Nano Reactor® system at a vegetable oil refinery in North America. The company expects sales of approximately $ 110,000 for this order.
CVAT’s Nano Reactor® system is designed to refine various edible oils such as vegetable oil, soybean oil, rapeseed oil, palm oil and even tallow. CVAT’s process and system offers improved performance, lower operating costs, lower environmental impact, exceptional oil quality, improved shelf life and a reduction of up to 90% in the harsh chemicals used in traditional cooking oil refining.
“Our strategic partnership with Desmet Ballestra over the past decade has been instrumental in delivering our technology and systems worldwide,” said Neil Voloshin, COO / CFO. “We look forward to continuing our relationship and working with Desmet as we anticipate accelerated global systems sales in the coming months.”
About Cavitation Technologies, Inc.
Founded in 2007, the company designs and manufactures innovative flow devices and systems, and develops processing technologies for refining edible oil, producing renewable fuels, treating water and improving alcoholic beverages. Over 40 patents in Germany and abroad have been granted and registered for the company’s patented Nano Reactor® systems and various technologies. http://www.ctinanotech.com/
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About Desmet Ballestra Group
The Desmet Ballestra Group offers engineering and supply of plants and equipment for the following industries worldwide:
- Oils and fats and animal feed
- Detergents, surfactants and related chemicals
- Oleochemical and biodiesel
Desmet Ballestra’s research and development team is made up of professionals who specialize in oils and fats, oleochemicals and chemical processes, utilizing the most extensive technological resources and equipment. The Desmet Ballestra Group is controlled by Financière DSBG, a holding company based in Paris, France, and is represented in all major market areas of the world through its integrated business units in North and Central America (USA, Mexico) and South America (Argentina). Brazil, Colombia), Asia and the Far East (PR China, Singapore, Malaysia), India and Europe (Belgium, Turkey, Russia, Spain). http://www.desmetballestra.com/
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some instances, forward-looking statements may be identified by terminology such as “may,” “should,” “potentially,” “continue”. “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates” and similar expressions and includes statements such as expected sales of approximately $ 110,000. These forward-looking statements are based largely on the company’s expectations and are subject to a number of risks and uncertainties, some of which are beyond the control of the company. Actual results could differ materially from these forward-looking statements due to a number of factors including, but not limited to, economic conditions, the competitive landscape, and our ability to perform installation as expected, as well as other factors described in our most recent 10-K and our others in the SEC filings, including subsequent periodic reports on Forms 10-Q and 8-K. Given these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this press release will prove to be accurate or proven. The information in this press release is provided only as of the date of this publication. We undertake no obligation to update any forward-looking statements in this press release as a result of new information, future events or otherwise, except as required by law.
Cavitation Technologies, Inc.