Cavitation Technologies Announces Major Technology License with Edible Oil Leader Desmet Ballestra
20 Jan 2010
Los Angeles, CA: January 20th, 2010: Cavitation Technologies, Inc. (CTI) (OTCBB: CVAT & Berlin/Stuttgart: WTC) reports executing a Worldwide License and Distribution Agreement for CTI's Green D Plus Nano Cavitation Reactor Systems with Desmet Ballestra Group www.desmetgroup.com
Desmet Ballestra Group (DBG) is the market leader providing the most advanced and efficient processing equipment and systems to the $100 Billion Dollar a year food oil extraction and refining industry. DBG has 1,300 employees and has 17 global and 8 representative offices throughout the world and over 4,800 plant installations since its founding in 1946.
According to industry analysts, this new technology can save a minimum $1.26 per ton of oil processed. Worldwide, more than 163 million tons of edible oils are produced and consumed each year of which 57 million tons is soy and canola oil. Conservatively estimated, implementation of CTI Green D Plus Nano Cavitation Technology will save the industry more than $70 Million USD every year for soy and canola installations alone. CTI projects significant revenue within the next 12 months having initial commitment for at least 20 plant installations annually.