Cavitation Technologies Completes Sales Agreement for Another Nano Reactor(R) System in India
8 Dec 2014
LOS ANGELES, Dec. 8, 2014 - Cavitation Technologies, Inc. (CVAT) Berlin: (Stuttgart:WTC) announced today that the Desmet Ballestra Group, CTi's strategic partner since 2010 and licensee of CTi's vegetable oil refining technology, has entered into another sales agreement in India. Desmet will install CTi's Nano Reactor System in a soybean oil refinery in India that processes approximately 300 tons of soybean oil daily. Desmet projects that the new system will be fully installed and operational by the third quarter of CTi's fiscal year 2015.
This installation marks CTi's second system sale in India to date and third in South East Asia, a region with enormous potential in the edible oil processing industry. The Company anticipates additional sales in Southeast Asia in fiscal 2015
About CTI Founded in 2007, the company designs and manufactures state-of-the-art, flow-through, robust devices and systems and develops processing technologies for use in edible oil refining, renewable fuel production, expeditious petroleum upgrading, algal oil extraction, alcoholic beverage enhancement and water treatment. As an add-on to existing neutralization systems, the company's patented Nano-Reactor(R) allows refiners to significantly reduce both processing costs and the environmental impact, while also increasing the yield. More information is available at http://www.ctinanotech.com/.
About Desmet Ballestra Group The Desmet Ballestra Group is a world leader in the fields of engineering and supply of plants and equipment for the oils, fats, animal feed industries, detergents, surfactants and related chemical industries and the oleo-chemical and biodiesel industries. Desmet Ballestra possesses a great worldwide reputation, thanks to over 60 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. In May 2011, the Company signed a three-year licensing agreement with Desmet and since then, Desmet has marketed and installed CTi's Nano-Reactor(R) systems in edible vegetable oil refineries around the world. In May of 2012, CTi signed a global R&D, Marketing and Technology License Agreement with Desmet, which gives CTi the flexibility to pursue new research and applications while Desmet markets CTi's technology to major clients around the world. More information is available at http://www.desmetballestra.com/.
Forward Looking Statement The foregoing press release may contain forward-looking statements, including statements regarding, among other things, about the expectation of CTI's future business. 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, the state of the economy, the competitive environment, and the Company's performance. 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.