Cavitation Technologies enters into Strategic Alliance Agreement with Divine Fuel.
29 Jan 2010
Los Angeles, CA: January 29th, 2010: Cavitation Technologies, Inc. (CTI) (OTCBB: CVAT & Berlin/Stuttgart: WTC) is pleased to announce that it has entered into a Strategic Alliance Agreement with Divine Fuel, LLC with regard to our BioForce 9000 renewable fuel systems www.divinefuel.org .
Divine Fuel, LLC (DF) is a project development company focused on renewable fuels production in Mexico, Guatemala and Peru. After evaluating all available technologies, DF selected CTI's advanced BioForce 9000 system as the technology of choice.
DF has commitments for its first 100 million gallon per year biofuel plant and letters of intent for building nine additional 100 million gallon plants to be constructed over the next three to five years. The projects are being funded by private investors working through a major International bank.