CHATSWORTH, CA / ACCESSWIRE / January 30, 2017 / Cavitation Technologies, Inc. (CTi) (OTCQB: CVAT) (BERLIN: WTC) (STUT: WTC) (FRANKFURT: WTC), received a new purchase order from Desmet Ballestra Group, CTi's strategic partner and licensee of the company's vegetable oil refining technology since 2010. CTi Nano Reactor™ systems are to be installed for use in soybean oil refineries in Thailand ~700 and ~400 metric tonnes per day (MTPD). The company anticipates the systems installations to be completed in the company's fiscal 4th Quarter 2017 and receive approximately $500,000 in revenue.
Cavitation Technologies, Inc COO/CFO N.D.Voloshin said, "For the past 6 years, our continuous R&D and Business relationship with Desmet Ballestra has been steadily growing and through a dedicated and focused approach to integrate CTi's nano technology to customers worldwide, this latest order comes from the soybean oil refinery in Thailand, our company's first system installation in the country."
Founded in 2007, the company designs and manufactures state-of-the-art, flow-through, devices and systems as well as 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 its existing neutralization systems, the company's patented Nano Reactor™ allows refiners to significantly reduce both processing costs and environmental impact, while also increasing yield. http://www.ctinanotech.com/
About Desmet Ballestra Group:
The Desmet Ballestra Group provides 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 R&D Team is composed of professionals specialized in Oils and Fats, oleochemicals and chemical processes, using the most comprehensive set of technological resources and equipment. Controlled by Financière DSBG, a holding company based in Paris, France, the Desmet Ballestra Group is present in all major market areas of the world through its integrated business units located in Northern and Central America (USA, Mexico), South America (Argentina, Brazil, Colombia), Asia & Far East (PR China, Singapore, Malaysia), India and Europe (Belgium, Turkey, Russia, Spain).
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, and include statements regarding the anticipated installation and the timing of the installation, our intent to continue to focus on research and development, marketing and sales of our unique technology, our belief that our company is positioned for accelerated growth and the expected efforts to be made to enhance our shareholder's value. 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, the continued success of our relationship with Desmet and our ability to perform the installation as anticipated 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.
Phone: (818) 718-0905
SOURCE: Cavitation Technologies, Inc.