CHATSWORTH, CA / ACCESSWIRE / February 22, 2017 / Cavitation Technologies, Inc. (CTi) (OTCQB: CVAT) announced today that their strategic partner, Desmet Ballestra Group, has sold ~100 metric tons per day (MTPD) of the CTi Nano ReactorTM system in Vietnam. This is the first purchase in that country, and the tenth system sale in Asia.
Based on the USDA Foreign Agricultural Service GAIN report in 2016, Vietnam continues to rely heavily on imported crude and refined vegetable oils to meet the growing consumer demand. Domestically produced crude soybean oil has been available in the country only since 2011. CTi's technology will help increase the market share for Vietnam and increase the yield of refined oil.
The additional benefits of processing vegetable oil using the CTI Nano Neutralization® process offers enhanced performance, lowered operating expenses, reduced environmental impact and exceptional oil quality, improved shelf life, reduction up to 90% of chemicals used in conventional edible oil refining process.
"We're delighted to receive another purchase order from our strategic partner, Desmet Ballestra. The new system will be installed in Vietnam and it is the first of its kind in the country. Asia is a large growing market and we are excited to expand and install our tenth system," commented CTi's CFO and COO Mr. Voloshin.
The installation survey is currently underway and the installation of the Nano Reactor ™ system is anticipated in Q3 or Q4 of this year.
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, water treatment, and the extraction of cannabidiol (CBD). 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/
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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 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.