Cavitation Technologies Announces Major Technology License With Edible Oil Leader Desmet Ballestra
LOS ANGELES, Jan. 20 /PRNewswire-FirstCall/ — Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: 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.
About Cavitation Technologies
Cavitation Technologies, Inc. (CTI); (OTC Bulletin Board: CVAT); is a “Green-Tech” company, established in 2006 to become a world leader in the development of new cutting edge technologies for the vegetable oil refining, renewable fuel, petroleum, water treatment, wastewater sanitation, food and beverage, and chemical industries. For additional information please visit: www.cavitationtechnologies.com
Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions such as “may,” “could,” or “might” occur. Such statements reflect the current views of CTI with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Cavitation Technologies, Inc. does not undertake any responsibility to update the “forward-looking” statements contained in this news release.
SOURCE Cavitation Technologies, Inc.