CTI Enters Into an Agreement to Install Its Proprietary System at a Major U.S. Vegetable Oil Refinery
LOS ANGELES, April 13 /PRNewswire-FirstCall/ — Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT; Berlin/Stuttgart: WTC) is pleased to announce that it has entered into an agreement with a U.S.-based vegetable oil refiner that provides for installation of CTI’s Green D Plus Nano Cavitation System to a vegetable oil refining facility located in Minnesota. CTI’s proprietary system is designed for use in refining, extraction and processing crude vegetable oils into edible consumer food products. This is the second agreement that has been secured by CTI this month and continues its emerging strategy of marketing its proprietary system to vegetable oil refiners located throughout the world.
On January 20, 2010, CTI announced that it had entered into a worldwide licensing and distribution arrangement for its Green D Plus System with Desmet Ballestra (www.desmetgroup.com), a worldwide leader in the design and delivery of advanced processing systems to vegetable oil extraction and refining facilities.
According to Roman Gordon, Chief Executive Officer of CTI, “This is a big step forward for our company with the agreement to install our technology in one of the world’s largest soybean oil extraction plants, that processes about 6,000 tons of soybeans per day.”
Explaining the potential impact of the Minnesota agreement, Mr. Gordon further commented, “This second installation could lead to installation of additional systems at the same facility and can put us on track to meet our goals for this year. We believe the worldwide vegetable oil refining market provides substantial opportunities for CTI and anticipate a large increase in the interest given to our technology and its applications.”
About Cavitation Technologies
Cavitation Technologies, Inc.; (OTCBB: CVAT); is a “Green-Tech” company, established in 2006 to become a world leader in the development of new cutting edge technologies for the: edible oils processing, renewable fuel, petroleum refining, water treatment, wastewater sanitation, petroleum, food, 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.