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First Commercial Startup of CTI's Proprietary System a Huge Success 5/20/2010 3:30 AM - PR Newswire LOS ANGELES, May 20, 2010 /PRNewswire via COMTEX News Network/ -- Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT; Berlin/Stuttgart: WTC) is pleased to announce the startup of its Green D Plus Nano Cavitation Reactor System at a 200 metric ton/day vegetable oil refining facility located in South Carolina. CTI's Nano Cavitation System consists of equipment manufactured to CTI's specifications and operated with proprietary technology. The system is designed for use in refining and processing vegetable oils into edible consumer food products and for other liquids applications and processes. According to Roman Gordon, CTI's CEO, "We are very pleased with the performance of our system. It has exceeded all our expectations in the first two weeks of its operation. We are excited by the fact that our process during this initial operation reduced and in some cases eliminated the use of certain chemicals. We have also observed substantial improvement in overall performance of the refinery. Due to the successes of this trial, we now have orders for two additional pilot systems." On January 20, 2010, CTI announced that it had entered into a worldwide licensing and marketing arrangement for its Green D Plus System with Desmet Ballestra, a worldwide leader in the design and delivery of advanced processing systems for vegetable (edible) oil extraction and refining facilities throughout the world. The startup and initial operation of CTI's system at the South Carolina facility is the first commercial deployment of CTI's technology in the vegetable oil industry. Commenting on the initial results of CTI's system, the General Manager of the South Carolina facility stated, "The results we are getting with the CTI technology are way beyond our expectations." Tim Kemper, CEO of Desmet Ballestra North America, further commented, "I think this technology really has the potential to be the biggest improvement that the refining industry has seen in decades. We are very pleased with the results." 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. Copyright (C) 2010 PR Newswire. All rights reserved |
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| aus der Diskussion: | CAVITATION TECH NEWS THREAD |
| Autor (Datum des Eintrages): | dachs001 (20.05.10 09:54:57) |
| Beitrag: | 77 von 82 (ID:39552968) |
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