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     118  0 Kommentare Cavitation Technologies, Inc. Renews a 3-Year Global R&D, Marketing and Technology License Agreement with Desmet Ballestra Group

    Chatsworth, CA, Dec. 01, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Cavitation Technologies, Inc. (OTCQB: CVAT) renews a new 3-year Global License Agreement with Desmet Ballestra Group s.a. (Desmet), CTi's strategic partner since 2010, who is the current licensee and worldwide distributor of the company's Nano-based vegetable oil refining and biodiesel production technology.

    The Agreement provides Desmet an exclusive license and right to develop, design and supply Cavitation’s NANO Neutralization System which incorporates Nano Reactor devices and newly designed Low-Pressure Nano (LPN) on global basis in fats and oleo chemical applications. The agreement provides for $500,000 annual licensing fee and is set to expire on October 1, 2024.

    Desmet, together with its affiliates, is a global engineering and equipment supply firm engaged in the development, design and supply of process equipment for oils and fats processing facilities including vegetable oil refining, biofuel, oleo chemical, seed crushing, surfactant and detergent markets. Desmet supplies these markets with services based on the latest globally sourced technologies.

    Desmet has relationships with major refiners globally: a significant portion of global vegetable oil refineries include companies such as Archer Daniels Midland Company, Cargill, Inc. and Bunge Limited.

    Neil Voloshin, COO and CFO of Cavitation Technologies, Inc., commented, “Desmet has always been fundamentally important partner to us to identify prospects, complete sales contracts, install the system and manage relationships with end-users. We look forward to strengthening this relationship and expanding our technology offering globally with Desmet. I am confident that this agreement will allow more industry players to benefit from our unique, environmentally friendly technology, with a good return on investment to the end-users.”

    “In addition, CTI and Desmet have previously identified and established several multi-channel relationships for testing and distribution of the LPN systems, as of today, we have had excellent commercial results and anticipate accelerated sales from Desmet in the near future to various customers worldwide,” Mr. Voloshin concluded.

    LPN patented technology is based on cavitation of fluids and fluidic mixtures through the controlled formation of cavitation bubbles and uses the energy released upon the implosion of these bubbles to alter said fluids. The device effectively modifies fluids composed of different compounds by using the implosion energy of cavitation bubbles to improve the homogeny, viscosity, and/or other physical characteristics of the fluids. The result of this process is upgraded or altered products of higher value. This leading-edge technology is designed to achieve improved performance over conventional methods and will cover a wide range of applications where low pressure processing of large volumes of fluids is required.

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    Cavitation Technologies, Inc. Renews a 3-Year Global R&D, Marketing and Technology License Agreement with Desmet Ballestra Group Chatsworth, CA, Dec. 01, 2021 (GLOBE NEWSWIRE) - via NewMediaWire - Cavitation Technologies, Inc. (OTCQB: CVAT) renews a new 3-year Global License Agreement with Desmet Ballestra Group s.a. (Desmet), CTi's strategic partner since 2010, who is the …