Cavitation Technologies, Inc. has Renewed a 3-year Agreement With Desmet Ballestra Group s.a. and Received a $650,000 Purchase Order

CHATSWORTH, CA, Feb. 15, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Cavitation Technologies, Inc. ("CTi" or the "Company") (OTCQB:CVAT ), a leading ESG company designing and manufacturing innovative flow-through nano-technology systems for fluid processing applications worldwide, renews  a 3-year Global License Agreement with Desmet Ballestra Group s.a. (Desmet), CTi's strategic partner since 2010. Desmet is a worldwide distributor of the Company's Nano-based vegetable oil refining and biodiesel production technology. In addition, Desmet has placed a multiple systems order in excess of $650,000, which is expected to be shipped in CTI’s current Fiscal Quarter.

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 a global basis in fats and oleo chemical applications.

The terms of the agreement are virtually similar to the Agreement signed in October 2021.

Desmet is a leading global provider of custom-engineered plants and equipment for the food, feed and biofuels industries. Desmet possesses a great worldwide reputation, thanks to over 75 years of experience, a significant R&D capacity and the most extensive customer base in the industry. The company has sales and engineering offices in 15 countries.

“We are pleased to strengthen our partnership with Desmet, as it has proven to be highly beneficial for both parties. This ongoing collaboration is introducing CTi to more customers, allowing us to showcase our ESG-friendly nanotechnology to the world,” commented Neil Voloshin, CEO of Cavitation Technologies, Inc.

“CTi possesses innovative technology that has demonstrated exceptional productivity across various applications worldwide. With more developments on the horizon, we envision an opportunity for growth and success in the future between our Companies,” concluded Mr. Voloshin.

Technology Overview:

The LPN multistage Nano Reactor is designed to achieve an improved performance over conventional technologies and covers a wide range of applications in processing large volumes of fluids. In vegetable oil refining, the LPN technology offers an enhanced performance, lower operating expenses, reduced environmental impact, exceptional oil quality, improved shelf life, and reduction of up to 90% of the harsh chemicals used in conventional edible vegetable oil refining processes.