Cavitation Technologies, Inc. Receives Purchase Order for Biodiesel Nano Reactor System in South America Other OTC:CVAT
CHATSWORTH, CA, March 1, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Cavitation Technologies, Inc. (OTCQB: CVAT) (BERLIN: WTC) announced that Desmet Ballestra Group, CVAT’s strategic partner since 2010, has signed a sales agreement for has completed The Nano Reactor® system with a biodiesel refinery in South America and the company is anticipating sales of around $ 190,000,000.
In addition to the existing neutralization and pretreatment, where the company’s patented technology is able to reduce oil loss, the amount of caustic and acid required for neutralization. The CVAT Biodiesel Nano Reactor® was developed for the use of various raw materials such as soybean oil, rapeseed oil, palm oil and tallow. Desmet Ballestra has developed an esterification technology that makes it possible to process a wide range of high acid raw materials such as fatty acid distillate and acidic oleine with desalinated concentrated glycerin to obtain a neutral esterified oil suitable for the production of biodiesel. At the same time, it can combine and use the lowest cost raw material processing available by Biodiesel Nano Reactor®. The quality of biodiesel produced using Biodiesel Nano Reactor® from inferior feedstock has been found to be superior to the quality of biodiesel produced using conventional processes and technologies.
“This order marks our company’s second sale of biodiesel systems in South America. The total value for this installation is approximately $ 190,000,” said Neil Voloshin, COO / CFO. “Our Nano Reactor® system offers the biodiesel processing industry an innovative technology that enables manufacturers in the region to benefit from the use of multiple raw materials, higher yields and improved productivity. We believe this second order signals the growing adoption of our unique technology in South America and offers our company great business opportunities going forward. “
About Cavitation Technologies, Inc.
Founded in 2007, the company designs and manufactures innovative flow devices and systems and develops processing technologies for refining edible oil, producing renewable fuels, treating water and improving alcoholic beverages. Over 40 patents in Germany and abroad have been granted and registered for the company’s patented Nano Reactor® systems and various technologies. http://www.ctinanotech.com/
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About Desmet Ballestra Group
The Desmet Ballestra Group offers engineering and supply of plants and equipment for the following industries worldwide:
- Oils and fats and animal feed
- Detergents, surfactants and related chemicals
- Oleochemical and biodiesel
Desmet Ballestra’s research and development team is made up of professionals specializing in oils and fats, oleochemicals and chemical processes, utilizing the most extensive technological resources and equipment. The Desmet Ballestra Group is controlled by Financière DSBG, a holding company based in Paris, France, and is represented in all major market areas of the world through its integrated business units in North and Central America (USA, Mexico) and South America (Argentina). Brazil, Colombia), Asia and the Far East (PR China, Singapore, Malaysia), India and Europe (Belgium, Turkey, Russia, Spain). http://www.desmetballestra.com/
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some instances, forward-looking statements may be identified by terminology such as “may,” “should,” “potentially,” “continue”. “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates” and similar expressions and includes statements such as expected sales of approximately $ 190,000, our intention to continue to focus on research and development , Marketing and sales of our unique technology, our belief that our company is positioned for accelerated growth, and the anticipated efforts to add value to our shareholders. These forward-looking statements are based largely on the company’s expectations and are subject to a number of risks and uncertainties, some of which are beyond the control of the company. Actual results could differ materially from these forward-looking statements due to a number of factors including, but not limited to, economic conditions, the competitive landscape, and our ability to perform the installation as expected, as well as other factors described in our most recent Form 10-K description and our others filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. Given these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this press release will prove to be accurate or proven. The information in this press release is provided only as of the date of this publication. We undertake no obligation to update any forward-looking statements in this press release as a result of new information, future events or otherwise, except as required by law.