Cavitation Technologies, Inc. (CVAT) receives its first purchase order from Vietnam
22 Fevereiro 2017 - 11:30AM
InvestorsHub NewsWire
CHATSWORTH, CA -- February 22, 2017 --
InvestorsHub NewsWire -- Cavitation Technologies, Inc. (CTi)
(OTCQB: CVAT) announced today that their
strategic partner Desmet Ballestra Group, has sold ~100 metric tons
per day (MTPD) CTi Nano Reactor ™ system in Vietnam. This is
the first purchase in that country and the tenth system sale in
Asia.
Based on the USDA Foreign Agricultural Service
GAIN report in 2016, Vietnam continues to rely heavily on imported
crude and refined vegetable oils to meet the growing consumer
demand. Domestically produced crude soybean oil has been
available in the country only since 2011. CTI’s technology will
help increase the market share for Vietnam and increase the yield
of refined oil.
The additional benefits of processing vegetable
oil using CTI Nano Neutralization® process offers
enhanced performance: lowered operating expenses, reduced
environmental impact and exceptional oil quality, improved
shelf life, reduction up to 90% of chemicals used in conventional
edible oil refining process
"We're delighted to receive another purchase
order from our strategic partner Desmet Ballestra. The new system
will be installed in Vietnam and it is the first of its kind in the
country. Asia is a large growing market and we are excited to expand
and install our tenth system.” commented CTi’s CFO and COO Mr.
Voloshin.
The installation survey is currently underway
and the installation of the Nano Reactor ™ system is anticipated in
Q3 or Q4 of this year.
About CTi
Founded in 2007, the company designs and
manufactures state-of-the-art, flow-through, devices and systems as
well as develops processing technologies for use in edible oil
refining, renewable fuel production, expeditious petroleum
upgrading, algal oil extraction, alcoholic beverage enhancement,
water treatment, and the extraction of cannabidiol (CBD). As an
add-on to its existing neutralization systems, the company's
patented Nano Reactor™ allows refiners to significantly reduce both
processing costs and environmental impact, while also increasing
yield. http://www.ctinanotech.com/
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About Desmet Ballestra
Group
The Desmet Ballestra Group provides 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 R&D Team is composed of
professionals specialized in Oils and Fats, oleochemicals and
chemical processes, using the most comprehensive set of
technological resources and equipment. Controlled by Financière
DSBG, a holding company based in Paris, France, the Desmet
Ballestra Group is present in all major market areas of the world
through its integrated business units located in Northern and
Central America (USA, Mexico), South America (Argentina, Brazil,
Colombia), Asia & Far East (PR China, Singapore, Malaysia),
India and Europe (Belgium, Turkey, Russia,
Spain).
Forward Looking
Statement
This release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. In some cases forward-looking statements can be identified
by terminology such as "may," "should," "potential," "continue,"
"expects," "anticipates," "intends," "plans," "believes,"
"estimates," and similar expressions, and include statements
regarding the anticipated installation and the timing of the
installation, our intent 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 expected efforts to be made to enhance our shareholder's value.
These forward-looking statements are based largely on the Company's
expectations and are subject to a number of risks and
uncertainties, certain of which are beyond the Company's control.
Actual results could differ materially from these forward looking
statements as a result of a variety of factors including, among
others, the state of the economy, the competitive environment and
our ability to perform the installation as anticipated and other
factors described in our most recent Form 10-K and our other
filings with the SEC, including subsequent periodic reports on
Forms 10-Q and 8-K. In light of these risks and uncertainties there
can be no assurances that the forward looking statements contained
in this press release will in fact transpire or prove to be
accurate. The information in this release is provided only as of
the date of this release, and we undertake no obligation to update
any forward-looking statements contained in this release on account
of new information, future events, or otherwise, except as required
by law.
Cavitation Technologies, Inc.
Contact:
Investor Relations
Jessica Steidinger
Jessica@ctinanotech.com
Phone (818) 718-0905
Cavitation Technologies (QB) (USOTC:CVAT)
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