Los Angeles, CA (PRWEB) November 25, 2013
Cavitation Technologies, Inc. (CTI) (OTCBB: CVAT; Berlin & Stuttgart: WTC) announced today that Desmet Ballestra Group and GEA Westfalia Separator Group have entered into a new global technology license, marketing, and collaboration agreement with respect to CTi’s patented Nano Reactor™ technology. Under the new agreement, GEA Westfalia Separator Group has been granted a worldwide exclusive license from Desmet Ballestra and CTi in order to integrate CTi’s Nano Reactor systems into vegetable oil refineries that want to utilize the Nano Neutralization™ process and in other liquid processing solutions for the oils and fats industry. Desmet Ballestra, CTi’s strategic partner since 2010, is the current licensee and worldwide distributor of the company’s Nano-based vegetable oil refining technology.
Roman Gordon, CTi’s CTO, commented, “We immediately recognized the importance of expanding our relationship with GEA Westfalia Separator Group in order to make our technology available to the vegetable oil refining industry on a worldwide basis. We believe that GEA Westfalia Separator Group, being one of the world’s leading engineering firms in diversified industries in the design and construction of processing and refining equipment and systems, and Desmet Ballestra, a leading engineering firm in the natural oils and fats industry, are uniquely positioned to assist CTi in further developing and marketing our nano reactor technology.”
According to Olivier Hanne, Desmet Ballestra’s Sales Director, “After a first stage of technical and commercial development, Nano Neutralization™ is now becoming a standard for the Oils & Fats industry, allowing to considerably save on chemicals consumption like phosphoric acid, citric acid, caustic soda, silica and bleaching earth as well as energy throughout the neutralization process - with a potential yield improvement. We are confident that this agreement between Desmet Ballestra and GEA Westfalia Separator Group will allow more industry players to benefit from this unique technology, with a good return of investment.”
Dr. Stefan Pecoroni, Director Business Line Renewable Resources of GEA Westfalia Separator Group, “To leverage the enormous potential of the nanocavitation technology of CTI subsequent mechanical separation processes need to be adapted and optimized. We are happy to help our customers with our know-how to make full use of the benefits of this technology. In this regard the agreement between GEA Westfalia Separator Group and Desmet Ballestra offers unique chances to all our customers.
Forward Looking Statement
The foregoing press release may contain forward-looking statements, including statements regarding, among other things, about the expectation of CTI's future business. 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 the Company's performance. 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.
Contact Cavitation Technologies, Inc: Jessica Steidinger Jessica(at)ctinanotech(dot)com (818) 718-0905
Investment Relations Contact: Surety Financial Group, LLC (410) 833-0078