Los Angeles, CA (PRWEB) October 06, 2015
Cavitation Technologies, Inc. (CVAT) Berlin: (Stuttgart: WTC) announced today that the Desmet Ballestra Group, CTi's strategic partner since 2010 has entered into a new sales agreement with a soybean oil refinery in Japan. This oil refinery processes approximately 300MTPD of soybean oil and Desmet anticipates system installation in the second quarter of CTi’s fiscal year 2016.
With multiple installations worldwide, this new order marks CTi’s sixth system sale in East Asia to-date, a region that provides enormous business opportunity for company’s line of products in edible oil processing and refining.
President Igor Gorodnitsky comments, “We are very pleased to have a new system sale in Japan. Desmet Ballesta Group and CTi jointly worked on providing technical and engineering data to this customer who had an opportunity to visit several plants in US and evaluate significant benefits that our technology brings in vegetable oil refining prior to purchasing the system”.
Founded in 2007, the company designs and manufactures state-of-the-art, flow-through, robust devices and systems and develops processing technologies for use in edible oil refining, renewable fuel production, expeditious petroleum upgrading, algal oil extraction, alcoholic beverage enhancement and water treatment. As an add-on to existing neutralization systems, the company's patented Nano-Reactor® allows refiners to significantly reduce both processing costs and the environmental impact, while also increasing the yield. More information is available at http://www.ctinanotech.com/.
About Desmet Ballestra Group
The Desmet Ballestra Group is a world leader in the fields of engineering and supply of plants and equipment for the oils, fats, animal feed industries, detergents, surfactants and related chemical industries and the oleo-chemical and biodiesel industries. Desmet Ballestra possesses a great worldwide reputation, thanks to over 60 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. More information is available at http://www.desmetballestra.com/ .
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.
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