Los Angeles, CA (PRWEB) January 17, 2013
Cavitation Technologies, Inc. (CTI) (OTCBB: CVAT; Berlin & Stuttgart: WTC) announced today that the Desmet Ballestra Group, CTI’s strategic partner since 2010 and the licensee of the company’s vegetable oil refining technology, has entered into a sales agreement with an edible oil refinery, in the United States, that produces refined, bleached and deodorized soybean oil. The purchased system, capable of processing 500 tons of soybean oil daily, will be installed in February of 2013.
CTI received the initial down payment in the second quarter of the current fiscal year. The company expects to receive additional revenue from the sales agreement in the third and fourth quarters of current fiscal year, as well. Roman Gordon, CTO, commented, “We are excited that more and more American and international refineries are recognizing the potential of our high-efficiency, green technology!”
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 NanoReactor™ 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 the 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 oleochemical 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/.