Cavitation Technologies, Inc. has Renewed a 3-year Agreement With Desmet Ballestra Group s.a. and Received a $650,000 Purchase Order
CAVITATION TECHS INC (CVAT)
NASDAQ:AMEX Investor Relations:
ctinanotech.com
Company Research
Source: GlobeNewswire
CHATSWORTH, CA, Feb. 15, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Cavitation Technologies, Inc. ("CTi" or the "Company") (OTCQB:CVAT ), a leading ESG company designing and manufacturing innovative flow-through nano-technology systems for fluid processing applications worldwide, renews a 3-year Global License Agreement with Desmet Ballestra Group s.a. (Desmet), CTi's strategic partner since 2010. Desmet is a worldwide distributor of the Company's Nano-based vegetable oil refining and biodiesel production technology. In addition, Desmet has placed a multiple systems order in excess of $650,000, which is expected to be shipped in CTI’s current Fiscal Quarter. The Agreement provides Desmet an exclusive license and right to develop, design and supply Cavitation’s NANO Neutralization® System which incorporates Nano Reactor® devices and newly designed Low-Pressure Nano (LPN) on a global basis in fats and oleo chemical applications. The terms of the agreement are virtually simil
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