Cavitation Technologies, Inc. has Renewed a 3-year Agreement With Desmet Ballestra Group s.a. and Received a $650,000 Purchase Order [Yahoo! Finance]
CAVITATION TECHS INC (CVAT)
NASDAQ:AMEX Investor Relations:
ctinanotech.com
Company Research
Source: Yahoo! Finance
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(R) System which incorporates Nano Reactor(R) 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 similar to the Agreement signed in October 2021. Desmet is a leading global provider of custom-engineered plants and equipment for the food, feed and biofuels industri
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