CHATSWORTH, CA / ACCESSWIRE / July 19, 2017 / Cavitation Technologies, Inc. (CTi) (OTCQB: CVAT) (BERLIN: WTC), received a purchase order from Desmet Ballestra Group, CTi's strategic partner and licensee of the company's vegetable oil refining technology since 2010. CTi's Nano Reactor™ system is to be installed for use in a soybean oil refinery in Thailand with ~700 metric tonnes per day (MTPD). This is the second purchase order the company received in Thailand this year. The company anticipates the system shipment to be completed in the company's fiscal 1st Quarter 2018 and receive approximately $325,000 in revenue.
Cavitation Technologies, Inc. Global Technology Manager, Roman Gordon said, "This is the first purchase order we received in Fiscal 2018 through our strategic partnership with Desmet Ballestra. We continuously dedicate our efforts to develop new technologies and products to enhance our shareholders value and focus on sales efforts to customers worldwide. This latest order comes from the soybean oil refinery in Thailand, our company's second system installation in the country."
About CTi
Founded in 2007, the company designs and manufactures state-of-the-art, flow-through, devices and systems as well as develops processing technologies for use in edible oil refining, renewable fuel production, expeditious petroleum upgrading, algal oil extraction, alcoholic beverage enhancement, water treatment, and the extraction of cannabidiol (CBD). As an add-on to its existing neutralization systems, the company's patented Nano Reactor™ allows refiners to significantly reduce both processing costs and environmental impact, while also increasing yield. http://www.ctinanotech.com/
About Desmet Ballestra Group
The Desmet Ballestra Group provides engineering and supply of plants and equipment for the following industries worldwide:
- Oils and Fats and Animal Feed
- Detergents, Surfactants and related Chemicals
- Oleochemical and Biodiesel
Desmet Ballestra's R&D Team is composed of professionals specialized in Oils and Fats, oleochemicals and chemical processes, using the most comprehensive set of technological resources and equipment. Controlled by Financière DSBG, a holding company based in Paris, France, the Desmet Ballestra Group is present in all major market areas of the world through its integrated business units located in Northern and Central America (USA, Mexico), South America (Argentina, Brazil, Colombia), Asia & Far East (PR China, Singapore, Malaysia), India and Europe (Belgium, Turkey, Russia, Spain). http://www.desmetballestra.com/
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LOS ANGELES, CA / ACCESSWIRE / May 25, 2017 / On May 22, 2017, Cavitation Technologies, Inc. (OTCQB: CVAT; Berlin: WTC), announced financial results for the fiscal quarter ended on March 31, 2017.
The company reported record quarterly revenues of 1,381,000, a 1,525% increase compared to revenue of $85,000 in the quarter of the prior fiscal year. Net income for its third fiscal quarter ended March 31, 2017 was also a record $569,000 compared to a net loss of ($64,000) in the same period of the prior fiscal year. Below are the results of operations for the recent fiscal quarter:
"We had record revenue and profit in the fiscal third quarter of 2017," said Neil Voloshin, COO/CFO of Cavitation Technologies, Inc. "Our primary sales targets this quarter were in North America and Europe. Additionally, CTi signed a strategic license, marketing and R&D agreement with GEA Group, Westfalia and this agreement covers new applications for our technology in water treatment and food processing. We are pleased that our diversified business model and strategic partnerships have continued to work well and we expect that it will provide us an opportunity for accelerated global sales growth," concluded Mr. Voloshin.
Other highlights for the quarter included:
- Design and development of home unit to enhance taste and reduce dehydration in spirits and wines
- First Commercial bio-diesel system trial in Columbia
- Investor updates on social media: LinkedIn, Twitter and Facebook
- Investor web page: CVAT.INFO
About CTi
Founded in 2007, the company designs and manufactures state-of-the-art, flow-through, devices and systems as well as develops processing technologies for use in edible oil refining, renewable fuel production, expeditious petroleum upgrading, algae oil extraction, alcoholic beverage enhancement and water treatment. As an add-on to its existing neutralization systems, the company's patented Nano Reactor™ allows refiners to significantly reduce both processing costs and environmental impact, while also increasing yield.
About GEA
GEA is one of the largest suppliers for the food processing industry and a wide range of process industries that generated consolidated revenues of approximately EUR 4.6 billion in 2015. As an international technology group, the Company focuses on process technology and components for sophisticated production processes in various end-user markets. The Group generates more than 70 percent of its revenue in the food sector that enjoys long-term sustainable growth. As of December 31, 2016, the Company employed about 17,000 people worldwide. GEA is a market and technology leader in its business areas. The Company is listed on the German MDAX (G1A, WKN 660 200). In addition, GEA's share is a constituent of the MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com. If you do not want to receive any further information from GEA, please send an email to pr@gea.com.