Desmet Ballestra Will Install CTis System at Edible Oil Refinery in Argentina

Los Angeles, CA (PRWEB) February 01, 2013

Cavitation Technologies, Inc. (CTi) (OTCBB: CVAT: Berlin) (Stuttgart: WTC) announced today that the Desmet Ballestra Group, CTis strategic partner since 2010 and licensee of the companys vegetable oil refining technology, has entered into a sales agreement with an edible oil refinery in Argentina that produces vegetable oil. The purchased system, capable of processing 300 tons of oil daily, will be installed in the third fiscal quarter of 2013.

CTi received the initial down payment in 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 the current fiscal year. In regards to the sales agreement, Dr. Varvara Grichko, CTis Director of R&D, commented, This marks our fourth installation in Argentina and we are pleased that our technology has received such positive reception in this region. We look forward to strengthening our relationships with more edible oil refineries in South America in the future.

About CTi

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 companys patented Nano Reactor

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Desmet Ballestra Will Install CTis System at Edible Oil Refinery in Argentina

Los Angeles, CA (PRWEB) February 01, 2013

Cavitation Technologies, Inc. (CTi) (OTCBB: CVAT: Berlin) (Stuttgart: WTC) announced today that the Desmet Ballestra Group, CTis strategic partner since 2010 and licensee of the companys vegetable oil refining technology, has entered into a sales agreement with an edible oil refinery in Argentina that produces vegetable oil. The purchased system, capable of processing 300 tons of oil daily, will be installed in the third fiscal quarter of 2013.

CTi received the initial down payment in 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 the current fiscal year. In regards to the sales agreement, Dr. Varvara Grichko, CTis Director of R&D, commented, This marks our fourth installation in Argentina and we are pleased that our technology has received such positive reception in this region. We look forward to strengthening our relationships with more edible oil refineries in South America in the future.

About CTi

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 companys patented Nano Reactor

Technorati Tags: , , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Desmet Ballestra Will Install CTis System at Edible Oil Refinery in Argentina

Los Angeles, CA (PRWEB) February 01, 2013

Cavitation Technologies, Inc. (CTi) (OTCBB: CVAT: Berlin) (Stuttgart: WTC) announced today that the Desmet Ballestra Group, CTis strategic partner since 2010 and licensee of the companys vegetable oil refining technology, has entered into a sales agreement with an edible oil refinery in Argentina that produces vegetable oil. The purchased system, capable of processing 300 tons of oil daily, will be installed in the third fiscal quarter of 2013.

CTi received the initial down payment in 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 the current fiscal year. In regards to the sales agreement, Dr. Varvara Grichko, CTis Director of R&D, commented, This marks our fourth installation in Argentina and we are pleased that our technology has received such positive reception in this region. We look forward to strengthening our relationships with more edible oil refineries in South America in the future.

About CTi

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 companys patented Nano Reactor

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Your email address will not be published. Required fields are marked *