CTi Receives 'CE' Marking Certificate Paving Way for Company's Expansion to EU
LOS ANGELES, Nov. 16, 2010 /PRNewswire/ -- Cavitation Technologies, Inc. (CTi) (OTC Bulletin Board: CVAT; Frankfurt/Berlin/Stuttgart: WTC): CTi has received a Certificate and Declaration of Conformity of CE Marking from European based Barclay-Phelps, creating another important milestone for CTi and allowing the company to market its nano reactor in the European Union (EU). With the award of the prestigious "CE" marking, CTi's five different models of its NanoReactors™ comply with European Economic Area (EEA) requirements. The Certificate classifies the reactors within a European Directive that will allow CTi to bypass multiple local approvals in each EU member state, making it easier for CTi to access EU markets. The EU market has a spending power that has been reputed to be greater than that of the United States or Japan.
CTi and Desmet Ballestra Group S.A (www.desmetgroup.com) greeted the news with enthusiasm. On January 20, 2010, Desmet Ballestra, a European based conglomerate and worldwide leader in the design and delivery of advanced processing systems for vegetable (edible) oil extraction and refining facilities throughout the world, has entered into a worldwide licensing and distribution agreement with CTi. The Certificate is seen as yet another positive development that will accelerate the commercialization of CTi's NanoReactor™ technology in Europe and allow CTi and Desmet to make Nano Neutralization™ available to the vegetable oil refining industry on a worldwide basis.
CTi's Certificate notes that its five approved NanoReactors™ conform with test results confirmed by the U.S.-based laboratory's testing facility. F-Squared Laboratories, which conducted the tests, claims to have a management team with over 100 years of combined experience in EMC/Safety testing, RF, quality, design, and certifications. The Certificate was signed by CTi's CEO Roman Gordon on November 10th.
About CTi
CTi (OTCBB: CVAT; Frankfurt, Berlin & Stuttgart: WTC) is a technology research, development and technology company engaged primarily in the development of environmentally clean NanoReactor™ technologies and liquid process applications and solutions in various fields and industries, including vegetable oil processing and refining; renewable fuels; petroleum refining and petrochemicals; water and wastewater treatment; and the food and beverage industries.
This press release contains forward-looking statements, including without limitation those about the Company's business, plans and strategies. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of business, economic and competitive market conditions; business decisions by suppliers, licensees and customers concerning the Company's technologies and products; the Company's ability to develop new or additional technologies, applications and processes in various fields and industries and to stimulate customer demand for its technologies and products; the size and growth of markets for the Company's technologies and products; the Company's ability to implement licensing and marketing strategies, including execution of revenue generation strategies and models; the continued availability of essential components and services that are currently obtained from sole or limited sources; the Company's ability to protect its intellectual property in international markets; the success of patent licensing and marketing strategies and objectives; the success of business relationships with licensees, partners, suppliers and customers; the timing and successful completion of research & development projects, whether existing or new patent applications will be granted; the potential for infringement of the Company's intellectual property by others, and the timely completion of acquisitions; the ability of the Company to fund its capital requirements; and its ability to attract and retain key personnel.
Additional information on potential factors that could affect the Company's performance or financial results is included from time to time in the Company's public reports filed with the SEC. The Company assumes no obligation to revise or update any forward-looking statements or information, which are effective or apply only as of their respective dates of publication.
References to CTi, the CTi logo, Nano Reactor™ system, Nano Reactors™, Nano Neutralization™ and other terms that describe the Company's technologies, applications, processes and products are trademarks of the Company. Other company and product names may be trademarks of their respective owners.
SOURCE CTi
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