Success of Two Month Pilot Program With Carolina Soya Paves the Way for CTI's First Commercial Deployment
LOS ANGELES, Aug. 19 /PRNewswire-FirstCall/ -- Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT; Berlin/Stuttgart: WTC) is pleased to announce that its Green D Plus Nano Refining System is now in commercial operation at Carolina Soya, LLC, a vegetable oil refining facility located in South Carolina. The System is designed for use in refining and processing vegetable oils into edible consumer food products and for other liquid applications and processes.
After recently completing a pilot test spanning over two months of continuous operation, CTI's system has been fully integrated into the Carolina Soya facility and is being operated under an equipment leasing arrangement developed with CTI.
Commenting on the CTI system, Paul E. Hankey, Jr., General Manager of Carolina Soya, recently stated, "The operation of the Green D Plus Nano Refining System has been straightforward and simple . . . and will continue to be a significant processing improvement for our refinery."
On January 20, 2010, CTI announced that it had entered into a worldwide licensing and distribution agreement for its Green D Plus System with Desmet Ballestra, a worldwide leader in the design and delivery of advanced processing systems for vegetable (edible) oil extraction and refining facilities throughout the world. The CTI System being operated at Carolina Soya is the first commercial deployment of CTI's technology in the vegetable oil industry.
Tim Kemper, CEO of Desmet Ballestra North America, added, "I think this technology really has the potential to be the biggest improvement that the refining industry has seen in decades."
About Cavitation Technologies
Cavitation Technologies, Inc. (CTI); (OTC Bulletin Board: CVAT); is a "Green-Tech" company, established in 2006 to become a world leader in the development of new cutting edge technologies for the vegetable oil refining, renewable fuel, petroleum, water treatment, wastewater sanitation, food and beverage, and chemical industries. For additional information please visit: www.cavitationtechnologies.com
Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions such as "may," "could," or "might" occur. Such statements reflect the current views of CTI with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Cavitation Technologies, Inc. does not undertake any responsibility to update the "forward-looking" statements contained in this news release.
SOURCE Cavitation Technologies, Inc.
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