Cavitation Technologies, Inc. Announces Purchase Orders for Four Nano Reactor Systems in North America
CHATSWORTH, CA, May 24, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Cavitation Technologies, Inc. (OTCQB: CVAT) (BERLIN: WTC) announced that the Company has completed four sales agreements of the Company’s patented Nano Reactor® systems at vegetable oil refineries in North America. The purchase orders come from previous customers and the Company anticipates receiving an aggregate revenue of approximately
The Nano Reactor® systems are expected to be shipped this fiscal quarter and generating a total revenue of approximately
Neil Voloshin, CFO/COO, commented, “We’re starting to witness a recovery in the vegetable oil refining industry. The pandemic led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges and restructuring for our customers. Both domestically and abroad, vegetable oil production rates in 2020 were lowered and this trend continued into early 2021. However, a strong domestic recovery from the pandemic has increased demand for our systems in North America. Internationally, there is good news as well as the global oilseed farming market is expected to grow from
About Cavitation Technologies, Inc.
Founded in 2007, the company designs and manufactures innovative flow-through devices and systems, as well as develops processing technologies for use in edible oil refining, renewable fuel production, water treatment, and alcoholic beverage enhancement. The company's patented Nano Reactor® systems and various technologies have over 40 patents issued and filed both domestically and abroad. http://www.ctinanotech.com/
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Forward-Looking Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions such as, “The market is expected to reach
Cavitation Technologies, Inc.
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