Cavitation Technologies Inc Stock Price, News & Analysis

Cavitation Technologies, Inc. (CVAT) announced the receipt of two purchase orders for its low-pressure Nano Reactor® System from a biodiesel facility in Colombia, aiming for a production capacity of 400 metric tons per day. This is the company's third installation in Colombia, where biodiesel production has surged significantly, rising from 13.5 million gallons in 2009 to 297.3 million gallons in 2020. CVAT's technology enhances biodiesel quality from low-grade feedstock, offering advantages like reduced operating expenses and environmental impact. The company’s patented systems aim to lower chemical use by up to 90% in oil refining processes, ensuring improved product quality and extended shelf life.

Cavitation Technologies, Inc. (CVAT) is excited to announce a new partnership with Proppant Tech Services, LLC, to address water management challenges in the fracking industry. With fracking operations consuming between 600,000 to 2,500,000 gallons of water, the collaboration aims to implement innovative solutions for reusing treated wastewater. This aligns with the growing demand for sustainable practices in oil and gas operations, particularly as the global frac sand market is set to reach $11.4 billion by 2028, primarily in North America. CTi's technology is expected to enhance efficiency and sustainability in frac sand facilities, promoting water recycling and resource recovery.

Cavitation Technologies, Inc. (CVAT) has announced an update on its patented technology for sulfur removal from bunker fuel, crude oil, and frack water. The technology avoids chemical additives, aiming to produce cleaner fuels with lower sulfur content, thereby reducing harmful emissions. This innovation is particularly timely as the oil and gas industry faces pressure to lower sulfur dioxide emissions, which accounted for 13% of total SO2 emissions in the U.S. in 2020. The company is in discussions for large-scale commercialization of this technology, which supports its commitment to sustainable energy solutions.

Cavitation Technologies, Inc. (CVAT) reported a positive turnaround in its financial health, achieving over $1 million in shareholder equity as of June 30, 2022, up from a $411 thousand deficit the previous year. The company tripled its revenue from $558,000 in 2021 to $1,665,000 in 2022, with expectations for continued growth in 2023. CTi's proprietary technologies, such as Nano Neutralization® and the Nano Reactor®, are designed to enhance fluid processing while reducing environmental impact. Strategic partnerships and joint ventures, including with Desmet Ballestra, further support CTi's market expansion efforts.

Cavitation Technologies, Inc. (OTCQB: CVAT) announced the appointment of James W. Creamer III as Chief Financial Officer, effective October 21, 2022. Creamer brings extensive experience from various publicly traded companies and has served as the Principal of Corporate Solution Advisors since 2011. His background includes investment banking and leadership roles in finance. CEO Neil Voloshin expressed confidence that Creamer's expertise will significantly benefit the company's growth strategy during this critical period. CTi specializes in innovative fluid processing technologies.