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Cavitation Technologies, Inc. reports developments around its fluid-processing technology business and its expansion into water treatment and digital payment infrastructure. The company designs and manufactures flow-through nano-technology systems for fluid processing applications, including Nano Reactor® systems and Cavitation Non-Thermal Plasma™ technology for water treatment, remediation, PFAS removal, and other industrial uses.
Recurring updates include pilot and partnership activity for cavitation-based systems, subsidiary developments at XYRA Corp., license agreements and market expansion for remittances, fintech, and crypto-asset transactions, and governance changes. CVAT announcements also reference shareholder voting matters, capital-structure disclosures, material agreements, and board or advisory roles tied to its operating subsidiaries and technology commercialization efforts.
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.
Cavitation Technologies, Inc. (CVAT) announced the sale of two LPN Nano Reactor™ systems to a soybean oil refinery in India, marking the 11th deployment of these systems in the country. The soy oil market, which accounts for 29.6% of the global vegetable oils market, is experiencing increased demand, particularly in Asia-Pacific due to rising consumer purchasing power. The LPN technology enhances oil refining processes, reducing operational costs and environmental impact. The company aims to continue expanding its market presence, particularly in renewable fuel sectors.
Cavitation Technologies, Inc. (CVAT) announced the sale of two Nano Reactor® Systems for a soybean oil refinery in India. This marks the company's 10th system sale in India and the 16th in Southeast Asia. The technology aims to enhance vegetable oil refining, reducing environmental impact and operating costs significantly while improving oil quality. The LPN system can handle approximately 900 metric tons per day. The shipment is anticipated to complete within the current quarter, reflecting CTi's commitment to addressing global food supply challenges through innovative solutions.
Cavitation Technologies, Inc. (OTCQB: CVAT) announced the addition of Jonathan Severn to its Advisory Board to address water treatment needs in Southern California due to ongoing drought issues. CEO Neil Voloshin emphasized Severn's leadership in tackling water shortages impacting agriculture and communities. Severn highlighted the potential of CTi's eco-friendly technology for treating produced water. The company, founded in 2007, specializes in innovative fluid processing technologies and holds over 40 patents.
Cavitation Technologies, Inc. (CVAT) has received a purchase order for its low-pressure Nano Reactor® System from Desmet Ballestra for a client in Mexico, marking its ninth order this quarter. This technology is aimed at enhancing vegetable oil refining processes, reducing chemical usage, and improving oil yield by over 0.5%, with some cases exceeding 3%. The rise in vegetable oil prices has prompted the need for sustainable refining methods. The company plans to expand its eco-friendly technology to various sectors, including food and beverage and pharmaceuticals.
Cavitation Technologies, Inc. (CVAT) announced that COO Neil Voloshin's interview aired on The RedChip Money Report® on Bloomberg TV on June 4, 2022. The program, which reaches approximately 73 million homes in the U.S., provides insights into small-cap investing and features interviews with company executives and Wall Street analysts. The company specializes in innovative flow-through devices and technologies for various industries including edible oil refining and renewable fuel production, holding over 40 patents.
Cavitation Technologies, Inc. (CVAT) has launched a Water Remediation Pilot and Feasibility Study in South Africa, with a budget of $1.7 million from the U.S. Trade and Development Agency. The initiative, sponsored by the University of Cape Town’s Future Water Institute, aims to address water scarcity and wastewater challenges. CVAT's proprietary technology seeks to enable cost-effective water supply and wastewater recycling. The global market for wastewater technologies was valued at $21.3 billion in 2021 and is expected to grow to $40.5 billion by 2026.
Cavitation Technologies, Inc. (CVAT) announced two purchase orders for its low-pressure Nano Reactor® System from Mexico for vegetable oil refining, with two additional orders anticipated from India this quarter. Global Technology Manager Roman Gordon emphasized the technology's economic benefits and its potential to maximize shareholder returns. The Nano Reactor® System improves operational efficiency, reduces costs and environmental impact, and enhances oil quality, with applications beyond vegetable oils in food, water, pharmaceuticals, and fuels.