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) provided an update on its recent developments, highlighting growth across its business despite challenging conditions. The company is pursuing a $5 million non-dilutive financing to expand without affecting existing shareholder equity. Additionally, a partnership in the works for Barmuze aims to enhance its market presence, while collaborations with the South African government are focused on water treatment solutions. The company emphasizes its strong patent portfolio and commitment to innovation as it moves forward in 2022.
Cavitation Technologies, Inc. (OTCQB: CVAT) provided a shareholder update and year-end results for 2021. The company highlights significant advancements in its frack water treatment operations in the Permian Basin and the launch of their first mobile treatment system, improving processing capacity. A collaboration with Partnership International aims to enhance sustainable development. Key achievements include a $190,000 purchase order from a South American biodiesel refinery and a renewed global licensing agreement worth $500,000 annually. The company received four new patents, totaling over 40 worldwide.
Cavitation Technologies (CVAT) has renewed a 3-year Global License Agreement with Desmet Ballestra Group, its partner since 2010. The agreement grants Desmet exclusive rights to develop and supply Cavitation's NANO Neutralization® System globally, including a $500,000 annual licensing fee, effective until October 1, 2024. Desmet is a significant player in the oils and fats processing industry, collaborating with major refiners like Archer Daniels Midland, Cargill, and Bunge. The agreement aims to enhance the global distribution of Cavitation's environmentally friendly technology, potentially leading to improved financial performance.
Cavitation Technologies, Inc. (CVAT) announced a successful $1,500,000 equity financing at 6.5 cents per unit, selling approximately 23 million units. This capital enables increased production rates of its produced water treatment technology in the Permian Basin. Currently treating 8,000 barrels per day (bbl/d), the company expects to ramp up to 25,000 bbl/d soon. COO Neil Voloshin highlighted growing opportunities due to disposal constraints in the industry. The company is poised for recovery as the oil and gas sector rebounds in Texas and New Mexico, planning for nearly full production by Fiscal Q2 2022.
Cavitation Technologies, Inc. (CVAT) announces the addition of Dr. R. Gerald Bailey to its board of directors. With over 50 years in the petroleum industry, Dr. Bailey's past roles include President of Exxon - Arabian Gulf and significant positions in various oil and gas companies. His expertise in water treatment technology is expected to enhance the company's prospects in optimizing oil recovery while promoting environmental sustainability. The firm, established in 2007, is known for its innovative systems that focus on water treatment and energy efficiency.
Cavitation Technologies, Inc. (CVAT) reported significant corporate developments in its first fiscal quarter. The company shipped two Nano Reactor systems® valued at $460,000 to Desmet Ballestra Group for vegetable oil refineries in North America. Additionally, it completed a $1.5 million equity financing, enhancing its water treatment technology capabilities. The company also received forgiveness for a $104,000 Paycheck Protection Program loan, bolstering employee retention during COVID-19. Cavitation aims to strengthen its balance sheet and expects to recognize cash flow from fluid treatment technology.
Cavitation Technologies, Inc. (CVAT) has expanded its global patent portfolio, affirming its leadership in cavitation systems. With over 40 patents, including four new ones issued in 2021, the company focuses on innovative solutions for the edible oil industry, renewable fuels, and water treatment. The newly issued patents cover technologies for liquid cavitation, drinking water purification, and increasing plant protein yield. This commitment to innovation, recognized by patent offices worldwide, positions CVAT favorably for future growth.
Cavitation Technologies, Inc. (CVAT) has secured $1.5 million through the sale of approximately 23 million units, each comprising one common share and one stock purchase warrant exercisable at $0.09 per share for five years. This financing represents a 10% premium over the previous 10-day average market close price. The funds aim to accelerate commercialization of the company’s patented technology, in partnership with Enviro Watertek LLC, which addresses wastewater issues in the oil and gas industry. Rising oil prices and increased drilling activity in the Permian Basin may enhance business prospects.
On May 24, 2021, Cavitation Technologies (CVAT) announced the completion of four sales agreements for its patented Nano Reactor® systems, expected to generate approximately $730,000 in revenue this quarter. These systems will contribute to an anticipated total revenue of $1.4 million for the fiscal year ending June 30, 2021. The company noted a recovery in the vegetable oil refining industry and highlighted a positive growth outlook for the global oilseed farming market, projected to reach $519.28 billion by 2025, with a compound annual growth rate of 7%.
Cavitation Technologies (CVAT) has entered a pilot test agreement with Island Breeze Farms to assess its innovative nanotech water system aimed at enhancing cannabis cultivation. This technology significantly boosts molecular oxygen levels in water, promoting healthier plants and increased crop yields. The cannabis market is rapidly expanding, projected to exceed $123.9 billion this year, with a 455% increase in licensed cannabis acreage in the U.S. since 2018. CVAT aims to leverage this trend by providing cleaner feed water for cannabis growers.