Cavitation Technologies, Inc. Announces Six Month Financial Results and Business Developments
CHATSWORTH, CA / ACCESSWIRE / February 21, 2018 / With increased revenue and sales of patented Nano Reactor™ Systems, Cavitation Technologies, Inc. (OTCQB: CVAT) (BERLIN:WTC) announced six month financial results and business developments. Revenue has increased from $120,000 in 12/31/2016 to $677,855 as of 12/31/2017; an increase of 465%, while net loss was reduced from ($510,478) to ($65,843) during the same period, meanwhile, cash position improved from $548,585 to $866,522.
Current financial results, as well as ongoing developments, signify a positive direction of company growth. Neil Voloshin, COO/CFO of Cavitation Technologies, Inc. said, "Our sales for this quarter were targeted in China, India, Thailand and the Dominican Republic, highlighting the first system sales in China and Dominican Republic. We are pleased that our diversified business model and strategic partnerships have continued to work well. We expect that this platform will provide us an opportunity for continuing our accelerating global sales growth."
Utilizing our proprietary technology, CTI has been able to develop and produce a consumer-oriented appliance that demonstrates substantial reduction of impurities in spirits and wine, while at the same time significantly improving the taste qualities. The company is analyzing the best opportunity to introduce this product in the marketplace for sales, marketing and distribution.
Most recently, we have added staff to the internal marketing and investor relationship department to focus on providing our shareholders with greater transparency in our communications, not only as a company, but also as a brand for our customers.
Our core industrial technologies are continuing to gain traction with global customers. A biodiesel production start-up in Colombia was successfully launched several weeks ago, with comprehensive analysis and results anticipated within 30 days. In addition, two Nano Reactor™ Systems are being installed for trial with palm oil refineries in Southeast Asia, with results expected in upcoming months. Start-ups in biodiesel and palm oil, if successfully implemented, are expected to result in significant future revenue opportunities, as they represent large markets that have yet to be penetrated.
In addition to our existing industrial technologies and products, Cavitation Technologies, Inc. has developed a Low-Pressure Nano Reactor (LPN) line of industrial products (patent pending). LPN is a highly efficient low-pressure mixer geared toward multiple industries It features a highly efficient, moderately priced and longer product lifetime compared to conventional technologies. The company is working with strategic partners GEA Group and Desmet Ballestra Group to market LPN line of products globally.
About CTi
Founded in 2007, the company designs and manufactures state-of-the-art, flow-through, devices and systems as well as develops processing technologies for use in edible oil refining, renewable fuel production, expeditious petroleum upgrading, algal oil extraction, alcoholic beverage enhancement, water treatment, and the extraction of cannabidiol (CBD). As an add-on to its existing neutralization systems, the company's patented Nano Reactor™ allows refiners to significantly reduce both processing costs and environmental impact, while also increasing yield. http://www.ctinanotech.com/
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About GEA
GEA is one of the largest suppliers for the food processing industry and a wide range of process industries that generated consolidated revenues of approximately EUR 4.6 billion in 2015. As an international technology group, the Company focuses on process technology and components for sophisticated production processes in various end-user markets. The Group generates more than 70 percent of its revenue in the food sector that enjoys long-term sustainable growth. As of December 31, 2016, the Company employed about 17,000 people worldwide. GEA is a market and technology leader in its business areas. The Company is listed on the German MDAX (G1A, WKN 660 200). In addition, GEA's share is a constituent of the MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com. If you do not want to receive any further information from GEA, please send an email to pr@gea.com
About Desmet Ballestra Group
The Desmet Ballestra Group provides engineering and supply of plants and equipment for the following industries worldwide:
Oils and Fats and Animal Feed
Detergents, Surfactants and related Chemicals
Oleochemical and Biodiesel
Desmet Ballestra's R&D Team is composed of professionals specialized in Oils and Fats, oleochemicals and chemical processes, using the most comprehensive set of technological resources and equipment. Controlled by Financière DSBG, a holding company based in Paris, France, the Desmet Ballestra Group is present in all major market areas of the world through its integrated business units located in Northern and Central America (USA, Mexico), South America (Argentina, Brazil, Colombia), Asia & Far East (PR China, Singapore, Malaysia), India and Europe (Belgium, Turkey, Russia, Spain). http://www.desmetballestra.com/
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, and include statements regarding the anticipated installation and the timing of the installation, our intent to continue to focus on research and development, marketing and sales of our unique technology, our belief that our company is positioned for accelerated growth and the expected efforts to be made to enhance our shareholder's value. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, the state of the economy, the competitive environment and our ability to perform the installation as anticipated and other factors described in our most recent Form 10-K and our other filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. In light of these risks and uncertainties, there can be no assurances that the forward-looking statements contained in this press release will, in fact, transpire or prove to be accurate. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Cavitation Technologies, Inc. Contact:
Investor Relations
IR@ctinanotech.com
http://cvatinfo.com/
Phone (818) 718-0905
SOURCE: Cavitation Technologies, Inc.
