CHATSWORTH, CA, March 09, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Cavitation Technologies, Inc. (“CTi”), (OTCQB: CVAT) announces an agreement with Sustainable Development Partners, LLC (“SD Partners”), a international consulting firm specializing in infrastructure projects that promote sustainable development through investments in renewable energy and the supply and treatment of drinking water.
Through this agreement, Sustainable Development Partners, LLC will help CTi commercialize new applications of its proprietary technology in industrial water treatment/produced water remediation using low pressure nanoreactors (LPNs). SD Partners will also facilitate the acquisition of strategic partnerships, financing and grants for the company’s patented water applications and technologies.
Around 80% of wastewater is discharged into the environment without being sufficiently treated. Developed countries discharge about 30% of their wastewater without adequate treatment, while low-income countries discharge up to 92%, according to UNESCO.
Over the years, CTi has made great strides in the development of water treatment technologies and applications.
Now, with the help of SD Partners, this agreement extends the use of CTi’s water treatment applications to sectors such as agriculture, produced water and renewable water supply.
The Company believes that adding its technology to these areas has great economic value and will maximize returns for shareholders.
Neil Voloshin, CFO/COO of Cavitation Technologies, Inc., said, “We are currently working on securing a grant in South Africa and once it is finalized we will begin trials of the small unit system. mobile in the treatment of water produced for agriculture and human consumption. – the potential of our technology is enormous – and could be applicable worldwide. Our goal is to reach remote areas in small communities that are deprived of water, with an initial focus on climate-vulnerable areas, where a mobile unit could really make a difference and help the world treat contaminated water. in the most efficient and economically sensible way. .” Mr. Voloshin continued, “We look forward to working with SD Partners and are excited to take another important step in our mission to provide the most trusted, easy-to-use, and easily integrated green technology to communities that rely on it. most need. .”
“Water purification is expensive, energy intensive, has a terrible carbon footprint and, above all, is a growing global problem. We believe that CTi’s patented processes and technologies offer a viable solution to this problem. “, commented Tracy Mathieu, Vice President of SD Partners. “Not only is CTi’s innovative technology compact, modifiable and durable in the global market, but it requires no harsh chemicals, adds no emissions and ultimately uses a minimum of energy.We believe that projects like these present extraordinary opportunities to promote sustainable development and solve some of the world’s most pressing problems.
About Cavitation Technologies, Inc.
Founded in 2007, the company designs and manufactures innovative continuous-flow devices and systems, and develops process technologies for edible oil refining, renewable fuel production, water treatment and improvement of alcoholic beverages. The company’s patented Nano Reactor® systems and various technologies have over 40 patents issued and filed domestically and internationally. https://www.cvatinfo.com/
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About Sustainable Development Partners, LLC
Sustainable Development Partners, LLC (SD Partners) is an international advisory firm that promotes sustainable development through investments in renewable energy (RE) and infrastructure.
SD Partners’ goal is to help provide development and financing for clean renewable energy developments through the private sector in emerging and developing countries. In doing so, we propose to help the private sector develop “best practices” for new sustainable technologies, with bankable technical, commercial and financial business structures. We believe that this future success story in renewable energy and new clean technologies can have a ripple effect around the world. helping to accelerate the development of these resources by the private sector and enabling emerging countries to go beyond their targeted energy goals by tapping into the know-how of their private sector entrepreneurs. The SD Partners team specializes in using government programs (i.e. as well as multilateral government agencies) to structure financing for cross-border transactions and projects Given that financial markets are often unable to support foreign direct investment in emerging markets without government involvement, the SD Partners team provides essential financial advisory services to raise finance from private sector entities in emerging economies. development funds, export working capital, supplier financing, direct foreign investment support (debt and equity), insurance, bonds and guarantees.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some instances, forward-looking statements may be identified by words such as “may”, “should”, “potential”. ,” ”continues” ”expects” ”anticipates” ”intends” ”plans” ”believes” ”estimates” and similar expressions, and include statements such as, We believe that adding our technology to these areas presents economic value to the company while providing maximized returns for shareholders. These forward-looking statements are based largely on the Company’s expectations and are subject to a number of risks and uncertainties, some of which are beyond the Company’s control. Actual results could differ materially from these forward-looking statements due to a variety of factors, including our ability to complete the installation as planned, the state of the economy, the competitive environment and other factors described in our more 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 assurance that the forward-looking statements contained in this press release will materialize 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 as a result of new information, future events or otherwise, except if required by law.
Cavitation Technologies, Inc.