CHATSWORTH, Calif., April 05, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Cavitation Technologies, Inc. (“CTi”), (OTCQB: CVAT) announces plans to expand international operations as one of its primary Strategic Partners Desmet Ballestra (“Desmet”), a global leader in edible oil processing and biofuels, has been acquired by Alfa Laval (Stockholm-listed STO: ALFA and US OTC: ALFVY), a global supplier of foreground of first class products in the areas of heat transfer, separation and fluid handling.
By signing the agreement announced on March 31, 2022, Alfa Laval and Desmet Ballestra are no longer in competition. In turn, the acquisition will strengthen CTi’s global position by opening up more opportunities for its proprietary Nano Reactor ® applications and business opportunities.
Since 2010, CTi has granted an exclusive license to Desmet Ballestra—with the exclusive rights to market, sell and supply their Nano Reactor ® Systems technology incorporating Nano Reactor ® devices—for the sole purpose of producing and/or processing oils and vegetable fats, or oleochemicals. CTI’s strategic partnership with Desmet Ballestra has been instrumental in providing CVAT technology and systems worldwide.
Alfa Laval, already a global leader in the competitive edible oil and biofuel processing market with a market capitalization of $14.7 billion, is likely to become the largest player in the sector after this acquisition. The merger will be executed in the second quarter of 2022 and will strengthen Alfa Laval’s position in the field of renewable energies and beyond. Alfa Laval has 17,900 employees and its annual sales in 2021 were approx. $4 billion.
With the adjacent growth of Desmet being acquired by Alfa Laval, CTi is now looking to expand the relationship with the combined companies and expand its operations internationally.
“We are excited to have the opportunity to extend our technology not only to vegetable oil refining, but also to industrial and municipal wastewater treatment, pharmaceutical and biotechnology as well as other applicable industries. commented Roman Gordon, Global CTO and Founder of Cavitation Technologies. Inc. We look forward to continuing our relationship and working with Desmet Ballestra and Alfa Laval as we anticipate accelerating global system sales in the months ahead.
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 48 patents issued and filed domestically and internationally. https://www.cvatinfo.com/
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About Desmet Ballestra Group
The Desmet Ballestra Group provides engineering and supply of plant and equipment for the following industries worldwide: Oils & Fats and Animal Feed · Detergents, Surfactants and Related Chemicals · Oleochemicals and Biodiesel. The Desmet Ballestra R&D team is made up of professionals specializing 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 North and Central America (United States, Mexico) , in South America (Argentina, Brazil, Colombia), Asia and the Far East (PR China, Singapore, Malaysia), India and Europe (Belgium, Turkey, Russia, Spain) https://www.desmetballestra.com/.
About Alfa Laval
Alfa Laval is one of the world’s leading suppliers of products and solutions for heat transfer, separation and fluid management with its core products: heat exchangers, separators, pumps and valves. Alfa Laval plays a vital role in areas crucial to society, such as energy optimization, environmental protection and food production.
Alfa Laval products are used in the manufacture of food, chemicals, pharmaceuticals, starch, sugar and ethanol. It is also used in the nuclear industry, on board ships; and in engineering, mining and refining as well as waste water treatment and creating a comfortable indoor climate.
Alfa Laval currently holds more than 3,700 patents and invests around 2.3% of its sales in research and development, launching between 35 and 40 new products each year.
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”, “continuing,” “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” and similar expressions such as “The corporate foundation that we have been building for several years is beginning to accelerate and deliver the results we have anticipated.” 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 may differ materially of these forward-looking statements due to various factors, including the state of the economy, the competitive environment and our ability to operate as expected, and other factors described in our formula go the most recent. 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.