Cavitation Technologies, Inc. Issues Letter to

Chatsworth, Calif., Dec. 29, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Cavitation Technologies, Inc. (OTCQB: CVAT), a leading nanotechnology fluid processing company, is pleased to issue a letter to shareholders providing a corporate update and 2021 year-end results .

“The corporate foundation that we have been building for several years is beginning to accelerate and deliver the results we anticipate. Additionally, we believe we have only scratched the surface,” said Neil Voloshin, COO/CFO of Cavitation Technologies, Inc. For example, our efforts with our partner in the Permian Basin provide a unique solution to clean and recycle produced water in the oil and gas industry. By the way, we think the collaboration alone could be transformational for Cavitation. However, we also believe that our technologies are uniquely positioned to enable other emerging opportunities in various industries that can provide environmentally friendly approaches that are also economically viable. We believe that the combination is essential to the success of solutions aimed at efficiently managing precious resources in a way that allows us to use them today but also protect them for future generations. Our company and our employees have worked diligently for years to develop and implement environmentally friendly technologies that will dramatically improve business opportunities for years to come, while building on the invaluable trust and support of our shareholders. We would add that over the past 12 months, our company’s share price, market capitalization and shareholder value have grown significantly, as shown in the chart.

2021 Highlights

  • In February, we restarted our frackwater treatment operations in the Permian Basin, which included testing and implementing our newly developed patented technologies.
  • Cavitation Technologies and Partnership International have signed a collaboration agreement to promote sustainable development through investments in renewable energy and clean water treatment
  • In March, we received a purchase order from a biodiesel refinery in South America worth approximately $190,000, which is our second facility in the region.
  • Along with our efforts in the oil and gas sector, we have begun testing a new patented 500 GPM low pressure system Nano Reactor® (LPN) allowing three unique elements of supercritical cavitation in produced water treatment: making organics completely soluble; improve oxygen solubility, thereby improving oxidation; and rendering the inorganic constituents become largely insoluble
  • The Company received a purchase order from a vegetable oil refinery in North America, valued at approximately $110,000
  • In June we completed the testing phase of our 500 GPM low pressure Nano Reactor® (LPN). We then made the transition, allowing our partnership to significantly increase daily volumes of processed frac water.
  • In July, the Company Completed a $1,500,000 Equity Financing to Accelerate the Commercialization of its Permian Basin Produced Water Treatment Technology
  • The Company received $204,000 under the PPP; subsequently, this amount was canceled and reflected in our financial statements
  • In September, Dr. Jerry Bailey joined the Board of Directors. Dr. Bailey holds bachelor’s and master’s degrees in chemical engineering; a professional career spanning over 50 years in the oil and gas industry providing excellent management and leadership to many companies, including serving as Chairman of Exxon in the Persian Gulf
  • On December 1, CTi and Desmet Ballestra Group sa renewed a 3-year global licensing agreement, which covers the worldwide distribution of the company’s nano technology for vegetable oil refining and biodiesel production. This renewed contract provides for license fees of approximately $500,000 per year.
  • In December, we successfully launched our first mobile system to treat fracturing and produced water in the Permian Basin. 500 gpm low pressure Nano Reactor® (LPN) significantly increased process water volume flow rates to approximately 17,000 BPD compared to previously designed systems processing approximately 8,000 BPD.
  • In 2021, the Company received four additional patents, including three US PTOs and one issued by the European Patent Office (EPO):
  1. APPARATUS FOR GENERATING CAVITATION IN A LIQUID – Patent n° 10,954,140
  2. SYSTEM AND METHOD FOR PURIFYING IMPURITIES FROM DRINKING WATER, ETHANOL AND ALCOHOLIC BEVERAGES – Patent No. 10,995,015
  3. PROCESSES FOR INCREASING PLANT PROTEIN YIELD FROM BIOMASS – Patent No. 11,066,440
  4. SYSTEM AND METHOD FOR PURIFYING IMPURITIES FROM DRINKING WATER, ETHANOL AND ALCOHOLIC BEVERAGES – EPO Patent #347646

To date, CTI has received over 40 patents worldwide, a list can be found at: https://patents.justia.com/assignee/cavitation-technologies-inc

About Cavitation Technologies, Inc.

Founded in 2007, the company designs and manufactures innovative continuous-flow devices and systems, and develops process technologies for refining edible oils, producing renewable fuels, treating water and improving 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 & Greases and Animal Feeds · 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/.

Forward-looking statement

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 in large part 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 various factors, including the state of the economy, the competitive environment and our ability to operate as expected 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 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.

We look forward to 2022 and wish you all happy holidays and a happy new year!

-Neil Voloshin + the CVAT team

Cavitation Technologies, Inc.
818-718-0905
[email protected]