Chatsworth, Calif., February 2, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Cavitation Technologies, Inc. (OTCQB: VAT), a leading nanotechnology fluid processing company, is pleased to provide a company update on its recent developments.
With growth in all areas of our business, Cavitation Technologies, Inc. is well positioned for the future. Our stable performance despite challenging times continues and we remain on track to meet our 2022 targets. We are dedicated to growth, but also aim to preserve the current shareholder structure for our loyal shareholders.
Below are highlights of our main developments we are currently working on:
· Permian Basin/Nano Reactors – We are currently working with accredited investors to raise $5 million in non-dilutive funding, which means we do not plan to give up capital or equity ownership of Cavitation Technologies. In doing so, we want to expand our footprint without affecting current and long-time shareholders of the company.
· Barmuze – We have been working diligently on a partnership that should elevate the current Barmuze market. Barmuze is a consumer tabletop appliance created based on our patented clarification technology that transforms the impurities and harshness typically found in alcohol, mitigating the harmful effects of hangovers, while improving flavor and experience. In the coming weeks, we aim to close this deal and are very excited to share this news with the market once the partnership is finalized.
· Expansion – We are getting closer to finalizing our grant program with the South African government and the University of Cape Town. We work diligently in Southern California to provide viable solutions for the treatment and sanitation of produced water for agriculture. Our commitment is to help ensure a clean and safe environment now and for generations to come. We stay at the forefront of technology and aim to expand our global footprint even further.
Cavitation Technologies uses years of advanced research and the latest developments in nanotechnology to reduce the amount of harmful chemicals and toxins in fluids. Our competitive cost in water sanitation puts us at the forefront of competition.
With our strong patent portfolio and a strong management team, we believe we have positioned ourselves in an ideal position and started 2022 on the right foot. This should be a year of expanding and bringing our technology to the forefront of businesses that need it. With the rapid execution of transactions, we believe the future is brighter than ever for the company and its shareholders.
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/.
Follow us on Twitter for real-time updates: https://twitter.com/CavitationTech
Like us on Facebook to receive live updates: https://www.facebook.com/ctinanotech
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 “With our strong patent portfolio and strong management team, we believe that we have positioned ourselves in a great place and have started 2022 on the right foot. These forward-looking statements are based in large part on the expectations of the Company and are subject to a number of risks and uncertainties, some of which are beyond the control of actual results could differ materially from these forward-looking statements due to a variety of factors, including the state of the economy, the competitive environment and our ability to operate as expected and other s 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 made 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.