| Previous Close | 0.0570 |
| Open | 0.0500 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 0.0435 - 0.0580 |
| 52 Week Range | 0.0100 - 0.0700 |
| Volume | 1,018,663 |
| Avg. Volume | 668,049 |
| Market Cap | 9.85M |
| Beta (5Y Monthly) | 0.34 |
| PE Ratio (TTM) | 16.67 |
| EPS (TTM) | 0.0030 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
Cavitation Technologies, Inc. Announces an Agreement with Partnership International, Inc.
Chatsworth, CA, Feb. 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Cavitation Technologies, Inc. (OTCQB: CVAT) (BERLIN: WTC) announces an Agreement with Partnership International, Inc. (“PI”) -- an international consulting firm specializing in infrastructure projects that promote sustainable development through renewable energy and clean water supply/treatment investments. Through this Agreement, Partnership International, Inc., will assist CVAT in securing strategic partnerships, financing, and grants for the Company’s patented water applications and technologies. Neil Voloshin, CFO/COO of Cavitation Technologies, Inc., stated, “Over the last several years we have made great progress in developing water treatment technologies and applications. Specifically, our joint venture with Enviro-Watertek, LLC. was immensely successful in the treatment of fracked and produced water. Now with the help of Partnership International, Inc. this agreement expands the utilization of our water treatment applications into sectors such as desalination, ballast water, reclamation water in agriculture, produced water and renewable fuels. We believe the addition of our technology in these sectors presents economic value to the company while also providing maximized returns for shareholders. We’re excited to be working with Partnership International and ready to execute our business goals in 2021 and moving forward.” Tracy Mathieu, Vice President of PI, commented, “Water purification is expensive, requires a lot of energy, leaves a terrible carbon footprint, and is a global problem. We feel that CVAT’s patented processes and technologies provide a viable solution to this global problem. Not only is CVAT’s innovative technology compact, modifiable, and sustainable in the global market-place, it requires no harsh chemicals, adds zero emissions, and uses minimal off-grid energy. We’re happy that through this agreement, we can help CVAT expand into new sectors with an initial focus on climate vulnerable areas. We have filed the first grant for CVAT’s water application technology with the Department of Interior, Bureau of Reclamation, for a desalination project of $500,000. We believe projects like these present extraordinary opportunities for CVAT to demonstrate the value of their technology in promoting sustainable development.” About Cavitation Technologies, Inc. Founded in 2007, the company designs and manufactures innovative flow-through devices and systems, as well as develops processing technologies for use in edible oil refining, renewable fuel production, water treatment, and alcoholic beverage enhancement. The company's patented Nano Reactor® systems and various technologies have over 40 patents issued and filed both domestically and abroad. http://www.ctinanotech.com/ Follow us on Twitter for real time updates: https://twitter.com/CavitationTech Like us on Facebook to receive live feed updates: https://www.facebook.com/ctinanotech About Partnership International, Inc. Partnership International Inc., established in 1990, comprises a team of experts that provide regulatory, institutional, technical, commercial and financial advisory services to clients on projects that promote sustainable development through infrastructure investments. PI is recognized for delivering pragmatic, market-driven solutions for public and private clients across multiple industries and sectors. Through offices in Washington, DC, and in the field, our staff targets meaningful sectoral reforms to stimulate sustainable economic growth in developing and emerging markets worldwide. 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 such as, We believe the addition of our technology in these sectors presents economic value to the company while also 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, 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, our ability to perform the installation as anticipated, the state of the economy, the competitive environment 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. Jessica Steidinger 818-718-0905 jessica@ctinanotech.com
- GlobeNewswire
Cavitation Technologies to Resume Produced Water Treatment Operations
CHATSWORTH, CA, Feb. 01, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Cavitation Technologies, Inc. (OTCQB: CVAT) (BERLIN: WTC) announced that in Mid-January the Company reopened its operations in the Permian Basin treating produced water from fracking operations in the basin. In collaboration with its water services partner, Cavitation Technologies (CTI) deployed its first cavitation reactor in the Permian Basin in early 2020. However, subsequent dramatic declines in oil prices coupled with the onset of the Covid19 pandemic, led to drastic reductions in Permian production and as a result, demand for the Company’s innovative frack-water mitigation technology. As a result of improving oil prices, production in the Permian Basin is returning, which has led to increased demand for CTI’s clean water technology. Regarding the recent restart in the region, the Company notes that its first returning customer is utilizing the initial stationary infrastructure that manages a flow of approximately 7,500 barrels per day (“BPD”). However, they are also preparing to deploy their first mobile water treatment unit, which is being deployed the first week of February. Along with their mobile advantages, these water treatment units also support greater throughput capacity of 12,000-15,000 BPD. Cavitation is in the process of building its second mobile water treatment system utilizing the most recent inventions and expects operations in early March. The Company believes it can quickly build and deploy additional units as demand dictates. As a point of reference, management anticipates that each 10,000 BPD of processing should result in approximately $150,000 worth of annual free cash flow to Cavitation, although actual results will depend on subsequent demand and associated pricing for their technology. On other fronts, the Company continues to develop its technology to address both their legacy food processing business, as well as its emerging water treatment business. As of the aforementioned restart in Texas, they are now generating revenues from each. More specifically, they continue to pursue new opportunities in the vegetable oil and food processing industry with their new Low Pressure Nano Reactor (“LPN”) technology and they believe those efforts will be additive to the business in the future. About Cavitation Technologies, Inc. Founded in 2007, the company designs and manufactures innovative flow-through devices and systems, as well as develops processing technologies for use in edible oil refining, renewable fuel production, water treatment, and alcoholic beverage enhancement. The company's patented Nano Reactor® systems and various technologies have over 40 patents issued and filed both domestically and abroad. http://www.ctinanotech.com/ Follow us on Twitter for real time updates: https://twitter.com/CavitationTech Like us on Facebook to receive live feed updates: https://www.facebook.com/ctinanotech 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 such as, management anticipates that each 10,000 BPD of processing should result in approximately $150,000 worth of annual free cash flow to the Company. 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, our ability to perform the installation as anticipated, the state of the economy, the competitive environment 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. Jessica Steidingerjessica@ctinanotech.com
- GlobeNewswire
Cavitation Technologies Latest Water Treatment U.S. Patent is Approved
CHATSWORTH, CA, Jan. 26, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Cavitation Technologies, Inc. (OTCQB: CVAT) (BERLIN: WTC) announced that U.S. Patent Application No. 17/066,040, Entitled: 'APPARATUS FOR GENERATING CAVITATION IN A LIQUID' was approved by the United States Patent and Trademark Office (USTPO). This is a high-volume fluid processing multistage cavitation system. Cavitation Technologies, Inc. (CTI) already holds several patents related to treatment of water in beverages and contaminated industrial water. This newly approved patent relates to a multi-stage cavitation device featured with an electrocoagulation system. The amalgamation of multi-stage cavitation and electrocoagulation devices, coupled with air floatation units enables contaminants in liquid to attach to air bubbles and float to the liquid's surface where they can be easily removed as sludge. The treated fluid is then passed through a final filtration system. This patented processing system is related to some of CTI's previous patents including, 'flow-through cavitation-assisted rapid modification of beverage fluids' and 'system and methods for the purification of drinking water, ethanol, and other alcoholic liquids/beverages containing impurities.' Roman Gordon, Global Technology Manager, stated, "Industrial water treatment requires large volume processing. With this new issued patent, our engineers have developed a high-volume reactor system that processes up to 35,000 barrels/day of water. Our initial commercial water treatment results in the oil and gas industry have been successful and we feel that refineries and plants processing contaminated water and liquids may experience additional benefits through the implementation of our newly patented system. We are starting to see the reopening of the oil and gas industry in the US and anticipate a resumption of commercial production in the near future" This is a new addition to the Company's 40 patents and applications portfolio that consists of 21 US issued and 6 US pending patents as well as 7 foreign issued and 6 foreign pending patents. About Cavitation Technologies, Inc. Founded in 2007, the company designs and manufactures innovative flow-through devices and systems, as well as develops processing technologies for use in edible oil refining, renewable fuel production, water treatment, and alcoholic beverage enhancement. The company's patented Nano Reactor® systems and various technologies have over 40 patents issued and filed both domestically and abroad. http://www.ctinanotech.com/. Follow us on Twitter for real time updates: https://twitter.com/CavitationTech Like us on Facebook to receive live feeds updates: https://www.facebook.com/ctinanotech 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 such as, the resumption of commercial production being anticipated in the near future. 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, our ability to perform the installation as anticipated, the state of the economy, the competitive environment 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. Jessica Steidingerjessica@ctinanotech.com
