Things are on the move for Cavitation Technologies, Inc. (OTC:CVAT). The company based in Chatsworth, Calif. announced it had received two new purchase orders from Desmet Ballestra Group, a strategic partner and licensee of Cavitation’s vegetable oil refining technology since 2010.
The Nano Reactor® systems will be installed in both North and South America. The Company anticipates receiving $346,000 in the aggregate from these two orders and expects to record the revenue in the current fourth quarter of Fiscal 2019.
CVAT, in business since 2007, 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 30 patents issued and filed both domestically and abroad.
Shares in CVAT vaulted nearly 6% to 2.49 cents as Monday morning came to an end, on volume of 55,000 shares
