September 13, 2011 -- Cavitation Technologies, Inc. (OTCBB: CVAT; Berlin, Stuttgart, & Frankfurt: WTC), (CTi) recently amended its Technology License, Marketing, & Collaboration Agreement dated November 1, 2010 with the N.V. Desmet Ballestra Group, S.A. ("Desmet Ballestra"). The principal changes to the agreement are: (i) Desmet Ballestra now provides a site user a minimum guarantee of operating improvements by utilizing our Nano Neutralization process, and (ii) the requirement that Desmet Ballestra install at least ten (10) of our Nano Reactor Units by June, 2012, an additional twenty (20) Nano Reactor Units by June of 2013 and a further twenty (20) Nano Reactor Units by June 2014 in order for Desmet Ballestra to maintain the exclusive license granted by CTi. Separately, Desmet Ballestra recently ordered two Nano Reactor Units.
Last Updated on Monday, 21 November 2011 19:28
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Read more: Cavitation Technologies, Inc. Enhances Relationship With Desmet Ballestra Group
Cavitation Technologies, Inc. (CTI); (OTC: CVAT); is a “Green-Tech” company, established in 2006 to become a world leader in the development and licensing of new cutting edge technologies for the, biodiesel, vegetable oil refining,
Last Updated on Thursday, 15 September 2011 18:17
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