According to Igor Gorodnitsky, CTI's President and Director of Research and Development, "CTI continues to identify new applications for our technology. All of the applications are in industries where there is a need to solve environmental problems, reduce operating costs and improve profitability. We have hundreds of international inquiries from companies that want our technology and as a result we needed to file International Patents to protect our Intellectual Property worldwide. These technologies have significant benefit and value for the vegetable oil refining, renewable fuels, petroleum, water desalination, wastewater treatment, food and beverage, chemical industries."
As indicated by the patent attorney from the firm Kelly Lowry and Kelley, "Some of the CTI applications have been filed so as to protect the various highly innovative technologies developed by Cavitation Technologies, Inc. concerning industries needing Green technologies to reduce their carbon footprint, reduce the use of chemicals and costs."
These PCT international CTI applications should be published by the end of August 2010. The Company looks forward to proceeding with the national phase entries in various countries in order to protect its technologies in countries.
"We are particularly proud of the fact that the technologies we are developing will have international impact," indicated Roman Gordon, Cavitation Technologies, Inc. CEO. "As we continue to develop our intellectual property portfolio, we are also exploring relationships with potential strategic partners to enable worldwide transformation of a number of chemical, wastewater, renewable fuels and vegetable oil processes."
About Cavitation Technologies
Cavitation Technologies, Inc. (CTI); (OTCBB: CVAT); is a "Green-Tech" company, established in 2006 to become a world leader in the development of new cutting edge technologies for the vegetable oil refining, renewable fuel, petroleum, water treatment, wastewater sanitation, food and beverage, and chemical industries. For additional information please visit: www.cavitationtechnologies.com
Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions such as "may," "could," or "might" occur. Such statements reflect the current views of CTI with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Cavitation Technologies, Inc. does not undertake any responsibility to update the "forward-looking" statements contained in this news release.
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