Cavitation Technologies Inc. provided an update on its operations to its shareholders earlier this month.
The Chatsworth-based manufacturer of fluid processing systems for making edible oils, renewable fuels, alcoholic beverages and clean water said in its update earlier this month that it has a “clean capital structure with very little debt, and management is very focused on growing the company without significantly diluting its shareholders.”
Neil Voloshin, chief executive of Cavitation, said it was the company’s mission to improve the environment while helping clients reduce operating costs and increase yield in liquid processing applications.
“Our company is continuously working with our strategic partners to expand applications of our technology in various industries,” Voloshin said in a statement.
Among those partners is Desmet Ballestra Group, a Paris-based company that has worked with the San Fernando Valley firm since 2010 and is a licensee of the company’s vegetable oil refining technology.
In October of last year, Cavitation signed its fourth three-year renewal with Desmet Ballestra, covering vegetable oil refining processes and biodiesel production, according to the letter to shareholders.
“The agreement provides Desmet an exclusive license and right to develop, design and supply Cavitation’s NANO Neutralization System which incorporates Nano Reactor devices and newly designed Low-Pressure Nano (LPN) on a global basis in fats and oleo chemical applications,” the letter said, adding that the agreement provides for a $500,000 annual licensing fee and is set to expire on Oct. 1, 2024.
Delaware Water Co. is another partner company. Cavitation has entered into a joint venture with the company called Enviro Watertek.
The joint venture aims to provide oil and gas producers a low-cost, more environmentally friendly way to address brackish-produced water, while at the same time reducing the oil and gas industry’s reliance on scarce freshwater sources, according to the update.
“Cavitation’s patented technology in collaboration with processes developed by its joint venture partner results in high throughput, portable, and chemical-free loop systems that treat water and allow for its recycling to be produced back into the fracking of additional wells,” the update said.
Alchemy Beverages Inc. is another partner of the Chatsworth company.
Cavitation and Alchemy have entered into a global licensing, marketing and distribution rights of Cavitation’s patented technologies for the processing of alcoholic beverages, according to the shareholder update.
Additionally, Alchemy has the exclusive global marketing and distribution rights of the Valley company’s patented technologies for developing various brands of alcoholic beverages, the update letter said.
And finally, Partnership International Inc. has partnered with Cavitation in advancing its “H2O Cav-Unit,” which uses Cavitation’s electrocoagulation technology to remediate brackish water resources.
Toward this goal, Partnership and Cavitation have carried out a water remediation pilot and feasibility study in South Africa. Funded through the U.S. Trade and Development Agency and valued at $1.7 million, it is designed to identify solutions to the decreased water supply and the increased wastewater that is challenging Africa and other climate-vulnerable areas in need of desalinated water, the update said.
The project team consists of Partnership International, Cavitation, Alveo Water, a local subcontractor, and the University of Cape Town’s Future Water Institute.