CHATSWORTH, CA, Aug. 26, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Cavitation Technologies, Inc. (CTi) (OTCQB: CVAT) (BERLIN: WTC), is pleased to announce its completion of successful trials of its Low Pressure Nano Reactors (LPN’s) in produced water treatment.
The System trials began in the early part of 2019 and have gone through rigorous testing, achieving exceptional results, while also developing certain know-how and proprietary formulas to elevate efficiencies and reduce operating costs.
Produced water is water found in the same formations as oil and gas. When the oil and gas flow to the surface, the produced water is brought to the surface with the hydrocarbons.
Hydraulic fracturing, or fracking, is a multi-step extraction process in which fossil fuel-bearing rock formations are drilled and fractured using huge amounts of water. Oil and gas reserves that were at one time considered inaccessible are now available to be exploited. Nearly every oil and gas well generates water as part of the production process.
The United States has almost 1 million producing oil and gas wells. This water consumption volume is about 58 million bbl/day.
Data provided by Produced Water Society
CTi's Global Technology Manager, Roman Gordon, commented, “We look forward to the opportunity to expand our technology in the produced water treatment industry and we believe that this new technology application presents a great economic value for our company, while achieving maximized returns for our shareholders. In the upcoming months, we expect to have additional systems installed with increased water treatment volumes.”
About CTi
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 30 patents issued and filed both domestically and abroad. http://www.ctinanotech.com/
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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 regarding the anticipated installation and the timing of the installation, our intent to continue to focus on research and development, marketing and sales of our unique technology, our belief that our company is positioned for accelerated growth and the expected efforts to be made to enhance our shareholder's value. 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, the state of the economy, the competitive environment and our ability to perform the installation as anticipated 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.