LOS ANGELES, April 6, 2011 /PRNewswire/ -- CTi (OTCBB: CVAT; Frankfurt, Berlin & Stuttgart: WTC). CTi, a California based Technology Company, announced today that it has successfully completed the installation of another Nano Neutralization™ system at a major U.S. edible oil refinery.
Working in conjunction with Desmet Ballestra, North America, and after a 45-day trial at a major U.S. edible oil refinery, the parties agreed that the system is a success. As with other CTi installations, the Nano Neutralization™ system has proven to reduce chemical usage and may significantly improve oil yields.
As a result, CTi is in the process of working out the final details of converting this successful pilot agreement into a long term commercial licensing arrangement.
According to Roman Gordon, CTi's CEO, "This is another successful installation and opportunity for CTi to demonstrate the value of the Nano Neutralization™ Technology. We appreciate all that Desmet has done to bring customers to us and know that we are only scratching the surface of this multi-billion dollar industry where there are hundreds of customers that will need our technology."
CTi (OTCBB: CVAT; Frankfurt, Berlin & Stuttgart: WTC) is a technology research, development and technology company engaged primarily in the development of environmentally clean Nano Reactor™ technologies and liquid process applications and solutions in various fields and industries, including vegetable oil processing and refining; renewable fuels; petroleum refining and petrochemicals; water and wastewater treatment; and the food and beverage industries.
This press release contains forward-looking statements, including without limitation those about the Company's business, plans and strategies. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of business, economic and competitive market conditions; business decisions by suppliers, licensees and customers concerning the Company's technologies and products; the Company's ability to develop new or additional technologies, applications and processes in various fields and industries and to stimulate customer demand for its technologies and products; the size and growth of markets for the Company's technologies and products; the Company's ability to implement licensing and marketing strategies, including execution of revenue generation strategies and models; the continued availability of essential components and services that are currently obtained from sole or limited sources; the Company's ability to protect its intellectual property in international markets; the success of patent licensing and marketing strategies and objectives; the success of business relationships with licensees, partners, suppliers and customers; the timing and successful completion of research & development projects, whether existing or new patent applications will be granted; the potential for infringement of the Company's intellectual property by others, and the timely completion of acquisitions; the ability of the Company to fund its capital requirements; and its ability to attract and retain key personnel.
Additional information on potential factors that could affect the Company's performance or financial results is included from time to time in the Company's public reports filed with the SEC. The Company assumes no obligation to revise or update any forward-looking statements or information, which are effective or apply only as of their respective dates of publication.
NOTE TO EDITORS: For additional information, visit CTi's website at www.ctinanotech.com.
References to CTi, the CTi logo, Nano Reactor™ system, Nano Reactors™, Nano Neutralization™, Nano Reactor XLR8TM System Technology and other terms that describe the Company's technologies, applications, processes and products are trademarks of the Company. Other company and product names may be trademarks of their respective owners.
SOURCE CTi
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