Cavitation Technologies, Inc. (CTi) renewed a 3-year Global License Agreement with Desmet Ballestra Group s.a. Desmet is a worldwide distributor of the Company's Nano-based vegetable oil refining and biodiesel production technology. In addition, Desmet has placed a multiple systems order in excess of $650,000, which is expected to be shipped in CTI?s current Fiscal Quarter. 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 terms of the agreement are virtually similar to the Agreement signed in October 2021.