Curated News
By: NewsRamp Editorial Staff
October 14, 2024
Cavitation Technologies, Inc. Enters Agreement with Desmet Belgium S.A.
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Discuss on SubstackTLDR
- CTi will monetize certain patents and intellectual property, retaining exclusive licenses for water/wastewater processing and alcoholic beverages.
- CTi will transfer patents and trademarks to Desmet, while reserving exclusive licenses for specific fields and receiving substantial capital.
- CTi's agreement with Desmet will enable the Company to continue developing business partnerships and projects, generating substantial capital without diluting shareholders.
- CTi has entered into an agreement with Desmet Belgium S.A. to monetize patents and intellectual property, retaining exclusive licenses for specific fields.
Impact - Why it Matters
This news matters as it showcases a strategic agreement between CTi and Desmet to monetize intellectual property, providing substantial capital without diluting shareholders. The exclusive licenses and rights retained by CTi will allow the company to continue its primary lines of business, impacting its future growth and development.
Summary
Cavitation Technologies, Inc. has entered into an agreement with Desmet Belgium S.A. to monetize certain patents and intellectual property. The agreement will see CTi assign and transfer patents and trademarks to Desmet, while retaining exclusive licenses and rights to continue their primary lines of business. This will provide substantial capital for CTi without diluting its shareholders, and the transaction is expected to be completed within the next ten days.
Desmet is a leading global provider of custom-engineered plants and equipment for the food, feed, and biofuels industries, while CTi designs and manufactures innovative flow-through devices and systems for various applications, such as edible oil refining, renewable fuel production, water treatment, and alcoholic beverage enhancement.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Cavitation Technologies, Inc. Enters Agreement with Desmet Belgium S.A.
