Cavitation Technologies appoints blockchain expert as VP at subsidiary

CHATSWORTH, Calif. - Cavitation Technologies, Inc. (OTCQB:CVAT), a company whose stock has delivered an impressive 501% return over the past year according to InvestingPro data, announced Tuesday the appointment of Anton Glotser as VP of Blockchain Infrastructure Technology at its subsidiary, XYRA Corp.

Glotser brings over 20 years of entrepreneurial experience with specialized expertise in blockchain technology, cryptocurrency, and government relations. As founder and CEO of DelNorte | DTV, he has secured government contracts to digitize and tokenize government operations across multiple countries.

In his new role, Glotser will guide XYRA Corp.’s strategic initiatives in the crypto technologies market. His background includes developing chain-agnostic blockchain solutions and real-world asset tokenization systems.

"Anton’s experience in blockchain technology development, government relations, and international business operations makes him the right person to lead our next steps in the crypto technologies space," said Neil Voloshin, CEO of Cavitation Technologies, in the press release.

Glotser’s previous work includes creating app store ecosystems for governments, particularly in El Salvador. His company has been recognized among the top 5 innovative tech companies in the USA by the World Business Angels Investment Forum and featured in Forbes Latin America’s top 10 tech startups.

Cavitation Technologies develops flow-through nano-technology systems for fluid processing applications across multiple industries, including water treatment, agriculture, pharmaceuticals, and now digital asset infrastructure. The company holds over 40 patents issued domestically and internationally. According to InvestingPro data, the company maintains impressive gross profit margins of 82% and operates with moderate debt levels. With a current market capitalization of $16.25 million, CVAT has received a "GOOD" overall Financial Health score from InvestingPro analysts.

The appointment strengthens XYRA Corp.’s leadership team as it seeks to identify and capitalize on opportunities in the crypto technologies market, according to the company statement. InvestingPro analysis reveals 15 additional investment insights for CVAT, including detailed valuation metrics and growth indicators that could help investors make more informed decisions about this emerging player in the crypto technology space.

In other recent news, Cavitation Technologies, Inc. has signed a $1 million annual sales agreement with BMI Group, a Canadian environmental solutions provider. This agreement grants BMI Group exclusivity rights within its territory for the distribution of Cavitation Technologies’ PFAS removal technology. The initial shipment, which includes the High-Pressure Nano-Reactor and Cavitation Non-Thermal Plasma systems, has already been delivered. Additionally, Cavitation Technologies announced its expansion into the Bitcoin mining cooling sector. The company is introducing its Cavitation Non-Thermal Plasma system to address challenges in cryptocurrency mining operations, such as dielectric fluid degradation and waste fluid disposal. These developments reflect Cavitation Technologies’ ongoing efforts to diversify its technology applications and expand its market reach.

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