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CHATSWORTH, Calif. - Cavitation Technologies, Inc. (OTCQB:CVAT), a micro-cap company with a market value of $16.84 million that has seen its stock surge over 547% in the past year, announced Thursday the appointment of Dr. Luis F. Quintero to its Advisory Board as the company focuses on expanding its water treatment technologies in the oil and gas sector.
Dr. Quintero brings over 40 years of international experience across more than 30 countries as a Subject Matter Expert in petrophysics, production management, and water management. Throughout his career, he has held senior positions at Halliburton, Schlumberger, and various international operators. According to InvestingPro data, the company maintains impressive gross profit margins of 81% and a healthy current ratio of 2.8, indicating strong operational efficiency.
The new advisor holds eight U.S. patents related to water flow evaluation and production optimization, and has authored more than 25 international technical papers. He previously served as President of the Society of Petrophysicists and Well Log Analysts and as an SPE Distinguished Lecturer from 2021-2022.
"His unparalleled expertise in water management, reservoir engineering, and field development adds significant depth to our technical capabilities as we continue to grow in the frack and produced water sector," said Neil Voloshin, CEO of Cavitation Technologies, in the press release.
Dr. Quintero will collaborate with Duane Germenis, a recent strategic team addition, to advance the company’s initiatives in produced water treatment and reuse. The company’s technology aims to help oil and gas operators comply with regulations while reducing environmental impact and production costs.
Cavitation Technologies develops flow-through nano-technology systems for fluid processing applications across multiple industries, including water treatment, agriculture, pharmaceuticals, and oil and gas. The company currently holds over 40 patents issued domestically and internationally. InvestingPro analysis reveals 12 additional key insights about CVAT’s financial health and market position. Subscribers can access detailed valuation metrics, growth indicators, and comprehensive financial analysis to make informed investment decisions.
In other recent news, Cavitation Technologies, Inc. has signed a sales agreement with the BMI Group, a Canadian environmental solutions provider, to distribute its PFAS removal technology. The agreement stipulates that BMI Group will maintain certain exclusivity rights and achieve a minimum of $1 million in annual sales. Additionally, Cavitation Technologies is expanding its Cavitation Non-Thermal Plasma system into the Bitcoin mining sector, focusing on improving immersion cooling systems for cryptocurrency mining. This expansion aims to tackle issues such as dielectric fluid degradation and waste fluid disposal. The company also announced the appointment of Anton Glotser as Vice President of Blockchain Infrastructure Technology at its subsidiary, XYRA Corp. Glotser, who has over 20 years of experience in blockchain technology and government relations, is expected to bring his expertise to the role.
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