Cavitation Technologies, Inc. (CTi) is a "GreenTech" development stage company that designs and engineers NANO technology based systems designed to serve growing, global markets such as vegetable oil refining, renewable fuels, petroleum refining,water-fuel emulsions, and food & beverage. CTi's mission is to improve the environment while helping clients reduce operating costs and increase yield in liquid process applications. CTi's short-term goal is to commercialize its NANO Neutralization - Systems used to refine vegetable oils derived from oilseeds such as soybeans which are converted into consumer food products. In 2010 we successfully completed pilot testing in a soybean or refining plant. The first commercial licensing of our system occurred in 2010. The system is installed in one vegetable oil refining facility. CTi is in the process of rolling-out the system to the vegetable oil refining industry on a worldwide basis through a global distribution network to a target market of vegetable oil refining plants.