Cavitation Technologies, Inc. announced a new business opportunity with Sistema Municipal de Agua Potable y Alcantarillado de Chapala ("SIMAPA Chapala"), Mexico. CTi and SIMAPA Chapala signed a Memorandum of Understanding (MOU) on July 28, 2023, to pursue mutual interests in developing, deploying, evaluating, and implementing CTi's patented fluid processing technology. This innovative technology will be implemented in various water remediation processes.

This MOU sets forth the terms and understandings between the parties to ensure communication, collaboration, and coordination to implement research and development for further commercial applications of the technologies agreed upon by the parties.