International Cavitation Tech-nologies, Inc. (ICTK), Tulsa, OK, has granted a license to Ground Floor Capital, L.C. (GFC), a venture capital merchant bank in Naples, FL, for exclusive rights to ICTK’s patent relating to air conditioning using its Ion Collider™ cavitation technology, for compressors and refrigerants.
GFC is managed by a subsidiary of Beckwith Financial Group, a Naples-based investment banking firm focused on emerging technologies. Beckwith will commercially develop applications of the technology, which is expected to improve efficiency and reduce operating costs for residential, commercial, and industrial a/c systems.