CHESTNUT RIDGE, N.Y.,
Oct. 16, 2019 /PRNewswire/ --
BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ:
BHTG), a technology and services company that provides
cost-effective and sustainable waste management solutions, today
announced that it has received orders for twenty of its Revolution
Series™ Digesters for delivery to several leading international
hospitality companies, including two new end-customers.
The orders consist of several direct sales as well as rental
contracts. The Company has already shipped six units and expects to
complete delivery of the remaining units in the fourth quarter. The
digesters will be installed in hotel and hospitality locations in
both Europe and the United States. The Company sees
significant opportunity for additional unit deployments within its
growing hospitality customer base. BioHiTech's Revolution Series
Digesters provide a cost-effective, regulatory-compliant food waste
disposal solution that helps meet the sustainability goals of
today's businesses. BioHiTech's Digester technology safely disposes
food waste on-site, eliminating the costs and greenhouse gases
associated with the transportation and disposal of that waste.
BioHiTech's patented cloud-based data analytics platform also
empowers businesses with tools to track food waste diversion and
potentially find areas to reduce food waste generation.
"We believe the hospitality industry represents a very large
market opportunity for BioHiTech and we are pleased to add several
well-known international companies to our growing customer base,"
said Frank E. Celli, CEO of
BioHiTech Global. "Using our full suite of Revolution digesters to
eliminate the need for traditional disposal of food waste, provides
an economically viable means for our clients to achieve their
sustainability objectives. We continue to see a growing interest in
our Revolution Series™ Digesters and our pipeline of potential
business is progressively building in several market segments. We
look forward to further expansion of recurring revenue from
BioHiTech's installed digester base as we continue to implement our
strategic growth plan to build lasting value for our
stockholders."
About BioHiTech Global
BioHiTech Global, Inc. (NASDAQ:
BHTG), is changing the way we think about managing waste. Our
innovative waste management services combined with our disruptive
technologies provide sustainable waste disposal and supply chain
management solutions for businesses and municipalities of all
sizes. Our cost-effective technology platforms can virtually
eliminate landfill usage through real-time data analytics to reduce
waste generation, biological disposal of food waste at the point of
generation, and the processing of municipal solid waste into a
valuable renewable fuel. For more information, please visit
www.biohitech.com.
Forward Looking Statements
Statements in this document
contain certain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements are
based on many assumptions and estimates and are not guarantees of
future performance. These statements, including statements about
the deployment of digesters, may involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of BioHiTech Global, Inc. to be
materially different from future results, performance or
achievements expressed or implied by such forward-looking
statements. BioHiTech Global, Inc. assumes no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future. Our actual results may differ materially from the results
anticipated in these forward-looking statements due to a variety of
factors, including, without limitation those set forth as "Risk
Factors" in our filings with the Securities and Exchange Commission
("SEC"). There may be other factors not mentioned above or included
in the BioHiTech's SEC filings that may cause actual results to
differ materially from those projected in any forward-looking
statement. BioHiTech Global, Inc. assumes no obligation to update
any forward-looking statements as a result of new information,
future events or developments, except as required by securities
laws.
Company Contact:
BioHiTech Global, Inc.
Richard Galterio
Executive Vice President
Direct: 845.367.0603
rgalterio@biohitech.com
www.biohitech.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/biohitech-global-receives-orders-for-twenty-revolution-series-digesters-for-delivery-to-several-leading-international-hospitality-companies-300939454.html
SOURCE BioHiTech Global, Inc.