CHESTNUT RIDGE, N.Y.,
Nov. 9, 2020 /PRNewswire/ --
BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ:
BHTG), a sustainable technology and services company, announced
today it has received approximately $3.3
million in purchase orders for its Revolution
Series™ food waste digesters from Carnival Corporation since
the company reinitiated the installation of food waste digesters on
its ships in July, 2020.
BioHiTech expects to receive additional orders in the fourth
quarter of 2020 and throughout 2021 as Carnival prepares for the
eventual resumption of cruising. The Company has ramped up
production and begun shipments with the expectation of additional
deliveries taking place on a regular basis in the coming
quarters. Utilization of the Revolution Series digesters,
equipped with BioHiTech's proprietary data analytics platform, is
part of Carnival's comprehensive plan to limit food waste,
achieve safe onboard disposal, and improve associated environmental
outcomes.
"Carnival continues to move forward with the rollout of our food
waste digesters on their fleet of cruise ships and today's news
about the effectiveness of a potential vaccine for COVID-19 bodes
very well for the successful resumption of cruising in the near
future," said Tony Fuller, CEO of
BioHiTech Global. "We have ramped up production, begun making
deliveries and look forward to working closely with Carnival to
help achieve their sustainability goals."
About BioHiTech Global
BioHiTech Global, Inc.
(NASDAQ: BHTG), is a technology services company focused on
providing cost-effective solutions that improve environmental
outcomes. Our technologies for waste management include the
patented processing of municipal solid waste into a valuable
renewable fuel, biological disposal of food waste on-site, and
proprietary real-time data analytics tools to reduce food waste
generation. When used individually or in combination, our solutions
lower the carbon footprint associated with waste transportation and
can reduce or virtually eliminate landfill usage. In addition, we
distribute a patented technology that achieves high-level
disinfection of spaces such as classrooms, hotel or hospital rooms
and other enclosed areas to combat the spread of viruses and
bacteria without the use of harsh chemicals. Our unique
solutions enable businesses, educational institutions and
municipalities of all sizes to solve everyday problems in a smarter
and more cost-effective way while reducing their impact on the
environment. 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, including statements about the estimated contract
value, additional purchase orders or deliveries, and the ability of
the Company's products to improve environmental outcomes and
achieve corporate sustainability goals, are based on many
assumptions and estimates and are not guarantees of future
performance. These statements 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
Investors:
ir@biohitech.com
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SOURCE BioHiTech Global, Inc.