BioHiTech Global Receives Orders for Its Revolution Series Digesters from Four Universities in the Northeastern US
Company expects to deliver a total of 12 units to these universities that will be capable of diverting a total of more than 2 million pounds of food waste from landfills each year
CHESTNUT RIDGE, NY, Sept. 24, 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 its Revolution Series™ Digesters from four universities located in the northeastern US.
The Company has completed several unit installations and expects to deliver a total of twelve digesters to the four universities that have a combined enrollment of more than 100,000 students. Upon full deployment, the twelve digesters will be capable of diverting more than 2 million pounds of food waste from landfills each year. In addition, the Revolution Series™ Digesters will also provide real-time data analytics to assist each university in determining ways to reduce overall food waste generation.
"Universities and colleges represent an important market vertical for BioHiTech and we are excited to expand our customer base in this area," said Frank E. Celli, CEO of BioHiTech Global. "With college dining halls and restaurants generating tens of millions of pounds of food waste each year, our digesters offer a cost-effective solution to dispose of this waste in a sustainable manner that avoids landfills and reduces CO2 emissions associated with waste transportation. In addition, our real-time data analytics platform can help these institutions achieve a reduction in food waste generation which is ultimately better for our planet as well as their bottom line."
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
[email protected]
www.biohitech.com
SOURCE BioHiTech Global, Inc.
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