BioHiTech Global Receives Orders for Twenty Revolution Series Digesters for Delivery to Several Leading International Hospitality Companies
Company expects to complete shipments of the units in the Fourth Quarter
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.
Company Contact:
BioHiTech Global, Inc.
Richard Galterio
Executive Vice President
Direct: 845.367.0603
rgalterio@biohitech.com
www.biohitech.com
BioHiTech Global, Inc.
Web Site: http://www.biohitech.com
