CHESTNUT RIDGE, N.Y.,
Aug. 3, 2020 /PRNewswire/
-- BioHiTech Global, Inc. ("BioHiTech" or the "Company")
(NASDAQ: BHTG), a technology and services company that provides
cost-effective and sustainable waste management solutions,
announced today it has received an additional purchase order for
its Revolution Series Digesters from Carnival Corporation &
plc, the world's largest cruise company, bringing the total value
of orders received in July to approximately $1 million.
Shipments on Carnival Corporation's recent orders are expected
to commence late in the third quarter of 2020 and are part of the
previously announced purchase contract between the two companies
with an estimated value of up to $14
million. This new purchase order is slated to equip
Carnival's newest 2,600 room ship, Mardi Gras, scheduled to
enter service in February, 2021. BioHiTech will provide
multiple Revolution Series Digesters and supplies for the Mardi
Gras to help reduce greenhouse gases and improve environmental
outcomes through the safe onboard disposal of food waste. The
Company's data analytics platform will also provide real-time
transparency for food waste generation to assist in Carnival
Corporation's waste reduction efforts.
"We believe this order represents further progression in our
partnership with Carnival Corporation as they prepare for the
launch of this state-of-the-art ship in 2021," said Frank E. Celli, CEO of BioHiTech Global.
"The continued implementation of this contract, coupled with our
recent equity financing, places BioHiTech in a solid position to
move forward across all of our business fronts, including our new
disinfecting distribution business. We are focused on the execution
of this contract as well as the expansion of our entire business as
we work to build significant long-term value for our
stockholders."
About Carnival Corporation & plc
Carnival Corporation & plc is one of the world's largest
leisure travel companies with a portfolio of nine of the world's
leading cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise
Line, Princess Cruises, Holland America Line, Seabourn, P&O
Cruises (Australia), Costa
Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.
Additional information can be found on www.carnival.com,
www.princess.com, www.hollandamerica.com, www.seabourn.com,
www.pocruises.com.au, www.costacruise.com, www.aida.de,
www.pocruises.com and www.cunard.com.
About BioHiTech Global
BioHiTech Global, Inc. is
changing the way we think about waste management. Our
cost-effective technology solutions 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. Our unique
solutions enable businesses and municipalities of all sizes to
lower disposal costs while having a positive impact on the
environment. When used individually or in combination, our
solutions lower the carbon footprint associated with waste
transportation and can reduce or virtually eliminate landfill
usage. 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 reduce greenhouse gases 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.