CHESTNUT RIDGE, N.Y.,
Nov. 12, 2018 /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 the Company has expanded sales efforts for its
digester solutions to include the Maritime
Industry.
The Maritime market segment includes large transport vessels,
oil platforms, compressed natural gas carrier ships, and offshore
drilling operations. With more than 50,000 merchant ships,
500 offshore rigs and 400 carrier ships currently in operation,
this represents a very large opportunity market for BioHiTech.
Additionally, these locations face unique challenges with
regard to food waste disposal, including limited space for waste
storage and waste processing equipment as well as water and power
usage constraints making BioHiTech's digesters the perfect
sustainable disposal solution.
BioHiTech's compact Revolution digesters are designed to handle
this challenging environment, utilizing an aerobic digestion
process that naturally breaks down food waste. Their durable
design and smart technology ensure that machines stay working at
sea, while minimizing the use of power and water.
BioHiTech has seen early success to-date in this space, deploying
its digesters in offshore drilling platforms and vessels in both
the Persian Gulf and the Gulf of
Mexico.
David Fenton, VP of Corporate
Sales says, "The Maritime Industry represents a very large market
opportunity for our technology. These vessels and platforms
have rigorous demands in terms of convenience, sustainability, and
reliability that make our digesters a great fit. Our
Revolution Series Digesters are particularly attractive to these
customers, especially on those vessels where space is at an
absolute premium. We look forward to expanding our presence in the
market as we continue to build our recurring revenue stream from
this business as we head into 2019."
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.bioihitech.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 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.
Rich Galterio
Executive Vice President
Direct: 845.367.0603
rgalterio@biohitech.com
www.biohitech.com
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SOURCE BioHiTech Global, Inc.