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Latest Purchase Orders Extends to UK-Based Cunard and Italy-Based Costa Group
CHESTNUT RIDGE, N.Y., March 18, 2021 /PRNewswire/ -- BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ: BHTG), a sustainable technology and services company, announced today that it has expanded its relationship with Carnival Corporation ("Carnival") by mutually committing to providing the Company's technology to additional brands and geographies across its fleet. Recent purchase orders received for Revolution Series™ food digesters total over approximately $1.8 million and cover fifteen additional ships, including the first two ships from the United Kingdom-based Cunard Cruises and four from Italy-based Costa Group for their Costa Cruise Line. BioHiTech anticipates fulfilling these orders during the second and third quarters of 2021.
"We have been working swiftly and efficiently to fulfill our orders with Carnival. These orders expand our worldwide reach and continues to support Carnival's commitment to sustainable food waste management and environmental compliance," commented Tony Fuller, BioHiTech's Chief Executive Officer. "Including the most recent purchase orders, BioHiTech has received more than $8.4M in purchase orders from Carnival and we anticipate a continued rollout of our onboard bio-digester and analytics solution to the remaining ships under the Carnival umbrella."
The Revolution Series digesters, equipped with BioHiTech's proprietary data analytics platform provide valuable data, including the weight and volume of food waste digested, the net food waste reduced and the amount of CO2 reduced. "We are pleased to bring these solutions to Carnival as we all anticipate the resumption of cruising."
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.
BioHiTech Global, Inc.
VP, Corporate Communications
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SOURCE BioHiTech Global, Inc.