BioHiTech Global Continues to Deliver Shareholder Value
CHESTNUT RIDGE, NY / ACCESSWIRE / March 14, 2017 / BioHiTech Global, Inc. (“BioHiTech” or the “Company”) (OTCQB: BHTG), a green technology company that develops and deploys innovative and disruptive waste management technologies, recently announced the appointment of Anthony Fuller as an independent member to the Company’s Board of Directors. Mr. Fuller recently completed a thirty-year career at Walmart where he last held the position of Senior Vice President. During that tenure, he also served as one of twelve executives on the Walmart’s Global Sustainability Steering Committee providing direction for the company’s sustainability efforts. To land a person of this caliber speaks to the power of the products the Company has. It is rare to see a small/micro-cap company attract someone of Mr. Fuller’s business acumen.
The Company recently announced that it has received a purchase order from a growing West Coast specialty grocery chain to deploy BioHiTech’s Eco-Safe Digesters at nine additional, California locations in order to comply with the state’s newly implemented food waste disposal regulations. California’s Mandatory Commercial Organics Recycling program expanded its reach on January 1, 2017, to include all businesses that generate 4 cubic yards or more of organic waste per week. BioHiTech’s commercial food waste disposal systems offer a convenient one-step solution for converting food waste into safe wastewater, allowing businesses to expediently meet diversion requirements in a cost-effective manner while achieving greater levels of sustainability. BioHiTech’s on-site solution eliminates the need to store, transport and dispose of food waste – immediately reducing costs while eliminating the pests and odor that accompany food waste storage. The added advantage of BioHiTech’s proprietary real time analytics tool, which is incorporated in its Eco-Safe Digester, provides businesses an unprecedented level of transparency into waste generation and diversion efforts.
BioHiTech already has more than 25 Eco-Safe Digesters installed throughout California and these new regulations are providing increased demand for the company’s products while more businesses are forced to divert food waste from traditional disposal options. BioHiTech’s proprietary digestion process coupled with its smart information capabilities is a cost effective eco-friendly solution that also serves as a valuable supply chain management tool. The real-time measurement of waste generation is pinnacle in reducing overall waste generation while the efficient conversion of organic waste into a safe wastewater byproduct serves as the most environmentally sound means of food waste diversion.
This is an example of the Company signing a high end client and maintaining their focus on growing their recurring revenue steam, both positives.
Lastly, the Company recently announced the launch of the Revolution Series Digesters, the Company’s new sustainable food waste disposal solution designed for lower volume food waste generators. The new digester series targets a large market segment of the food services industry that represents more than 1.5 million potential customers including full and quick service restaurants, coffee shops, hospitality companies and other specialty food service providers.
The new Revolution Series Digesters are designed to cost effectively meet the needs of this market segment by leveraging the same regulatory compliant digestive technologies as the Company’s successful line of Eco-Safe Digesters that service the mid-to-large volume organic waste markets. The Revolution Series Digester units have a compact design requiring minimal floor space and eliminate the odors, leaks, and pests associated with the use of dumpsters and bins. They operate on standard 115 Volt power and can be easily connected to existing plumbing in about two hours. The rapid throughput of the units will enable BioHiTech to offer this sustainable solution at a cost that is competitive with or lower than traditional waste disposal.
The BioHiTech Revolution Series also offers BioHiTech Cirrus™, the Company’s proprietary cloud-based mobile app, that can turn each unit into a “Smart” device that provides a wealth of actionable real-time data analytics to improve supply chain management and operational efficiency. With over a million restaurants in the U.S. alone, the BioHiTech Revolution Series opens a vast untapped market segment for BioHiTech Global. The Company intends to aggressively market the product through its current distribution channels and sees those efforts having a positive impact on revenues beginning in the second half of 2017.
These new products illustrate the innovation and value in the sustainable waste disposal industry that the Company is creating. The Revolution Series opens a large new market opportunity for the Company by making their proprietary sustainable waste disposal solution economically viable for the multitude of prospective customers that do not require a larger unit. These units are compact, easy to install, and offer an excellent value proposition by reducing disposal costs and providing actionable supply chain management data. The Company believes the Revolution Series will be a significant driver of future revenue growth.
In closing, the Company continues to deliver value to shareholders through the recent announcements we highlighted and by having someone like Mr. Fuller come on board. The volume has picked up considerably over the past month as more and more investors are gaining exposure to the Company. For additional info on the Company, please visit www.sylvacap.com.
SOURCE: Sylva International, LLC
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