BioHiTech Receives New Food Waste Digester Orders from Holland America and P&O Cruises and Additional Orders from Princess Cruises
BioHiTech Global (NASDAQ: BHTG) announced significant new orders totaling approximately $1.44 million for its Revolution Series™ food digesters. This includes a $700,000 order from Holland America Line, a $650,000 order from Princess Cruises, and a $90,000 order from P&O Cruises in Australia. These orders showcase BioHiTech's expanding partnership with Carnival Corp.'s brands as they prepare for the resumption of cruise operations. The company aims to enhance sustainable food waste management and improve environmental outcomes with its innovative technology.
- New purchase orders totaling approximately $1.44 million enhance revenue outlook.
- Strengthens partnerships with major cruise brands under Carnival Corp.
- Further establishes BioHiTech as a leader in sustainable waste management solutions.
- None.
CHESTNUT RIDGE, N.Y., Dec. 16, 2020 /PRNewswire/ -- BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ: BHTG), a sustainable technology and services company, announced today it has received a new purchase order for its Revolution Series™ food digesters from Holland America Line valued at approximately
"This is an important milestone for BioHiTech demonstrating our growing relationship with Carnival Corp.'s third and fourth brands, Holland America Line and P&O Cruises, while adding to our service of Carnival's Princess Cruises as well," commented Tony Fuller, BioHiTech's Chief Executive Officer. "As Carnival Cruise Lines, Holland America, Princess, P&O Cruises, and the rest of the Carnival family of brands move toward a resumption of the cruise business, we are pleased to be part of their sustainable food waste management systems and enhanced stewardship over the environment."
The Revolution Series digesters, equipped with BioHiTech's proprietary data analytics platform, is part of the Carnival umbrella's comprehensive plan to limit food waste, achieve safe onboard disposal, and improve associated environmental outcomes.
"These orders further support BioHiTech's continued growth and substantive progress in strengthening our position as a leading provider of sustainable food waste disposal solutions," continued Mr. Fuller. "We look forward to maintaining the highest levels of product and service quality for our products in supporting our clients' growing needs, while delivering value creation for our BioHiTech shareholders."
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, except as required by securities laws. 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.
Company Contact:
BioHiTech Global, Inc.
Lisa Giovannielli
VP, Corporate Communications
O: 888.876.9300
E: lgiovannielli@biohitech.com
www.biohitech.com
Investors:
ir@biohitech.com
Media:
pr@coreir.com
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SOURCE BioHiTech Global, Inc.
FAQ
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