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BioHiTech Global (NASDAQ: BHTG) announced a significant expansion of its partnership with Carnival Corporation, receiving approximately $1.8 million in new purchase orders for its Revolution Series™ food digesters. These orders will be fulfilled across fifteen ships, including two from Cunard Cruises and four from Costa Group. This brings the total value of orders from Carnival to over $8.4 million. The digesters provide crucial analytics on food waste reduction and CO2 emissions, supporting Carnival's sustainability goals.
BioHiTech Global is set to present at the 7th Annual Gabelli Funds Waste and Environmental Services Symposium on March 18, 2021. CEO Tony Fuller will engage in a 20-minute discussion about the company's 2021 outlook with Tony Bancroft, a Research Analyst at GAMCO Investors Inc., starting at 8:00 AM Eastern time. The event will be held virtually, and participants can register through the provided link. BioHiTech specializes in sustainable technology solutions aimed at reducing environmental impact through innovative waste management.
BioHiTech Global, Inc. (NASDAQ: BHTG) announced new purchase orders worth $2 million for its Revolution Series™ food digesters, aimed at enhancing sustainability on 12 Carnival Cruise Lines and 2 Princess Cruises ships. These orders reflect Carnival's commitment to sustainable food waste management as cruise operations resume. BioHiTech's digesters, integrated with a proprietary data analytics platform, are designed to reduce food waste and improve environmental outcomes. Fulfillment of these orders is expected by the second quarter of 2021.
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.
BioHiTech Global (NASDAQ: BHTG) reported Q3 2020 revenues of $742,877, a 48% decline from $1,426,775 in Q3 2019. This drop was mainly due to a 59% revenue fall at the Martinsburg facility, alongside a $247,649 negative revenue adjustment. Operating expenses surged 53% to $4,660,333, driven by various costs including impairment and management transition. The net loss per share increased to ($0.16) from ($0.13) year-over-year. Notably, the company secured $1.4 million in new digester orders from Carnival Corp. and closed a $9.5 million public offering, netting $8.4 million.
BioHiTech Global, Inc. (NASDAQ: BHTG) has announced it will report its third quarter 2020 financial results on November 19, 2020, after market close. Management will hold a conference call at 4:30 p.m. ET on the same day to discuss the results and provide corporate updates. Interested participants can pre-register for the call or dial in directly. The event will be accessible via a live webcast and will offer a replay approximately one hour after the call concludes. BioHiTech specializes in sustainable technology solutions for waste management and environmental outcomes.
BioHiTech Global, a sustainable technology company, will report its third quarter 2020 financial results on November 16, 2020, after market close. A conference call will follow at 4:30 PM ET for a review of financial results and corporate developments. Participants can pre-register for the call. The company aims to provide cost-effective solutions for waste management, focusing on reducing environmental impact through patented technologies. More information is available on their website.
BioHiTech Global, Inc. (NASDAQ: BHTG) secured approximately $3.3 million in purchase orders for its Revolution Series™ food waste digesters from Carnival Corporation, with installations having resumed in July 2020. The company anticipates further orders in Q4 2020 and into 2021 as Carnival prepares to resume cruising operations. BioHiTech has increased production and shipments, contributing to Carnival's sustainability goals by reducing food waste and enhancing environmental outcomes. CEO Tony Fuller expressed optimism about the collaboration and the potential benefits of a COVID-19 vaccine for the cruise industry.
BioHiTech Global, Inc. (NASDAQ: BHTG) appointed Anthony Fuller as CEO, effective November 5, 2020. Fuller, previously the Chief Administrative Officer, succeeds founder Frank E. Celli, who will stay on as Chairman. With a 30-year background at Walmart, where he focused on sustainability and renewable energy, Fuller aims to further BioHiTech's innovative initiatives, including waste-to-fuel conversion and advanced disinfection technology. His leadership is expected to enhance the company's strategies in environmental solutions and sustainability.
BioHiTech Global (NASDAQ: BHTG) announced that SeaDream Yacht Club has successfully completed its first cruise using the Altapure AP-4™ disinfectant system as part of COVID-19 safety protocols. The SeaDream I yacht conducted a 15-day voyage to Barbados, with onboard disinfection ensuring safety for passengers and crew. BioHiTech's CEO praised SeaDream for setting a safety-first example for the cruise industry. The Altapure AP-4™ offers high-level disinfection, targeting a range of viruses and bacteria, reinforcing BioHiTech's commitment to sustainable and safe solutions.
