CHESTNUT RIDGE, N.Y., June 13, 2017 /PRNewswire/ -- BioHiTech Global, Inc. ("BioHiTech" or the "Company") (OTCQB: BHTG), a green technology company that develops and deploys innovative and disruptive waste management technologies, provides an update on the initial launch of its new Revolution Series Digesters.
The Company received an extremely favorable response to the launch of its Revolution Series Digesters at the RFMA tradeshow in early March and has already received numerous requests for pilots from new and existing customers including several national restaurant and grocery store chains. As a result of the initial market response to the Revolution Series Digesters the Company has scheduled an initial order for 100 units that it expects to roll out in the coming quarters. 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 Company intends to expand its 30-day pilot programs and expects this will lead to a sharp increase in unit rentals that will impact revenue beginning in the second half of 2017.
Frank E. Celli, CEO of BioHiTech Global, stated, "We have received an overwhelmingly positive response to the launch of our new Revolution Series Digesters that has far exceeded even our own expectations. Our initial pilot units were deployed within the first two weeks of launch and we are building additional units to deploy with our growing backlog of customers who have requested pilot programs. Based on the initial response, we have brought an environmentally friendly solution to food waste disposal that is compact, easy to install, and cost effective that so many commercial markets were looking for. Additionally, the performance of our units currently in pilot testing has outperformed our expectations from an equipment throughput standpoint and we welcome a new breed of customers to our install base as a result."
The new Revolution Series Digesters are designed to cost effectively meet the needs of not only the restaurant market segment but also any small volume waste generator 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.
About BioHiTech Global
BioHiTech Global (OTCQB: BHTG), "The Company" headquartered in Chestnut Ridge NY, develops and deploys innovative and disruptive waste management technologies. The combined offerings of BioHiTech Global offer our customers a full suite of technology based disposal options capable of having a significant impact on waste generation while providing a true zero landfill environment. With options for both on and off site biological treatment of waste, BioHiTech Global is a leader in zero waste solutions for businesses and municipalities. For more information, please visit www.biohitechglobal.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.
SOURCE BioHiTech Global, Inc.