BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ:BHTG), a sustainable technology and services company, announced today that the Company has received a lease contract to install seven new food waste digesters at various Hackensack Meridian Health locations.
BioHiTech expects to complete the installations of the seven Revolution Series™ digesters in the fourth quarter of 2020. The orders were received through the Company's distribution partnership with a leading national provider of environmental and regulated waste management solutions. The new food waste digesters will help Hackensack Meridian Health reduce the environmental impact of its operations by safely disposing of food waste on-site, thereby lowering the amount of greenhouse gases emitted from traditional disposal methods. The Company's data analytics platform will also provide real-time transparency for food waste generation to help Hackensack Meridian Health in its waste reduction efforts.
"Healthcare represents a substantial opportunity for BioHiTech as it is an industry that generates significant amounts of food waste. This order is further indication of the increased activity we are seeing in a number of different market segments we service, where we believe our food digesters can make a lasting impact on the carbon footprint of food waste disposal," said Frank E. Celli, CEO of BioHiTech. "It also demonstrates the value of establishing partnerships in the waste management services industry to deepen the market penetration of this important technology. By partnering together with environmental services companies we can achieve success for customers, the environment, and one another. We look forward to working with Hackensack Meridian Health and other like-minded healthcare organizations seeking to cost-effectively manage food waste disposal while creating a more positive impact on our environment."