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BHTG Stock, BioHiTech Global Inc. Information

Stock Information

Company Name: BioHiTech Global Inc.
Stock Symbol: BHTG
Market: NASDAQ

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About BioHiTech Global Inc.

BioHiTech provides a simple, environmentally friendly, and cost effective solution for food waste disposal. BioHiTech has a global distribution license to sell, lease, use, distribute, and manufacture the product currently known as the Eco Safe Digester. The Eco Safe Digester is a data driven, network based mechanical/biological technology which transforms food waste into nutrient neutral water that can safely be disposed of via conventional sanitary sewer systems. The Eco Safe Digester reduces greenhouse gas emissions by reducing the volume of food waste being disposed of in landfills and eliminating the corresponding transportation of this waste. In addition, the technology saves users money by avoiding disposal costs tip fees and transportation charges. This process allows waste producing organizations to actively contribute to environmental sustainability and the preservation of resources in a cost effective manner. The Eco Safe Digester may be used by businesses in food service, hospitality, healthcare, government, conference centers, education centers, or stadiums that generate a high volume of waste. It is estimated that the US addressable market is in excess of , locations that could qualify for digesters and an additional , internationally. The Eco Safe Digester is currently installed throughout the United States, as well as in the United Kingdom, Canada and Israel. BioHiTech leverages its existing technology, by collecting, accumulating and providing empirical data to its users. In its simplest form, the BioHiTech Cloud quantifies food waste in a fashion that has historically not been available. It enables users to understand food waste generation habits, allowing customers to know where, when and how waste is being created. Tracking and analyzing waste based on creation time, food type, preparation stage or other key metrics to provide a clear picture of the food waste lifecycle. While the Eco Safe Digester already provides significant economic savings and decreases in carbon footprint, the addition of the BioHiTech Cloud increases that impact by helping the customer to more accurately manage inventory, preparation practices and staff efficiencies. The Eco Safe Digester The Eco Safe Digester is high technology appliance that provides a safe, clean and odorless process for converting organic waste to a nutrient neutral discharge that is introduced to the typical sewage drain. It is an ecologically friendly solution for processing food waste directly at its source. The Eco Safe Digester can digest up to , pounds of food waste every day including vegetables, fruits, meat, fish, poultry, grains, coffee grinds, egg shells and dairy products, with decomposition typically occurring within hours. The BioHiTech Cloud The BioHiTech solution is not based only on the removal of waste but also provides information and metrics to improve the efficiency of an organization. Such information has not been readily available to consumers in the past. By providing a cloud based dashboard, the BioHiTech Cloud gives real time visibility to the status of the device itself and provides insight to the efficiencies of the operations of food preparation and consumption of the user. Using leading edge cloud technologies, the systems allow for deep visibility into the process on an individual, regional, or national level. BioHiTech currently has a provisional patent pending on this technology. Currently, BioHiTech leverages multiple sales models including traditional capital expense sales model and all inclusive rental models. Typical customer return on investment is approximately three years depending on tip fees within their geographical footprint and without giving effect to potential savings due to increased efficiencies.