BioHiTech Receives Additional Purchase Order from Carnival Corporation for Its Food Waste Digesters Bringing the Total Value of Orders Received in July to Approximately $1 Million
CHESTNUT RIDGE, N.Y., Aug. 3, 2020 /PRNewswire/ -- BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ: BHTG), a technology and services company that provides cost-effective and sustainable waste management solutions, announced today it has received an additional purchase order for its Revolution Series Digesters from Carnival Corporation & plc, the world's largest cruise company, bringing the total value of orders received in July to approximately $1 million.
Shipments on Carnival Corporation's recent orders are expected to commence late in the third quarter of 2020 and are part of the previously announced purchase contract between the two companies with an estimated value of up to $14 million. This new purchase order is slated to equip Carnival's newest 2,600 room ship, Mardi Gras, scheduled to enter service in February, 2021. BioHiTech will provide multiple Revolution Series Digesters and supplies for the Mardi Gras to help reduce greenhouse gases and improve environmental outcomes through the safe onboard disposal of food waste. The Company's data analytics platform will also provide real-time transparency for food waste generation to assist in Carnival Corporation's waste reduction efforts.
"We believe this order represents further progression in our partnership with Carnival Corporation as they prepare for the launch of this state-of-the-art ship in 2021," said Frank E. Celli, CEO of BioHiTech Global. "The continued implementation of this contract, coupled with our recent equity financing, places BioHiTech in a solid position to move forward across all of our business fronts, including our new disinfecting distribution business. We are focused on the execution of this contract as well as the expansion of our entire business as we work to build significant long-term value for our stockholders."
About Carnival Corporation & plc
Additional information can be found on www.carnival.com, www.princess.com, www.hollandamerica.com, www.seabourn.com, www.pocruises.com.au, www.costacruise.com, www.aida.de, www.pocruises.com and www.cunard.com.
About BioHiTech Global
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SOURCE BioHiTech Global, Inc.