BioHiTech Global, Inc. (OTCQB: BHTG) is engaged as a cloud computing company, which develops technological solutions for waste management. Shares of the waste management technology company are rallying 12.24%, through afternoon trading on Thursday, August 10, 2017. Over the past month, BioHiTech Global, Inc. has seen average daily volume of 35,016 shares. However, volume of 45,357 shares or dollar volume of $295,274, has already exchanged hands on Thursday.
Shares of BioHiTech Global, Inc. are gaining today, after the company announced it has launched its BHTG Smart Mode, a technology for the company’s Eco-Safe Digester and Revolution Series Digester. In addition, the company has filed a provisional patent application for its new software and technology. Here is the full press release detailing of the new technology:
BioHiTech Global, Inc. Press Release:
CHESTNUT RIDGE, N.Y., Aug. 8, 2017 /PRNewswire/ — BioHiTech Global, Inc. (OTCQB: BHTG), a green technology company that develops and deploys innovative and disruptive waste management technologies, today announced the launch of BHTG Smart Mode, a new technology for its Eco-Safe Digester® and Revolution Series™ Digester lines of on-site food waste disposal equipment. Smart Mode leverages cloud computing, machine learning, and the on-board internet-connected computer in the digester to intelligently drive the equipment in order to optimize performance and reduce servicing downtime.
“Smart Mode essentially makes our equipment much smarter,” said Bill Kratzer, Chief Technology Officer of BioHiTech Global. “By harnessing the computing power and data in our cloud, we have created software that can more intelligently control our equipment to improve performance and make our units even more cost effective. Through this intelligent control system our machines can conserve more water and reduce energy usage, while improving the throughput and reliability of the equipment. This saves the customer money and has the potential to significantly reduce our servicing costs as we expand BioHiTech’s global footprint in the coming years.”
The Company has filed a provisional patent application for the new software and believes this technology can be utilized for intelligent control of many types of PLC-controlled industrial machines serving a wide variety of vertical markets beyond waste disposal. The software will be installed in all future deliveries of its Internet connected digesters and the Company expects to equip all currently supported internet-enabled units by the end of the current year.
Frank E. Celli, Chief Executive Officer added, “This technology is another example of how BioHiTech is leading the way in transforming the waste industry making it more efficient and environmentally friendly. We have been championing the usefulness of cloud computing, big data, and smart technology to transform our environmentally responsible waste management solution into a valuable supply chain management tool that helps reduce costs and improve the bottom line of our customers. Smart Mode is another significant step forward in positioning our Company as a technology leader in managing waste disposal efficiently and responsibly. “
About BioHiTech Global, Inc.
BioHiTech Global, Inc. (OTCQB: BHTG), “The Company” headquartered in Chestnut Ridge NY, develops and deploys innovative and disruptive waste management technologies. We provide waste management solutions to a global customer base encompassing 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 of all sizes. 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.