BioHiTech Global enters into project management services agreement with Lone Cypress Energy Services
CHESTNUT RIDGE, NY, June 9, 2021 / PRNewswire / – BioHiTech Global, Inc. (“BioHiTech“or the” Company “(NASDAQ: BHTG), a sustainable technology and services company, has entered into a project management services agreement with Lone Cypress Energy Services, LLC (“Lonely cypress) to evaluate and develop new High Efficiency Biological Treatments (HEBioTMT) projects. Together, the two companies will also explore other uses of recovered solid fuel (âSRFâ) and other potential fuels that may be developed.
Lonely cypress will play a leading role in environmental clearance and regulatory compliance services related to the development of additional patented HEBioT facilities and in the renewable energy sector. This includes all additional projects related to solar energy, hydrogen and other renewable technologies. BioHiTech and Lonely cypress are also in discussions with several general construction and engineering management companies to guide construction and provide oversight of cost management in executing future opportunities.
âWe are happy to work with Lonely cypress to provide project analysis, management and industry understanding of waste-to-energy projects, which enables our team to better leverage the many inquiries we receive about our HEBioT technology, âsaid Tony fuller, CEO of BioHiTech. “Our companies are currently exploring additional uses for our SRF, such as fuel for cogeneration and as a feedstock for bioplastics.”
BioHiTech launched its first HEBioT resource recovery facility in Martinsburg, West Virginia in 2019. This facility is capable of treating 110,000 tonnes of municipal solid waste per year while producing nearly 50,000 tonnes of SRF for use by cement manufacturing partners as a partial replacement for coal.
Like the communities around United States sought to find solutions for municipal solid waste disposal, BioHiTech established a successful model for making a useful product from waste resulting in significant diversion from landfills and reduced greenhouse gas emissions. In addition, our sorting of municipal solid waste has increased the amount of recycled metals brought to market that would otherwise have gone to landfill.
âBioHiTech is one of the preeminent members of the waste management community, and we look forward to partnering with this reputable company. Their advanced HEBioT technology has incredible potential for the household waste industry. project execution experience with their industry our knowledge positions us well for our future growth. We look forward to working with BioHiTech on these exciting opportunities, âsaid Greg brooks, President of Lonely cypress.
About BioHiTech Global
BioHiTech Global, Inc. (NASDAQ: BHTG) is a technology services company focused on delivering cost-effective solutions that improve environmental outcomes. Our waste management technologies include the patented processing of municipal solid waste into a valuable renewable fuel, on-site biological food waste disposal and proprietary real-time data analysis tools to reduce food waste production. When used individually or in combination, our solutions reduce the carbon footprint associated with transporting waste and can reduce or virtually eliminate landfill use. In addition, we distribute patented technology that enables high-level disinfection of spaces such as classrooms, hotel or hospital rooms and other closed areas to combat the spread of viruses and bacteria without the use of aggressive chemicals. Our unique solutions enable businesses, educational institutions and municipalities of all sizes to solve everyday problems smarter and more cost effectively while reducing their impact on the environment. For more information, please visit www.biohitech.com.
About Lonely cypress
Lone Cypress Energy Services, LLC is an independent energy company focused on developing and operating infrastructure across the entire energy value chain. Based at Tulsa, alright, Lonely cypress offers a full range of technology solutions including EPC (Engineering, Procurement and Construction) contracting, project management, asset operations and project finance. Lonely cypress specializes in the development of energy recovery solutions from waste, traditional intermediate oil and gas facilities and hydrogen production and distribution projects. Our management team is supported by technical professionals with over 100 years of combined experience in execution. For more information, please visit www.lonecypressenergyservices.com.
The statements contained 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, including statements about estimated contract value, purchase orders or additional deliveries, and the ability of the Company’s products to improve environmental outcomes and meet the Company’s sustainability goals, 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 that may cause BioHiTech Global, Inc.’s actual results, performance or achievements to be materially different from future results, performance or achievements expressed or under- understood by these 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 why 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 various factors, including, without limitation, those stated as âRisk Factorsâ in our filings with the Securities and Exchange Commission (âSEC “). There may be other factors not mentioned above or included in BioHiTech’s SEC records that may cause actual results to differ materially from those projected in any forward-looking statement. BioHiTech Global, Inc. assumes no obligation to update forward-looking statements as a result of new information, future events or developments, except as required by securities laws.
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