Modern Waste Products to Offer BioHiTech's IIoT Data Analytics Platform on its Smart Compactors
CHESTNUT RIDGE, N.Y., Sept. 26, 2017 /PRNewswire/ -- BioHiTech Global, Inc. ("BioHiTech" or the "Company") (OTCQB: BHTG), a green technology company that develops and deploys innovative and disruptive waste management technologies, today announced that BINPAK Compactors, a wholly-owned subsidiary of Modern Waste Products Inc., a Canadian company specializing in the design, production and distribution of the BINPAK® compactor, will offer customers the option of installing BioHiTech's IIoT (Industrial Internet of Things) data analytics platform on its compactors to provide utilization information, improve customer service and reduce overall usage costs.
The BINPAK® compactor provides a clean self-contained system that holds up to six times the amount of trash, compared to other standard size waste bins. BINPAK Compactors offer significant benefits in addition to high efficiency compaction; those additional benefits include safer equipment design with its low height, a cleaner waste area free of odor, and a design that deters all animal and pest attraction. The additional visibility provided by BioHiTech's IIoT platform will help to further improve utilization rates, and to increase the overall efficiency of waste handling at a customer location.
Bill Kratzer, Chief Technology Officer at BioHiTech commented, "We are excited to be offering the integration of our IIoT cloud platform with the BINPAK® compactor to help increase customer efficiencies and reduce overall customer costs. We believe the platform we have developed for our own food waste digesters has significant possibilities for use with other industrial equipment and this relationship provides us with an excellent proof of concept opportunity. By harnessing the power of industrial IoT data, we can help people fully realize the power of their equipment investment to gain improved service levels and ultimately improve customer satisfaction. We look forward to leveraging the use of our platform to provide significant value to BINPAK® customers."
Mark Hanson, President of Modern Waste Products, added, "We see the ability to offer real-time data analytics to our customers as a huge product differentiator for BINPAK®. By providing our customers with visibility into actual waste generation patterns relative to equipment usage, we can give them the tools to make better and quicker decisions about their waste collection requirements, leaving more time to focus on their business."
The BioHiTech IIOT platform (BioHiTech Cloud(TM)) is currently utilized to manage BioHiTech's line of Revolution and Eco-Safe Digesters®. The platform serves as a powerful supply chain management resource for BioHiTech's customers by tracking, quantifying and analyzing various data points including but not limited to waste volume and type, environmental impact, cost savings, and return on investment. The platform also serves as a tool for BioHiTech's service team and partner network to monitor, manage, and improve machine efficiencies while minimizing variable support costs.
About BINPAK Compactors
Modern Waste Products Inc., is a family-owned Canadian company specializing in the design, production and distribution of the BINPAK compactor. The corporate office and assembly plant is located in Brantford, Ontario, with a second office in Salmon Arm, British Columbia. The BinPak® is used for general waste, or cardboard/paper, or recyclables, with many customers having multiple units to handle different waste streams. The BINPAK Compactor is covered under full patent protection in the U.S. and Canada. The company has strong relationships with its distributor and reseller channel and is developing additional distribution channels in Canada, the USA, and other offshore countries. For more information please visit www.binpak.com.
About BioHiTech Global
BioHiTech Global (OTCQB: BHTG), "The Company" headquartered in Chestnut Ridge NY, develops and deploys innovative and disruptive waste management technologies. The combined offerings of BioHiTech Global offer our customers 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. For more information, please visit www.biohitech.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.
Company Contact:
BioHiTech Global, Inc.
Lisa Giovannielli
Director, Corporate Communications
Direct: 845-262-1081
lgiovannielli@biohitech.com
www.biohitechglobal.com
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SOURCE BioHiTech Global, Inc.
