NEW YORK, NY / ACCESSWIRE / January 6, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has initiated coverage on BioHiTech Global, Inc. (OTCBB: BHTG) with a price target of $7.44 per share.
The report is available here: BHTG Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack's. The report will be available on these platforms. The firm also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.
BioHiTech Global, Inc. develops and manufactures food waste disposal technology to take advantage of opportunities within the waste management industry, which has had very little change in the past 50 years. BHTG offers customers a more cost-effective and technologically innovative solution compared to traditional disposal. BHTG offers the Eco-Safe Digester(R), an on-site aerobic digester that eliminates food waste by converting it into nutrient-neutral water or "grey-water" and transporting it through standard sewer lines. Its Eco-Safe Digester(R) can be used for meat, seafood, poultry, produce, dairy, prepared foods, grains, bread, and pastries. This Digester is ideal for use in any food service, hospitality, healthcare, government, conference center, education center, or stadium that generates a high volume of waste. BHTG also provides the BioHiTech Cloud, a reporting platform that measures key metrics to optimize the food waste disposal process and help eliminate food waste from the start. BHTG attempts to create an eco-friendly way of disposing waste by producing resource saving technology, cloud-based analytics and remote-servicing measures that collects and analyzes the data that helps to minimize the creation of waste, reduce the carbon emissions, and increase recycling rates.
"BHTG's unique solution to food waste combines green technology with the power of big data. BHTG offers a product called Eco-Safe Digester(R), which is supported by the BioHiTech Cloud(TM), a reporting platform that helps reduce the generation of waste as well as reduce costs and increase recycling rates. BHTG has expanded their product reach to 11 different countries and has proven to be a safe and sustainable leader in the eco-friendly waste removal industry," stated Ajay Tandon, CEO of SeeThruEquity. "We are initiating coverage with a 12-month price target of $7.44 per share."
Additional highlights from the report are as follows:
Implementing the right solution
Around 30% of the world's food supply is wasted each year, which amounts to a global cost of $750bn. More than 34mn tons of food waste is transported to landfills each year by means of an inefficient disposal process that is neither sustainable for our planet nor cost efficient. In the US alone, over $100bn worth of food was wasted every year and 98.4% ends up in landfills. BioHiTech offers its customers a tool to minimize the generation of the waste and eliminate what is left in a more efficient manner. The Eco-Safe Digester(R) also significantly reduces greenhouse gas emissions by providing a sustainable means of transportation for the waste by-product that no longer requires on-road transportation.
Improve operational efficiency and profits with on-site digestion
The Eco-Safe Digester(R) technology eliminates food waste at the point of generation. The digester digests up to 2,500 pounds of food waste each day into grey water. Since the digested food waste is converted into grey water, it is natural to use the municipal sewer systems to transport that water to wastewater treatment facilities where it will be recovered. The approach offers a more sustainable means of transportation, eliminating the need for excess trucks. Eliminating food waste on-site lowers operational costs, storage capacity requirement, and removes safety concerns, but more importantly empowers building owners and the generators of the food waste with the transparency and knowledge that will allow them to make smarter decisions so they can learn how to effectively start preventing waste.
BioHiTech Cloud(TM) helps to capture and analyze real time data
The BioHiTech Cloud(TM) tracks usage and utilization. It allows customers to gain access to daily disposal data and can help determine the origins of waste and time of day the waste is created. Tracking usage by hour and by employee will guarantee that all of the wasted foods are fed into the digester throughout the day. A summary report is sent each night to help analyze the performance of the digester. The BioHiTech Cloud(TM) tracks savings in a more efficient way compared to traditional method.
Please review important disclosures at www.seethruequity.com.
BioHiTech Global, Inc.
BioHiTech Global, Inc. provides food waste disposal technologies and solutions. BHTG produces the Eco-Safe Digester(R), an on-site aerobic digester that eliminates food waste by converting it into nutrient-neutral water or "grey-water" and transporting it through standard sewer lines. Its Eco-Safe Digester(R) is used for meat, seafood, poultry, produce, dairy, prepared foods, grains, bread, and pastries. The Digester is ideal for use in any food service, hospitality, healthcare, government, conference center, education center, or stadium that generates a high volume of waste. The Company also provides the BioHiTech CloudTM, a reporting platform that measures key metrics to optimize the food waste disposal process and help eliminate food waste from the start.
For more information, please visit the Company's website at www.BioHiTech.com.
About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. The company does not conduct any investment banking or commission based business. SeeThruEquity is approved to contribute its research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute its research to its database of opt-in investors. The company also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.
For more information visit www.seethruequity.com.
Contact:
Ajay Tandon
SeeThruEquity
info@seethruequity.com
SOURCE: SeeThruEquity
