New York, NY -
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced the following companies are verified for trading on the OTCQB® Venture Market:
BioHiTech Global, Inc. (OTCQB: BHTG) – BioHiTech provides a simple, environmentally friendly, and cost-effective solution for food waste disposal. BioHiTech has a global distribution license to sell, lease, use, distribute, and manufacture the product currently known as the Eco-Safe Digester. The Eco-Safe Digester is a data-driven, network-based mechanical/biological technology which transforms food waste into nutrient-neutral water that can safely be disposed of via conventional sanitary sewer systems. The Eco-Safe Digester reduces greenhouse gas emissions by reducing the volume of food waste being disposed of in landfills and eliminating the corresponding transportation of this waste. In addition, the technology saves users money by avoiding disposal costs ("tip fees") and transportation charges. This process allows waste producing organizations to actively contribute to environmental sustainability and the preservation of resources in a cost-effective manner. The Eco-Safe Digester may be used by businesses in food service, hospitality, healthcare, government, conference centers, education centers, or stadiums that generate a high volume of waste. It is estimated that the U.S. addressable market is in excess of 250,000 locations that could qualify for digesters and an additional 250,000 internationally.
The Eco-Safe Digester is currently installed throughout the United States, as well as in the United Kingdom, Canada and Israel.
BioHiTech leverages its existing technology, by collecting, accumulating and providing empirical data to its users. In its simplest form, the BioHiTech Cloud quantifies food waste in a fashion that has historically not been available. It enables users to understand food waste generation habits, allowing customers to know where, when and how waste is being created. Tracking and analyzing waste based on creation time, food type, preparation stage or other key metrics to provide a clear picture of the food waste lifecycle. While the Eco-Safe Digester already provides significant economic savings and decreases in carbon footprint, the addition of the BioHiTech Cloud increases that impact by helping the customer to more accurately manage inventory, preparation practices and staff efficiencies.
The Eco-Safe Digester - The Eco-Safe Digester is a high technology appliance that provides a safe, clean and odorless process for converting organic waste to a nutrient neutral discharge that is introduced to the typical sewage drain. It is an ecologically-friendly solution for processing food waste directly at its source. The Eco-Safe Digester can digest up to 2,500 pounds of food waste every day including vegetables, fruits, meat, fish, poultry, grains, coffee grinds, egg shells and dairy products, with decomposition typically occurring within 24 hours.
The BioHiTech Cloud - The BioHiTech solution is not based only on the removal of waste but also provides information and metrics to improve the efficiency of an organization. Such information has not been readily available to consumers in the past. By providing a cloud-based dashboard, the BioHiTech Cloud gives real-time visibility to the status of the device itself and provides insight to the efficiencies of the operations of food preparation and consumption of the user. Using leading edge cloud technologies, the systems allow for deep visibility into the process on an individual, regional, or national level. BioHiTech currently has a provisional patent pending on this technology. Currently, BioHiTech leverages multiple sales models including traditional capital expense sales model and all-inclusive rental models. Typical customer return on investment is approximately three years depending on tip fees within their geographical footprint and without giving effect to potential savings due to increased efficiencies.
H-Source Holdings Ltd. (CSE: HSI; OTCQB: HSCHF) – H-Source Holdings is a technology company operating within the healthcare industry through its wholly owned subsidiary, H-Source, Inc. The company has developed a transaction platform that provides a private, secure and trusted marketplace for member hospitals to buy, sell and transfer excess inventory supplies and capital equipment with each other. Member hospitals can conduct secure transactions within Integrated Delivery Networks, Group Purchasing Organizations, complete H-Source network or customize their own group hospitals using H-Source's built-in filters. This marketplace network is specifically designed to reduce health care costs and medical product waste.
Medite Cancer Diagnostics, Inc. (OTCQB: MDIT) – CytoCore, Inc. is a biomolecular diagnostics company engaged in the design, development, and commercialization of cost-effective screening systems to assist in the early detection of cancer. CytoCore is currently focused on the design, development, and marketing of its CytoCore Solutions System and related image analysis platform. The CytoCore Solutions System and associated products are intended to detect cancer and cancer-related diseases, and may be used in a laboratory, clinic, or doctor's office.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for these companies on www.otcmarkets.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial markets for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into markets to inform investors of opportunities and risks: the OTCQX® Best Market; the OTCQB® Venture Market; and the Pink® Open Market. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial markets, visit www.otcmarkets.com.
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