CHESTNUT RIDGE, N.Y.,
Feb. 28, 2022 /PRNewswire/ --
Renovare Environmental, Inc. (the "Company") (NASDAQ: RENO), a
circular economy and sustainability technology and services
provider, today, has appointed Benjamin
Banwart as Transition Advisor to assist the company in
executing several key areas of the Company's new strategic roadmap
that will lead it to an EBITDA-positive, transitioning to an
asset-light, specialty-waste-technology-as-a-service model
business.
Mr. Banwart has extensive experience with publicly traded
companies in the climate technology, decarbonization, and ESG
sectors seeking to execute an asset-light business model.
Benjamin is Co-Founder of Climate Commodities International
("CCI"), a premier trading, logistics, transportation, and
commercialization services firm enabling the development of the
climate economy.
Mr. Banwart will support the Board of Directors and management
team in executing on the company's new strategic roadmap which
includes improving capital markets communications and activities in
support of strengthening the balance sheet and funding growth
opportunities; and identifying opportunities to monetize, in an
asset-light format, core competencies gained at the Martinsburg West Virginia facility in
infrastructure services for the waste industry.
Tony Fuller, Renovare's CEO
commented, "We are excited by the addition of Ben to our team. As
part of this new roadmap, Renovare has initiated a strategic review
of the Martinsburg West Virginia
resource recovery operation. We have learned much operating the
facility and the time is right to determine the best course of
action for this asset-based business line."
Prior to Co-Founding CCI, Mr. Banwart was a Portfolio Manager at
Millennium Management and Castleton Commodities. Mr. Banwart began
his career in the investment banking department of Citigroup.
About Renovare Environmental, Inc.
Renovare Environmental, Inc. (Nasdaq: RENO), formerly BioHiTech
Global, Inc., is a technology services company focused on providing
cost-effective solutions that improve environmental outcomes. Our
solutions for waste management include the processing of municipal
solid waste into a valuable renewable fuel, biological disposal of
food waste on-site, and proprietary real-time data analytics tools
to reduce food waste generation. When used individually or in
combination, our solutions lower the carbon footprint associated
with waste transportation and can reduce or virtually eliminate
landfill usage. Our unique solutions enable businesses and
municipalities of all types as well as educational and governmental
facilities to solve everyday problems in a smarter and more
cost-effective way while reducing their impact on the environment.
For more information, please visit www.renovareenv.com.
About Climate Commodities International
Climate Commodities International (CCI), a premier trading,
logistics, transportation, and commercialization services firm
enabling the climate economy. CCI operates through four segments:
CCI Trading, CCI Logistics & Transportation, CCI Climate
Transition & Growth Services, and CCI Principal
Investments. CCI is based in Dallas with regional offices in Bogota, Brussels, Kigali, New York
City, Singapore, and
Zurich. Please visit:
www.climate-commodities.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, including statements about the estimated contract
value, additional purchase orders or deliveries, and the ability of
the Company's products to improve environmental outcomes and
achieve corporate 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 which may cause the actual results,
performance, or achievements of Renovare Environmental, Inc. to be
materially different from future results, performance or
achievements expressed or implied by such forward-looking
statements. Renovare Environmental, 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 Company's SEC filings that may cause actual results to
differ materially from those projected in any forward-looking
statement. Renovare Environmental, 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:
Renovare Environmental, Inc.
Lisa Giovannielli
VP, Corporate Communications
O: 888.876.9300
E: lgiovannielli@renovareenv.com
Investors:
ir@renovareenv.com
Media:
pr@coreir.com
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SOURCE Renovare Environmental, Inc.