TULSA, Okla., April 16, 2020 /PRNewswire/ -- New American
Energy, an alternative energy and sustainability asset manager, is
co-located in Tulsa, OK and
New York, NY. The Firm's managed
funds are co-advised by alternative energy and clean technology
investment bank Ardour Capital Investments. Through its flagship
hedge fund, NAE Sustainability I, LP, the firm entered into a
Securities Purchase Agreement with BioHiTech Global (NASDAQ: BHTG)
for its newly created Series F Redeemable Preferred Stock and
warrants to purchase Common Stock issued in March, 2020.
New American Energy seeks meaningful, long-term relationships
with companies who directly or indirectly provide critical services
that benefit from an inelastic supply curve tied to population
growth and commercialization of technology. The firm's investment
team is led by Co-Chief Investment Officers Walter Nasdeo and Andrew
Gold, and Head Trader Nicholaus Rohleder.
"New American Energy is proud to show its commitment to
BioHiTech during this time of turbulence and uncertainty," said the
New American Energy team. "BioHiTech is uniquely positioned with
high-quality technology to commercialize an innovative solution to
the global waste crisis. Despite current recessionary fears
emanating from the coronavirus outbreak's impact on the global
economy, the pressure to transition to a circular waste economy has
not dissipated. In addition to this, landfill regulatory governance
and capacity constraints have not eased during this time. BioHiTech
Chief Executive Officer Frank E.
Celli has an excellent track record operating at commercial
scale in the waste sector throughout economic cycles. We are fully
behind Frank and his team and look-forward to a long-term
partnership."
About BioHiTech Global
BioHiTech Global, Inc.
(NASDAQ: BHTG), is changing the way we think about managing waste.
Our cost-effective technology solutions include the patented
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. Our
unique solutions enable businesses and municipalities of all sizes
to lower disposal costs while having a positive impact on the
environment. When used individually or in combination, our
solutions lower the carbon footprint associated with waste
transportation and can reduce or virtually eliminate landfill
usage. For more information, please visit www.biohitech.com.
About New American Energy
New American Energy is an
alternative energy and sustainability asset manager with offices in
Tulsa OK, New York, NY, and London, UK. Through its managed funds, NAE
invests in global listed securities and participates in select
structured investments across the alternative energy value chain.
NAE's team is comprised of senior energy, engineering, and capital
markets professionals dedicated to decreasing the global carbon
footprint while also delivering superior risk-adjusted returns. For
more information, please visit us at www.newamenergy.com.
Company Contact:
New American Energy
Nicholaus Rohleder, Head Trader
P: 918.955.0417
E: nr@newamenergy.com
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SOURCE BioHiTech Global, Inc.