Bion Environmental Technologies Inc (OTCQB:BNET)
Bion Environmental Technologies, Inc. is an OTC Markets QB listed clean technology company based in New York. The company’s patented and proven technology provides advanced waste treatment and resource recovery for large-scale livestock production facilities.
|10 Days Avg Vol||10,195.29|
|3 Mo Avg Vol||8,614.21|
|52 Wk Lo/Hi||$0.420 - $1.020|
|YTD Price Gain %||-22.39%|
|12 Wks Moving Avg||0.658420|
|200 Days Moving Avg||0.723567|
Updated: Market Close, 04/20/2018
Bion’s proven technology provides advanced waste treatment for large-scale livestock production facilities or CAFOs (Concentrated Animal Feeding Operations – dairy, swine, beef and poultry). Bion’s manure treatment technology largely eliminates pollution from livestock waste – nutrient runoff (nitrogen/phosphorus), air pollution and pathogens – much like municipal wastewater treatment does for human waste in larger cities. Our technology also recovers value from the waste stream, including renewable energy, nutrients and clean water that have traditionally been wasted or underutilized, and converts them into high-value products that produce new revenues.
- Livestock waste cleanup represents a very large untapped market in the U.S.
- Livestock production is one of the largest sources of pollution in China and the world
- Independent studies demonstrate that manure control technologies such as Bion’s can dramatically reduce water treatment costs
- Legislation was introduced in Pennsylvania’s Senate in June 2017 to help pay for cleanup
- Legislation was introduced in US Congress to help offset costs of nutrient control technologies
- US EPA and national livestock interests support the strategy proposed by Bion
- Bion has developed strong relationships with national livestock producers in the poultry (layer), beef, dairy and swine sectors
|As of Aug 1, 2017|
Other InformationLivestock production agriculture is one of the largest sources of pollution, both in the US and the world. Nutrient runoff leads to toxic algae blooms and dead zones in major water bodies like the Chesapeake Bay, Great Lakes and Gulf of Mexico. Nitrates from runoff also contaminates drinking water supplies. Clean water costs in the US now exceed $100 billion; water quality continues to decline. Air pollution – ammonia, greenhouse gases, hydrogen sulfide, odors – contributes to many environmental and public health problems. Pathogens in the waste stream have now been linked to often-fatal cases of foodborne illness and growing global antibiotic resistance. Policies are changing to address these problems: clean up of livestock production is inevitable if we are to restore and maintain global air and water quality.
Projects/Products:Bion’s patent-pending Third-Generation (3G) technology platform has evolved from 25 years of research and development and investment of over $100 million. The company’s 2nd Gen technology has been proven at commercial scale and it is accepted by US EPA, USDA and various state regulatory agencies. Bion expects to move forward with its first commercial installation of its 3G technology in early-2018. The $180 billion US livestock industry has 90 million cattle, 60 million swine and over 2 billion poultry; over 60 percent of these animals are housed on CAFOs.
Mark A. Smith
Chairman and President
Mark A. Smith has been President, General Counsel, interim Chief Financial Officer and a director of Bion Environmental Technologies, Inc. since late March 2003. Since that time, he has also served as sole director, President and General Counsel of Bion’s wholly-owned subsidiaries including Bion Services Group. Since 1992 Mr. Smith has served Bion in various senior positions including director, Chairman and President.
Mr. Smith received a Juris Doctor Degree from the University of Colorado School of Law, Boulder, Colorado (1980) and a BS from Amherst College, Amherst, Massachusetts (1971). Mr. Smith has engaged in the private practice of law in Colorado since 1980. In addition, Mr. Smith has been active in running private family companies, Stonehenge Corporation (until 1994) and LoTayLingKyur, Inc. (1994-2002). Until returning to Bion during March 2003, Mr. Smith had been in retirement with focus on charitable work and spiritual retreat.
Dominic Bassani was promoted to Chief Executive Officer in May 2011. He had previously served as the General Manager of Bion Integrated Projects Group (then Bion Dairy) (‘Projects Group’) from April 2003 through September 2006 and as a consultant (through Bright Capital, Ltd. (“Brightcap”)) on a full-time basis with focus on strategic planning and special projects. He has been an investor in and consultant to Bion since December 1999. As an independent investor, since 1990 he has owned and operated Brightcap, a management consulting company that provides management services to early stage technology companies.
Mr. Bassani was a founding investor in 1993 in Initial Acquisition Corp. that subsequently merged in 1995 with Hollis Eden Corp. (HEPH), a biotech company specializing in immune response drugs. From early 1998 until June 1999 he was a consultant to Internet Commerce Corp. (ICCA), a leader in business-to-business transactions using the Internet. He is presently an investor in numerous private and public companies primarily in technology related businesses. From 1980 until 1986, Mr. Bassani focused primarily on providing management reorganization services to manufacturing companies and in particular to generic pharmaceutical manufacturers and their financial sponsors.
Executive Vice Chairman
Ed Schafer joined Bion in August, 2010, as Executive Vice Chairman, to provide Bion with strategic advice, focusing on areas of public policy related to the livestock industry both domestically and internationally. Commencing in early 2011, Mr. Schafer became a key member of Bion’s three-person senior management team with direct management responsibility for Bion’s: a) state and federal government interfaces, b) relationships with the agriculture (including livestock) industry, and c) international initiatives in Asia and the Middle East.
In January 2016, Mr. Schafer was named interim president of the University of North Dakota. Mr. Schafer was the US Secretary of Agriculture from 2008 to 2009 and Governor of North Dakota from 1992 to 2000. In addition to his public sector experience, he has successfully led a multi-national consumer products business and several entrepreneurial start-up companies. Mr. Schafer graduated from the University of North Dakota with a Bachelor of Science degree in business, earned a Master of Business Administration at the University of Denver, and has been awarded two honorary doctorate degrees. Mr. Schafer has served on public and private corporate boards of directors and held leadership positions in foundations and trade associations. He is also an active member of many civic and service organizations.
Director of Communications
Craig Scott rejoined Bion Environmental Technologies as a full-time employee in June 2007 and is now the Director of Communications. Mr. Scott participated in several private placements for Bion in 1993 when he was then licensed with the National Association of Securities Dealers (NASD) as a registered representative. He left the securities industry in 1996 to take a position with Bion where he was instrumental in business development, capital raising and developing public and market awareness of Bion. Since 1996, Mr. Scott has held various full- and part-time, as well as consulting, positions with the Company.
Mr. Scott was licensed with the NASD in 1981 and primarily focused on marketing, but he is experienced in many facets of the securities industry, including investment banking, syndication, trading and compliance. He was successful in raising substantial capital and increasing institutional ownership and market awareness of two AMEX-traded energy companies from 2003 through 2006 and is experienced in dealing with large institutional investors and sell-side firms as well as investment advisors and brokers from smaller regional to large national firms.