8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

July 26, 2017

Date of Report (date of earliest event reported)

BION ENVIRONMENTAL TECHNOLOGIES, INC.

Exact name of Registrant as Specified in its Charter

Colorado	000-19333	84-1176672
State or Other Jurisdiction of Incorporation	Commission File Number	IRS Employer Identification Number

Box 566/1774 Summitview Way

Crestone, Colorado 81131

Address of Principal Executive Offices, Including Zip Code

(212) 758-6622

Registrant's Telephone Number, Including Area Code

Not applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company [_]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  [_] 

ITEM 7.01 REGULATION FD DISCLOSURE.

On July 26, 2017, the Company issued a press release titled “Bion Files for Broader Patent Protection of its Third Generation Technology Platform” which has been placed on the Investor page of the Company's website, www.biontech.com.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS.

(a)  Financial Statements of Businesses Acquired

Not Applicable.

(b)  Pro Forma Financial Information

Not Applicable.

(c)  Shell Company Transactions

Not Applicable.

(d)  Exhibits.

Exhibit Number	Description
99.1	Press Release titled “Bion Files for Broader Patent Protection of its Third Generation Technology Platform” (dated July 26, 2017)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BION ENVIRONMENTAL TECHNOLOGIES, INC.
Date:  July 27, 2017	By: /s/ Mark A. Smith       Mark A. Smith, President

EX-99.1

Exhibit 99.1

Bion Files for Broader Patent Protection of its Third Generation Technology Platform

July 26, 2017. New York, New York.Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment and resource recovery technology, announced it has filed a continuation of its September 2015 patent for a livestock ammonia recovery process that converts the ammonia into stable ammonium bicarbonate. The filing will provide broadened protection for improvements to the technology platform that will enable naturally-occurring ammonia and carbon dioxide in the waste stream to be captured, separated, distilled, recombined and concentrated into a solid (crystal) ammonium bicarbonate product.

Ammonium bicarbonate, manufactured using chemical processes, has a long history of use as a fertilizer. Bion anticipates the ammonium bicarbonate produced in its system can be certified for use in organic production, since it is recovered in a series of physical processes, under controlled temperatures, and without additives. Organic certification for Bion’s ammonium bicarbonate will result in substantially higher values than chemically-produced alternatives. Bion anticipates the leftover residual solids, which contain the remaining nitrogen, as well as salts and minerals, can also be processed to qualify for organic use as a soil amendment product, depending on market values.

The 3G technology platform utilizes existing evaporation and distillation process equipment, with decades of reliability and service history, that is customized for Bion’s specific applications. Bion and its technology vendors are preparing final pilot studies to optimize recovery efficiencies, prior to an initial commercial scale installation. Bion anticipates it will complete the optimization studies and file for organic certification by the end of the third quarter in 2017. Bion anticipates it will commence developing an initial 3G commercial scale installation in early-2018. Commercial field trials of the fertilizer byproducts will be ongoing.

Craig Scott, Bion’s Director of Communications, stated, “The 3G technology platform has undergone substantial improvements since the first patent was filed on it in 2014. While investor focus has mostly been on the status of Pennsylvania Senate Bill 799 and its ability to create a market for nutrient credits, it is important to note that the 3G revenue model is comprised of four distinct revenue streams: nutrient credits, fertilizer byproducts, renewable energy, and sustainable branding. A diversified revenue stream substantially reduces risk; and, over time, it will enable Bion to compete more effectively in each of those market segments where revenues are generated.”

Bion Environmental Technologies’ patented, next-generation technology provides verified comprehensive treatment of animal waste from large-scale livestock production facilities. The technology platform achieves dramatic reductions in environmental impacts, including nutrients (nitrogen and phosphorus), ammonia, greenhouse and other gases, as well as pathogens in the waste stream, while improving resource and operational efficiencies through the recovery of valuable byproducts. For more information, see Bion’s website, www.biontech.com.

This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words ‘if adopted’, 'expect', 'will', 'proposed' and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.

Contact information:

Craig Scott

Director of Communications

303-843-6191 direct