ARCA Recycling Signs Seven New Utility Contracts in Eight States
April 13 2016 - 4:30PM
Business Wire
ARCA Recycling, Inc., a wholly owned subsidiary of Appliance
Recycling Centers of America, Inc. (NASDAQ: ARCI), recently signed
new contracts to manage turnkey appliance recycling programs for
seven utilities in eight states: California, Idaho, Indiana,
Kentucky, Michigan, Pennsylvania, Washington and West Virginia.
These multi-year contracts, which vary in length, will begin
during the second and third quarters of 2016. All seven contracts
encompass appliance recycling; one contract also includes appliance
replacement.
“Utility interest in our recycling programs remains heavy,” said
Edward R. (Jack) Cameron, ARCA Recycling’s President. “We
appreciate the time, effort and financial resources our utility
partners are investing in energy-efficiency programs with important
environmental benefits.
“During this busy start-up period, I also want to recognize ARCA
personnel for successfully managing higher volumes in our call
centers and handling additional appliances through both our
existing and newly opened recycling facilities,” noted Cameron. He
added that ARCA Recycling has been especially busy since last fall
helping utilities impacted when another recycling firm suspended
its activity.
On April 1, ARCA Recycling launched seven turnkey appliance
recycling programs, which was the largest one-day roll-out in
company history. Most of these programs were announced in
March.
ARCA has nearly 40 years of leadership in appliance recycling,
including regional processing centers across the U.S. and
state-of-the-art technology that removes environmentally damaging
substances and produces byproducts for recycling.
About Appliance Recycling Centers of America (ARCA)ARCA's
three business components are uniquely positioned in the industry
to work together to provide a full array of appliance-related
services. ARCA Advanced Processing, LLC employs advanced technology
to refine traditional appliance recycling techniques to achieve
optimal revenue-generating and environmental benefits. ARCA
(www.ARCAInc.com) is also the exclusive North American
distributor for UNTHA Recycling Technology (URT), one of the
world's leading manufacturers of technologically advanced
refrigerator recycling systems and recycling facilities for
electrical household appliances and electronic scrap.
ARCA's regional centers process appliances at end of life to
remove environmentally damaging substances and produce material
byproducts for recycling for utilities in the U.S. and Canada.
Eighteen company-owned stores under the name ApplianceSmart, Inc.®
(www.ApplianceSmart.com) sell new appliances directly to
consumers and provide affordable ENERGY STAR® options for
energy efficiency appliance replacement programs.
This press release contains statements that are forward-looking
statements as defined within the Private Securities Litigation
Reform Act of 1995, including statements regarding ARCA's future
success. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from the statements made, including the risks associated with
general economic conditions, competition in the retail and
recycling industries and regulatory risks. Other factors that could
cause operating and financial results to differ are described in
ARCA's periodic reports filed with the Securities and Exchange
Commission. Other risks may be detailed from time to time in
reports to be filed with the SEC.
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version on businesswire.com: http://www.businesswire.com/news/home/20160413006514/en/
Appliance Recycling Centers of America (ARCA)Edward R.
(Jack) Cameron, 952-930-9000President of ARCA Recycling
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