Appliance Recycling Centers of America (ARCA) Contract with
Southern California Edison Extended Through March 2015
MINNEAPOLIS, Jan. 22, 2013 /PRNewswire/ -- Appliance Recycling
Centers of America, Inc. (NASDAQ: ARCI) today announced that
Southern California Edison (SCE) has selected the Company to
continue to provide appliance recycling services for the utility's
Refrigerator and Freezer Recycling Program through March 2015. ARCA has provided recycling services
for SCE's program since 1994.
Through the program, participating SCE residential electric
customers who turn in operating but energy inefficient
refrigerators and freezers are eligible for a $35.00 rebate for each qualifying appliance.
Customers may turn in two qualifying appliances per year. Older
refrigerators and freezers can use twice as much electricity as
newer models, costing SCE customers up to $180 extra on their energy bills every
year.[1]
Edward R. (Jack) Cameron, ARCA's
President and Chief Executive Officer, said: "Through SCE's
Refrigerator and Freezer Recycling Program, more than one million
energy inefficient refrigerators and freezers have been removed
permanently from the grid since 1994. We have been proud to support
SCE's long-term efforts to reduce energy consumption while
preventing the release of ozone-depleting substances and greenhouse
gases, and we look forward to continuing to serve SCE and its
customers."
To participate in the program please call 1-800-234-9722 or
visit www.SCE.com.
About ARCA
ARCA's (NASDAQ:ARCI) 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 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 over 200 utilities in the U.S. and Canada. Nineteen company-owned stores under
the name ApplianceSmart, Inc.® 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. 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.
[1]
http://www.sce.com/residential/rebates-savings/appliance/fridge-freezer-recycling.htm?from=pickup
SOURCE Appliance Recycling Centers of America