ARCA Recycling Successfully Launches Seven Appliance Recycling Programs with Utilities
April 05 2016 - 04:30PM
Business Wire
On Friday, April 1, ARCA Recycling launched seven turnkey
appliance recycling programs with utilities, marking the largest
one-day roll-out of such programs in the company’s history. ARCA
Recycling, Inc., is a wholly owned subsidiary of Appliance
Recycling Centers of America, Inc. (NASDAQ:ARCI).
“Since our company’s founding over 30 years ago, this was our
greatest one-day operational accomplishment,” said Edward R. (Jack)
Cameron, ARCA Recycling’s President. “I want to credit our
outstanding team members who rose to the challenge to meet our
utility clients’ timelines. ARCA’s infrastructure and capabilities
developed over the years – including call centers, websites,
proprietary software, on-the-ground logistics and state-of-the-art
recycling centers – have enabled us to respond quickly to the
increased demand for our services.”
Most of the seven programs launched April 1 relate to contracts
in five states that were announced in March. ARCA Recycling is
continuing to implement programs for utilities, with multiple
programs expected to launch in May and June.
Cameron added, “Our scalable solution has proven effective
across the United States and we continue to respond to strong
interest from utilities.” Cameron noted that the increase in
business has provided opportunities to open additional recycling
centers while boosting appliance volumes at existing
facilities.
Utilities are continuing to embrace the benefits of
energy-efficiency programs for ratepayers and the environment,
according to information from the American Council for an
Energy-Efficient Economy (ACEEE): “Total spending for
customer-funded electric efficiency programs and natural gas
programs together amounted to more than $7 billion in 2014, more
than five times what was invested in efficiency programs just a
decade ago.” (ACEEE blog, March 25, 2016).
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160405006750/en/
ARCA RecyclingEdward R. (Jack) Cameron,
952-930-9000President
Appliance Recycling Cent... (NASDAQ:ARCI)
Historical Stock Chart
From Feb 2024 to Mar 2024
Appliance Recycling Cent... (NASDAQ:ARCI)
Historical Stock Chart
From Mar 2023 to Mar 2024