Sharps Compliance Launches Ship-Back Recycling Program for Universal Waste
15 July 2014 - 10:30PM
Sharps Compliance Corp. (Nasdaq:SMED) today announced an
arrangement to jointly promote Veolia's RECYCLEPAK, a lighting and
battery ship-back recycling program. Sharps will market this
service to existing and prospective customers as a complement to
Sharps' line of medical waste and unused medication management
solutions. Sharps will also feature this new solution as part of
its online product offerings available for purchase at:
http://www.sharpsinc.com/store/universal-waste.html.
"Our decision to partner with Veolia is a natural progression in
the expansion of our product offerings and in our commitment to
provide environmentally sustainable waste management
services. Most professional and retail spaces, including those
in our current customer base, use fluorescent lights, batteries and
other mercury containing devices that require a safe, eco-friendly
means of disposal. This arrangement leverages our longstanding
experience offering mail-back solutions for the repurposing of
medical waste and unused medications, allows us to offer our
established and prospective customer base an efficient method to
recycle these universal wastes as they reach end-of-life and
highlights our commitment to providing environmentally sound
recycling alternatives. By working with Veolia, we have the
opportunity to broaden our portfolio of mail and ship-back
solutions while providing a value added service," stated David P.
Tusa, President & CEO of Sharps
Compliance.
Approximately 680 million mercury-containing lamps are discarded
each year with about 25%-30% being properly recycled in accordance
with applicable state and Federal regulations. Virtually every
component of a fluorescent lamp can be recycled, including metal
end caps, lamp glass, and the mercury phosphor powder. When
recycled properly, lamps are crushed and the materials are
separated under a continuous vacuum filtration process. The glass,
aluminum and mercury-bearing phosphor powder is captured safely and
recycled for use in other products while the mercury phosphor
powder is sent to a mercury retort for recovery of the mercury.
"We are pleased to have this opportunity to work with
Sharps Compliance to further both companies' commitment to
protecting the environment and public health by providing an easy
solution for the proper disposal and recycling of lamps, batteries
and other mercury containing devices. We look forward to
bringing RECYCLEPAK to Sharps' customers," said Kevin Shaver,
General Manager of Electronics Recycling for Veolia North America's
Industrial Business.
About Sharps Compliance Corp.
Headquartered in Houston, Texas, Sharps Compliance is a leading
full-service provider of comprehensive medical waste management
services throughout North America. Its strategy is to capture a
large part of the estimated $3.8 billion untapped market for its
solutions by targeting the major agencies that are interrelated
with this medical waste stream, including pharmaceutical
manufacturers, home healthcare providers, retail pharmacies and
clinics, the U.S. government and the professional market which is
comprised of physicians, dentists and veterinary practices. The
Company's flagship product, the Sharps Recovery Systemâ„¢, is a
comprehensive solution for the containment, transportation,
treatment and tracking of medical waste and used healthcare
materials. The Company has partnered with Daniels Sharpsmart in a
joint marketing alliance to serve the entire U.S. medical waste
market, addressing small and large quantity medical waste
generators with highly cost-effective and compliant solutions. Its
innovative offerings serve the needs of healthcare and physician's
facilities, dental groups and veterinarians that have multi-site
and multi-size locations.
More information on the Company and its products can be found on
its website at: www.sharpsinc.com.
Veolia is the global leader in optimized resource management.
With over 200,000 employees* worldwide, the company designs and
provides water, waste and energy management solutions that
contribute to the sustainable development of communities and
industries. Through its three complementary business activities,
Veolia helps to develop access to resources, protect and conserve
available resources, and to replenish them. In 2013, Veolia
supplied 94 million people with drinking water and 62 million
people with wastewater service, produced 86 million megawatt hours
of energy and converted 38 million metric tons of waste into new
materials and energy. Veolia (Paris Euronext:VIE) (NYSE:VE)
recorded revenue of $31 billion* in 2013. www.veolia.com
(*) Excluding Transdev employees and revenue currently under
divestment
Safe Harbor Statement
The information made available in this news release contains
certain forward-looking statements which reflect Sharps Compliance
Corp.'s current view of future events and financial performance.
Wherever used, the words "estimate," "expect," "plan,"
"anticipate," "believe," "may" and similar expressions identify
forward-looking statements. Any such forward-looking statements are
subject to risks and uncertainties and the company's future results
of operations could differ materially from historical results or
current expectations. Some of these risks include, without
limitation, the company's ability to educate its customers,
development of public awareness programs to educate the identified
consumer, customer preferences, the Company's ability to scale the
business and manage its growth, the degree of success the Company
has at gaining more large customer contracts, managing regulatory
compliance and/or other factors that may be described in the
company's annual report on Form 10-K, quarterly reports on Form
10-Q and/or other filings with the Securities and Exchange
Commission. Future economic and industry trends that could
potentially impact revenue and profitability are difficult to
predict. The Company assumes no obligation to publicly update or
revise its forward-looking statements even if experience or future
changes make it clear that any projected results, express or
implied therein, will not be realized.
CONTACT: Company Contact:
Diana Diaz
Sharps Compliance Corp.
Email: ddiaz@sharpsinc.com
Office: (713) 660-3547
Investor Contact:
John Nesbett/Jennifer Belodeau
Institutional Marketing Services
Email: jnesbett@institutionalms.com
Office: (203) 972-9200
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