Appliance Recycling Centers of America (ARCA) Contract with Ameren Missouri Extended Through 2015
MINNEAPOLIS, Jan. 8, 2013 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. (NASDAQ: ARCI) today announced that Ameren Missouri has selected the Company to continue to provide appliance recycling services for the utility's ApplianceSavers Program through 2015. The new ApplianceSavers Program, previously called the Refrigerator Recycling Program, was reinstated as of January 2, 2013.
Through this program, participating Ameren Missouri residential electric customers who turn in operating but energy inefficient refrigerators and freezers, manufactured in 2001 or earlier, will be eligible for a $50.00 rebate. The rebate, which was previously $35.00, applies to each qualifying refrigerator or freezer, with a limit of three (3) refrigerators/freezers per year. In addition, Ameren Missouri will now also offer customers the ability to recycle up to three (3) working window air conditioners and/or dehumidifiers in conjunction with a qualifying refrigerator/freezer. No rebate is provided for window air conditioners or dehumidifiers. ARCA will continue to perform the in-home collection of qualifying appliances and properly recycle the units.
Edward R. (Jack) Cameron, ARCA's President and Chief Executive Officer, said: "We have enjoyed providing turnkey appliance recycling services for Ameren Missouri since 2010. To date more than 10,000 customers have participated in the program, illustrating the importance of proper appliance disposal. We are extremely pleased to have the opportunity to continue to provide environmentally sound, turnkey appliance recycling services for Ameren Missouri and its customers."
To participate in the program please call 877-341-2187 or visit ActOnEnergy.com.
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.
SOURCE Appliance Recycling Centers of America, Inc.