Top Electronic Brands Form New Recycling Company Panasonic, Sharp and Toshiba Join Hands To Meet Recycling Requirements

    LAS VEGAS, Jan. 6 /PRNewswire/ -- Three leading electronics brands have
 established a new electronic product recycling management company,
 Electronic Manufacturers Recycling Management Company, LLC (MRM), to manage
 collection and recycling programs in the United States. The new company's
 first activities are focused on providing cost effective services to
 manufacturers who must satisfy the recently enacted requirements in
 Minnesota for the recycling of used electronic products.
     Formed as a joint-venture between Panasonic Corporation of North
 America, Sharp Electronics Corporation and Toshiba America Consumer
 Products, MRM will provide a recycling service to electronics manufacturers
 and others, including state and local governments. In addition to planning
 for recycling programs in several states from late 2008 or 2009, including
 Connecticut, North Carolina, Oregon, Texas and Washington, MRM is also
 positioned to offer recycling services as needed in other states or on a
 national scale. Going forward MRM anticipates working with concerned
 stakeholders to develop a viable, long-term national solution.
     "We believe that forming an independent company to manage collective
 electronic recycling programs is the best way to achieve the economies of
 scale and efficiencies necessary to create a sustainable recycling system
 for used electronics products." said David Thompson, MRM President. "MRM
 has already entered into collection and recycling agreements with Hitachi
 Electronics, JVC, Mitsubishi, Philips, Pioneer, Sanyo and Olevia brand
 maker Syntax-Brillian, and looks forward to working with other
 manufacturers going forward."
     An important goal for the new company is to provide consumers with
 convenient recycling opportunities. Minnesota Pollution Control Agency
 Commissioner Brad Moore praised the company's work. "In the first five
 months since Minnesota's new electronic recycling law took effect, MRM
 collected approximately 750 tons of used products - a significant amount.
 We are pleased with MRM's effort in being the first manufacturer
 organization to offer convenient recycling service to citizens in all parts
 of our state, and hope it works to decrease illegal dumping of waste
 electronic products."
     MRM is designed to operate a practical and efficient program that works
 for consumers and manufacturers in the state of Minnesota and beyond. Cost-
 effective and environmentally sound recycling are important for increasing
 the long-term sustainability of the electronics industry and this new
 company reflects the venture partners' continued commitment to
 environmental responsibility.
     About MRM
     Established as a joint venture by Panasonic Corporation of North
 America, Sharp Electronics Corporation and Toshiba America Consumer
 Products, Electronic Manufacturers Recycling Management Company, LLC
 ('MRM') will operate a collection and recycling program in Minnesota and
 beyond. The joint venture company has been set up to serve the needs of
 electronics manufacturers who will be responsible for take-back of products
 under new electronic waste recycling laws, as well as the needs of
 consumers for convenient access to electronic recycling opportunities.

SOURCE Toshiba America Consumer Products, L.L.C.

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