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.
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.
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