MINNEAPOLIS, April 28, 2011 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. (NASDAQ: ARCI) has been selected to provide recycling services for the Conserve & Save® Refrigerator and Freezer Recycling Program, servicing the Triad in southern Minnesota. The Triad consists of three southern Minnesota utilities: Austin Utilities, Owatonna Public Utilities and Rochester Public Utilities. The program, which has had an incredible response thus far, began on April 18, 2011.
Through this program, participating utility customers who turn in operating but energy inefficient secondary refrigerators and freezers will be eligible for a $35.00 incentive check for each qualifying appliance, with a maximum of two units per year. ARCA will perform the in-home collection of qualifying refrigerators and freezers and properly recycle the units.
Edward R. (Jack) Cameron, ARCA's President and Chief Executive Officer, said: "Being a local Minnesota-based company, we are delighted to have the opportunity to provide environmentally sound, turnkey appliance recycling services for the Conserve & Save® Refrigerator and Freezer Recycling Program. We believe it is extremely important to take care of our home state, and by partnering with the Triad, we are able to prevent the release of ozone-depleting and high-global-warming-potential refrigerants, as well as other environmentally damaging materials, found in old appliances."
To participate in the program please call 877-341-2259 or visit www.ARCAIncUtility.com.
ARCA (www.ARCAInc.com), one of the nation's largest recyclers of major household appliances for the energy conservation programs of electric utilities, currently provides services for 175 utilities in the U.S. and Canada. Toxic chemicals and environmentally harmful materials such as ozone-depleting refrigerants, PCBs, mercury and oil are carefully recovered in the decommissioning process for recycling, destruction or disposal, preventing them from contaminating soil, air and water resources. The Company 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.
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.