Environmental Products Corporation Expands Its Michigan Market
NAUGATUCK, Conn., July 8, 2011 /PRNewswire/ -- Effective July 1, 2011, Environmental Products Corporation (Envipco), a subsidiary of Envipco Holding N.V., a publicly listed company on the Brussels Euronext Exchange ("ENV"), entered into a distribution agreement with TOMRA/CBSI LLC in the State of Michigan. The agreement is through December 31, 2014 and provides Envipco with the exclusive distribution rights to the CBSI reverse vending platforms designed for retail locations. Envipco will take over existing sales contracts and assume all service responsibilities and agreements. Combining the CBSI placements with Envipco's existing placements will double Envipco's Michigan market presence and result in greater leverage of its current Michigan sales and service organizations.
Envipco has recently launched a new HDS product line designed for large Michigan retail accounts. Combining the CBSI platform with Envipco's existing and new platforms will provide Envipco with a strong and diverse competitive offering. With the large installed Michigan RVM base, Envipco is well positioned for significant market share gains.
ABOUT ENVIPCO HOLDING N.V.
Envipco Holding N.V (Envipco), www.envipco.com, is a Netherlands-based holding company listed on NYSE Euronext Brussels (Symbol ENV). Envipco, with operations in several countries around the globe, is a recognized leader in the development and operation of reverse vending machines (RVMs), automated technological systems for the recovery of used beverage containers. Envipco's turnkey solutions cover all aspects of beverage container recycling -- from recovery, validation, compaction, sorting, transportation and logistics, to accounting for every container, to recycling and processing used beverage containers to ready for conversion into new containers and consumer products. Known for its innovative technology and market leadership, Envipco holds several intellectual property rights for RVM systems, including but not limited to beverage refund deposit markings, material type identification, compaction and accounting. It also owns and operates the largest independent bottle to bottle PET recycling plant in Europe.
For further information contact
Gool Santchurn
[email protected]
+1.203.720.4059
SOURCE Environmental Products Corporation
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