WEST CHICAGO, IL --(Marketwired - September 16, 2014) - Sims Recycling Solutions (SRS) is pleased to announce our expanding offerings with IT asset disposition (ITAD) services. This expansion will better meet the needs of our extensive customer base. Operating with sites across the United States and globally, SRS will continue to respond to our global customers by providing integrated solutions to responsibly manage IT asset disposition services in all countries in which our customers operate.
SRS formally announced this evolution on July 22, as part of the five year strategic plan introduced by Sims Metal Management (SMM). Sims Recycling Solutions is a business of Sims Metal Management. The strategic plan outlines restructuring at both SMM and SRS in response to changing demand in our respective markets.
Sims Recycling Solutions has always looked to the future to service customer needs and offer secure and compliant solutions. We have adapted and formalized business processes and capabilities to provide a single coordinated service delivery model for our global customers. These changes have enabled Sims to deliver a more tightly integrated and consistent service to customers with multiple locations.
"We are continuing to align our short and long term strategies to coincide with the needs of our customers," said Sean Magann, vice president of sales and marketing. "The recycling and ITAD industry is going through a maturation phase and SRS is committed to remain a reliable resource for our customers."
"Few companies have the infrastructure to support a global ITAD program. Customers gain efficiencies in using a standardized service and are better able to meet corporate and legislative compliance requirements," stated Steve Skurnac, president of Sims Recycling Solutions. "Our knowledge of international markets and regulations allows us to protect our customers from fines, fees and penalties and more importantly adverse publicity in the responsible disposition of their assets."
Sims' superior performance in offering global resell, redeployment and recycling services was recognized in Gartner's most recent Magic Quadrant for IT Asset Disposition, Worldwide. Sims Recycling Solutions was positioned in the Leaders of the Magic Quadrant by Gartner. According to the Gartner report, "Leaders execute well against a robust vision, and are well-positioned for the future."
Consistent with our continued strategic focus on IT asset disposition services for businesses, SRS in 2014 discontinued operations at several owned and operated facilities in Canada and U.K. that focused on recycling services for municipalities. Resources from these discontinued operations will be reinvested in supporting and growing the IT asset disposition business.
Sims Recycling Solutions
Sims Recycling Solutions ( www.SimsRecycling.com ) is the global leader in electronics reuse and recycling. We have over 20 years' experience in comprehensive IT asset disposition and mobile device refurbishment services. Sims provides disposition services for all types of retired electronic equipment to local, national and global customers in every business sector including data centers, healthcare, financial service and technical organizations.
As a part of Sims Metal Management Limited, the world's largest publicly listed metal and electronics recycler, Sims Recycling Solutions has the global reach, expertise, and infrastructure necessary to ensure to our customers that all electronic devices are processed in a secure and environmentally responsible manner.
Sims international footprint of operations across 20 countries, enable us to offer a global scope of services on myriad local fronts.
Cautionary Statements Regarding Forward-Looking Information This release may contain forward-looking statements, including statements about Sims Metal Management's financial condition, results of operations, earnings outlook and prospects. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project" and other similar words and expressions.
These forward-looking statements involve certain risks and uncertainties. Our ability to predict results or the actual effects of our plans and strategies is subject to inherent uncertainty. Factors that may cause actual results or earnings to differ materially from these forward-looking statements include those discussed and identified in filings we make with the Australian Securities Exchange and the United States Securities and Exchange Commission ("SEC"), including the risk factors described in the Company's Annual Report on Form 20-F, which we filed with the SEC on 16 October 2013.
Because these forward-looking statements are subject to assumptions and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this release.
All subsequent written and oral forward-looking statements concerning the matters addressed in this release and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this release. Except to the extent required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release.
All references to currencies, unless otherwise stated, reflect measures in Australian dollars.
The following files are available for download:
Media Contact: Kimberly Deese (916) 735-2748 kimberly.deese@simsmm.com
