MINNEAPOLIS, Sept. 2 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. (Nasdaq: ARCI) today announced that AmerenUE (UE) has selected the Company to be the provider of turnkey services for the utility's Appliance Recycling Program. ARCA will provide refrigerator and freezer recycling services for the Missouri utility's residential electric customers. The program began on August 2, 2010 and will run through September 30, 2011.
Through this program, participating UE utility customers who turn in operating but energy inefficient refrigerators and freezers manufactured prior to 2002 will be eligible for a $35.00 rebate check for each qualifying appliance, with a maximum of three appliances per year. ARCA will perform the in-home collection of qualifying refrigerators and freezers and recycle the units according to The Environmental Protection Agency (EPA) guidelines. Together, UE and ARCA will prevent more than 95% of the recyclable materials in old refrigerators and freezers from entering the waste stream.
Edward R. (Jack) Cameron, ARCA's President and Chief Executive Officer, said: "We are extremely pleased to have the opportunity to provide environmentally sound, turnkey appliance recycling services for UE in Missouri. This energy efficiency program will be the second appliance recycling program ARCA provides services for that is sponsored by Ameren; ARCA currently provides recycling services for Ameren Illinois Utilities' (AmerenCIPS, AmerenCILCO, AmerenIP) Act On Energy® Recycling Program. By capitalizing on ARCA's extensive experience in high-volume, environmentally sound appliance recycling, UE will reduce residential electricity demand, help lower their customers' energy bills and provide public environmental benefits."
For more information on the AmerenUE's Appliance Recycling Program, visit Uefficiency.com/Recycle or call 877-341-2187.About ARCA 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 more than 150 utility programs 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 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), a materials recovery system for household refrigeration appliances. 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.