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Sharps Compliance Corp. (NASDAQ: SMED) (“Sharps” or the “Company”), a leading full-service provider of cost-effective solutions designed for the proper management of medical waste, used healthcare materials and unused dispensed medications announced today that each month it will donate to the Houston chapter of the American Diabetes Association (ADA) one cent for every pound of used syringes, medical waste and other used healthcare materials the Company processes.
“We firmly support and align ourselves with the ADA’s mission to improve the lives of all people affected by diabetes and we both also share concerns as to the personal and environmental dangers resulting from the improper disposal of used syringes, needles and other sharps devices supporting the health and well being of people with diabetes. This program encourages proper treatment while benefitting the ADA in its mission,” commented David P. Tusa, President and CEO of Sharp’s Compliance.
J. Ralston Creswell, Senior Executive Director of the ADA Southeast Texas, stated, “In the greater Houston area we have approximately 400,000 people who live with type 1 or type 2 diabetes, and who self-inject insulin or other medications for their health. We take seriously our responsibility to educate our members on safe needle containment and disposal in their homes for the safety of their families, communities as well as themselves. The Penny-a-Pound Program will provide us the additional funding needed to continue educating our members in the importance of proper sharps disposal.”
Mr. Tusa concluded, “It is estimated that there are approximately 13.5 million people in the U.S. that legally self-inject medications which generate an estimated 8 billion used syringes, the vast majority of which are improperly handled and end up in our solid waste stream and landfills. Through our revolutionary Waste Conversion Process, all returned syringes are repurposed into a new industrial material, PELLA-DRX, which is used as fuel to generate electricity for thousands of homes, thereby reducing the environmental impact of medical waste.”