E-Waste Systems, Inc.
10 Reasons We Like EWSI
1. A report from ABI Research predicts that the market for recovering and recycling used electronics will reach $14.7 billion by 2015, nearly tripling in size from 2010.
2. ABI Research expects the supply of end-of-life electronics is to continue to grow, driven by rising rates of e-waste collection and recycling, improvements in recycling technologies, the growth of infrastructure to collect electronics for recycling, and maturing recycling markets.
3. Another driver of market growth for e-waste recycling is the advent and growth of the smart phone market. The migration from older cell phone technologies to smartphone technologies is huge, and nearly all components of cell phones can be recycled.
4. Legislation in US and Europe such as Europe's WEEE directive are some of the strongest legislation yet to foster responsible recycling of end-of-life electronics and will also play a big part int eh market's growth.
5. Today, the EPA estimates that only 13% of electronic waste is recycled but new legislation across the US is starting to ban various classes of electronic waste from landfills so the percentage of electronic waste that will be funneled into recycling channels will continue to grow.
6. More and more electronic retailers like Best Buy are encouraging consumers to recycle their electronic waste and are providing free repositories for consumers to bring in and dispose of their end-of-life electronic components.
7. EWSI just announced that it has joined forces with Zak Enterprises of Santa Clara, CA to expand Zaks international geographic coverage. Product has already begun flowing from Zak customers in Europe through EWSI's network with more expected to follow.
8. EWSI entered into a business agreement with Fine Resources, Inc. ("FRI"), dba Resource Recycling, a commodity and electronic waste trading firm based in Daphne, Alabama. Due to the completion of this contract, Rick Fine, Founder and President of Fine Resources, Inc., has been appointed Executive Consultant of Global Business Development. Through this partnership, EWSI will expand upon its capability to source large volumes of end-of life electronics.
9. EWSI has completed the acquisition of Tech Disposal, Inc., ("TDI"), an electronic waste recycler and asset recovery specialist based in Columbus, Ohio, which will be re-named E-Waste Systems (Ohio), Inc. This is the first step in EWSI's plan to create a platform offering high quality solutions to the management of Waste Electrical and Electronic Equipment ("WEEE").
10. EWSI signed a definitive agreement to purchase Laptop Service Center, LLC d/b/a Computer Systems Solutions, a Pennsylvania limited liability company ("CSS"), Surf Investments, Ltd. d/b/a CPU, a California corporation ("CPU"), a full life-cycle mobile computing resource.E-Waste Systems (EWSI) has recently reorganized its operations in order to launch the process of creating a market-leading, integrated business in the rapidly emerging Waste Electrical and Electronic Equipment ("WEEE") industry, targeting businesses facing regulatory or other mandates for the handling of e-waste.
E-Waste Systems, Inc. (OTC BB: EWSI)
Company Web Site: http://www.ewastesystems.com/
E-Waste Systems, Inc. has been established to create a market- leading, integrated business in the emerging waste electrical and electronics equipment ("WEEE") industry, targeting businesses facing regulatory or other mandates for handling ewaste.
E-Waste Systems, Inc. plans to do so by acquiring a select number of high-quality companies with strong management teams that have a shared commitment to helping customers achieve cost effective and environmentally responsible compliance with e-waste recycling and disposal requirements.
E-Waste Systems, Inc. will leverage and extend its acquisitions' established customer relationships by expanding the services offered to customers, applying best practices in professional management, and by investing in state-of-the-art recycling technology - creating a truly global service provider in the e-waste sector.
E-Waste Systems, Inc. will focus primarily on e-waste recycling, repair/refurbishment, and electronic asset recovery - the major portions of the WEEE industry - with opportunistic efforts in service, parts distribution, and precious metals recycling.
With state-of-the-art recycling engineering, E-Waste Systems, Inc. can handle a wide variety of products and materials. The Company will initially target circuit boardbased electronics, which have been the focus of most e-waste regulation. This results in a broad base of products, including: consumer electronics, such as cell phones, DVDs, and televisions; IT equipment, such as computers, monitors, and hard drives; high-end communications equipment, such as server plants; electronic lighting; electronic tools/industrial electronics; and high-end electronics used in medical and health care. One set of equipment can process this array of products.
The Company will sell reclaimed parts and components to product support and repair companies for reuse in electronics products. Learn More.
The Company will sell segregated raw materials (plastics, steel, aluminum, glass, and precious metals) to downstream processors for resale and reprocessing into raw materials for use in manufacturing. The Company will market services and collect fees, either directly or indirectly from governmental initiatives, and from the providers of electronic asset materials. These fees will cover a broad range of services, from providing assured environmentally safe disposition of materials to data destruction and detailed compliance reporting. Since service/repair companies have a significant flow of ewaste, they have to contract with processors to handle the resulting waste stream. By including e-waste recycling as part of its overall service, E-Waste Systems, Inc. captures and retains the profit created in that segment of the value chain. Learn More.
Why is EWSI Technology so Imporntant?
Replacing Old Smartphones with Newer Models Creates Environmental Problems
The Washington Post - By Brian Palmer/ October 31, 2011
Apple sold 4 million units of the new iPhone 4S on its release weekend, soundly beating the previous iPhone launch record of 1.7 million. The device's early success serves as a well-deserved tribute to the late Apple founder Steve Jobs. But it also raises some serious environmental concerns. As Apple and other smartphone manufacturers churn out newer and increasingly amazing gadgets, consumers worldwide keep tossing out perfectly functional old phones. And all this electronic refuse threatens water, soil and air.
The problem, of course, isn't limited to smartphones. Americans trashed more than 20 million televisions, 157 million computers and computer accessories, and 126 million mobile phones in 2007, according to the most recent EPA data. In 2006, the United Nations estimated that we threw away between 20 million and 50 million tons of e-waste globally, which constitutes 5 percent of total municipal solid waste. The developing world tripled its disposal of electronic junk in the last five years.
While the sheer volume of electronic garbage is impressive on its own, it's the chemicals involved that concern environmentalists. Electronic screens made of glass can be up to 27 percent lead. Computer circuit boards contain between 30 and 100 times the concentration of lead that is considered hazardous by the EPA. The metal can accumulate in the soil and disrupt natural ecosystems. Plants take lead in through their roots, and it can be passed on to grazing animals. While it's not particularly water-soluble, it can leach into the groundwater under the right conditions. Computers that are incinerated can also release lead into the air.
Electronic waste also contains mercury, which is used in flat screens and can leach into groundwater if not properly collected by the lining systems in landfills. Eventually it could then make its way into the aquatic part of our food chain: fish. If consumed, mercury can cause nervous system damage. Cadmium and chromium, other metals used in electronics, are carcinogenic and can enter both the air and the water supply.
The environmental watchdog group Greenpeace has been hounding electronics manufacturers for several years about brominated flame retardants and polyvinyl chloride, or PVC, both of which were once widely used in smartphones and other electronics. A few of the companies, including Apple, Samsung, Sony Ericsson and Nokia, have taken notice and eliminated the chemicals , while others have promised to do so in upcoming years.
The European Union is leading the charge to deal with electronic waste. The Restriction of the Use of Certain Hazardous Substances rules came into force in 2006, sharply limiting the amount of certain hazardous chemicals such as lead, chromium, and mercury that manufacturers could include in their products.
Recycling is also on the rise. The EU's Waste Electrical and Electronic Equipment directive, requires manufacturers to ensure that 8.8 pounds of electronic waste per inhabitant of each member state be collected for recycling. A proposed revision would change the requirement to 45 percent of the weight of electronic products put onto the country's market, increasing to 65 percent in four years. California is the most active U.S. state in managing e-waste, seeking to model their regulations on the EU directives. Since the U.S. e-waste recycling rate is currently around 18 percent, we have a long way to go.
Recycling requirements are difficult for manufacturers to manage, because they have little control over what happens to their phones, computers and televisions once they leave the warehouse. In the United States, waste management companies are only recently springing up to help electronics manufacturers track their products from cradle to grave.
"Nearly all of a smartphone is recyclable," says Martin Nielson, chief executive of E-Waste Systems, one of the many companies now offering to help manufacturers give old electronics new life. "The glass on an iPhone is recyclable. The plastic housing and metal parts can all be recovered."
Nielson also notes that smelters and other reprocessing facilities are usually happy to accept the materials, because recycled material is cheaper and 17 times more energy-efficient than digging up new stuff.
Several retailers, such as Best Buy, Radio Shack and Apple stores, will accept your unwanted electronics for recycling, whether purchased from their store or not. (some may even offer you a modest store credit in exchange). Unfortunately, there have been reports from developing countries of child workers disassembling electronics using torches, which release a nasty haze of carcinogens. So ask a few questions when you trade in your old device, or better yet, don't trade in until you absolutely must.
E-Waste Systems, Inc.
45-157 St. John St.
London SE16 7TP
tel: +44 (0)7942 646 759
Fax: +44 (0) 207 681 1088