Sims Recycling Solutions Announces Expansion Into New Jersey

Top Quote Sims Recycling Solutions has now officially opened their 12th electronics recycling facility for recycling services in the New York, New Jersey and Philadelphia Metro area. End Quote
  • Edison, NJ (1888PressRelease) December 07, 2010 - Sims Recycling Solutions, the world's largest electronics recycler has announced the location of their newest electronics recycling facility in Edison, New Jersey, with formal operations scheduled to begin in January of 2011. Sims will be offering electronics recycling services to residents and business in New York, New Jersey and the Philadelphia Metro Area. The new 93,000 sq-ft facility will be located on 401 Mill Road, Edison, NJ approximately 30 miles from New York City and 60 miles from Philadelphia.

    "Sims Recycling Solutions strives to provide our customers with secure and convenient recycling services" says Steve Skurnac, President of Sims Recycling Solutions, North America. "By bringing our electronics recycling and asset management capabilities to New Jersey, we can offer our customers more options geographically and provide solutions for manufacturers who fall under the recent electronic waste recycling legislation that takes effect in January."

    As of January 1, 2011, new electronics recycling legislation will go into effect in New Jersey and manufacturers must begin collection, transportation, and maintain a recycling program for electronic devices. Sims Recycling Solutions' Edison facility, its 12th such facility in North America and 42nd such facility worldwide, will allow manufacturers to utilize the customizable electronics recycling, data security and compliance services offered by the world's leading electronics recycler.

    Sims Recycling Solutions

    Sims Recycling Solutions (www.us.simsrecycling.com) is the world's largest electrical and electronics recovery and recycling company now with 42 sites across the globe.

    Sims Recycling Solutions recycles all types of electronic equipment and enables businesses to meet both their social and legal obligations in the treatment of surplus electronics. The company's asset management and recovery service enables businesses and public sector organizations to sustain the value of IT and electronic equipment, in a legally compliant, data secure, fully traceable and environmentally sustainable manner.

    In North America, Sims Recycling Solutions currently operates 12 sites in Arizona, California, Florida, Illinois, Nevada, Ontario, South Carolina and Tennessee.

    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 12 November 2009.

    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.

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