SOURCE: Sims Recycling Solutions U.S.

Sims Recycling Solutions U.S.

April 10, 2014 09:00 ET

Defense Logistics Agency (DLA) Disposition Services Expands Contract With Sims Recycling Solutions

WEST CHICAGO, IL--(Marketwired - April 10, 2014) - Sims Recycling Solutions, the global leader in electronics reuse and recycling has confirmed expansion of its contract with the Defense Logistics Agency (DLA) Disposition Services. The consideration for expansion was primarily a result of Sims' capability to meet DLA qualifications and offer the best economic, compliance, and stewardship needs. Materials being disposed of under this contract will include largely IT and military equipment.

Critical factors are involved when an organization takes their disposal vendor selection seriously. Selection criteria primarily are derived from the following objectives:

  • To guarantee a secure and audited downstream flow of materials;
  • To employ world-class environmental health and safety (EHS) protocols;
  • To utilize irreplaceable experience required to seek and destroy all trace data;
  • To align with an e-Stewards certified recycler; and
  • To create less overall carbon emissions utilizing our secure, provider-operated facilities (such as those operated by Sims Recycling Solutions).

"We are very excited to expand our service offerings with DLA," stated Sean Magann, vice president of Sims Recycling Solutions, Americas. "Our best in class capabilities allow a level of confidence in data security and environmental compliance unmatched in the electronics recycling industry. We look forward to offering continued support to DLA's mission."

This new agreement is effective as of March 2014 and is a direct reflection of Sims Recycling Solutions' culture to always maintain, innovate on and improve the security and environmental processes of the electronics recycling industry. All current certificates and standards implemented by Sims Recycling Solutions in North America are posted on the global website.

Sims Recycling Solutions

Sims Recycling Solutions (www.simsrecycling.com) is the global leader in electronics reuse and recycling, offering customers in every business sector comprehensive recycling services out of our 42 owned and operated sites across the globe.

Sims Recycling Solutions -- owned by Sims Metal Management, a publicly traded company -- has the global reach, expertise and infrastructure necessary to guarantee our customers that their data is secure, their electronic equipment is processed in an environmentally responsible manner, their reputation is protected and their compliance risks are eliminated.

In North America, Sims Recycling Solutions operates 14 sites in Arizona, British Columbia, California, Florida, Illinois, Maryland, New Jersey, Ontario, Quebec, Tennessee and Texas.

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.

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