THE COLONY, TX --(Marketwired - July 18, 2016) - Quest Resource Holding Corporation (NASDAQ: QRHC) announced today it is expanding food waste diversion services for Sprouts Farmers Market, an existing client.
Quest designed and deployed a comprehensive organics recycling program at all California stores, ahead of new mandatory commercial organics recycling regulations. The program reduces food waste by diverting produce, dairy, bakery, bulk, deli and juice bar items that cannot be sold or donated. The retailer now recycles food waste that cannot be donated at 125 stores.
California Assembly Bill 1826 (AB-1826 Solid waste: organic waste) requires businesses that generate organic waste to implement organic waste recycling programs in phases depending on the amount of waste generated per week. Since Sprouts Farmers Market generates four cubic yards of organic waste per week at its stores in California, Quest is helping the retailer stay ahead of the regulation requiring the retailer to recycle food waste by January 1, 2017.
"Quest is delighted to expand its relationship with Sprouts, one of the fastest growing retailers in the country, and continue to help them reach their sustainability goals in California and across the country," said Ray Hatch, Quest's CEO.
"Responsible retailing is part of Sprouts' DNA, and we are proud of what we've achieved in the past two years working with Quest," said Carlos Rojas, Senior Counsel for Sprouts Farmers Market. "Our organics recycling program not only benefits the environment, but improves store operations by minimizing waste. We also are pleased to be well ahead of the CalRecycle regulations compliance date."
Quest's organics recycling program converts food waste into nutritional animal feed additives or compost, helping to prevent greenhouse gas emissions and reduce waste in landfills. Quest developed custom online and in-store training to help educate and engage store associates to ensure program is successful.
Additionally, Quest manages municipal solid waste and recycling programs at all 229 Sprouts Farmers Market locations across the U.S.
About Quest Resource Holding Corporation
Quest provides businesses with one-stop management programs to reuse, recycle, and dispose of a wide variety of waste streams and recyclables generated by their businesses. Quest's comprehensive reuse, recycling, and proper disposal management programs are designed to enable regional and national customers to have a single point of contact for managing a variety of waste streams and recyclables. Quest also operates environmentally based social media and online data platforms that contain information and instructions necessary to empower consumers and consumer product companies to recycle or properly dispose of household products and materials. Quest's directory of local recycling and proper disposal options empowers consumers directly and enables consumer product companies to empower their customers by giving them the guidance necessary for the proper recycling or disposal of a wide range of household products and materials, including the "why, where, and how" of recycling.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which provides a "safe harbor" for such statements in certain circumstances. The forward-looking statements include statements or expectations regarding Quest's beliefs that is Quest is helping one of the largest and fastest growing natural and organic retailers expand its food waste diversion program and stay ahead of regulations, that it designed a comprehensive organics recycling program, that it deployed the program ahead of new mandatory commercial organics recycling regulation, that it is helping Sprouts Farmers Market stay ahead of the regulation requiring the retailer to recycle food waste by January 1, 2017, that it is delighted to expand its partnership with Sprouts, that it continues to help Sprouts reach their sustainability goals in California and across the country, that its organics recycling program converts food waste into nutritional animal feed additives or compost, that the organic recycling program is helping to prevent greenhouse gas emissions and reduce waste in landfills, and that its custom online and in-store training educates and engages employees and will ensure program success. These statements are based on Quest's current expectations, estimates, projections, beliefs, and assumptions. Such statements involve significant risks and uncertainties. Actual events or results could differ materially from those discussed in the forward-looking statements as a result of various factors, including competition in the environmental services industry, the impact of the current economic environment, and other factors discussed in greater detail in Quest's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2015. You are cautioned not to place undue reliance on such statements and to consult Quest's SEC filings for additional risks and uncertainties that may apply to Quest's business and the ownership of its securities. Quest's forward-looking statements are presented as of the date made, and Quest disclaims any duty to update such statements unless required by law to do so.