SOURCE: Sims Recycling Solutions U.S.

Sims Recycling Solutions U.S.

August 27, 2014 09:00 ET

Sims Recycling Solutions Celebrates One-Year Anniversary of On-Site Hard Drive Shredding Vehicle

Mobile Hard Drive Shredder Destroyed More Than 88,000 Drives Over the Past Year

WEST CHICAGO, IL--(Marketwired - August 27, 2014) - Sims Recycling Solutions, the global leader in electronics reuse and recycling is proud to acknowledge the one-year anniversary of its on-site hard drive shredding vehicle, which began servicing customers as of Aug. 14, 2013. Since breaking ground this vehicle alone has destroyed almost 100,000 hard drives which is nearly 200,000 pounds of material.

Within the past year Sims acquired two additional vehicles to keep up with demand. In addition to the vehicles with built-in degaussing and shredding capabilities, Sims Recycling Solutions also owns portable equipment to service areas farther than the vehicle's coverage. The benefit of using an on-site hard drive destruction service is the advantage of witnessing the physical destruction prior to being transported to a recycling facility. Furthermore, it is the confidence in knowing all equipment will be recycled responsibly on the backend.

"As reliance on the cloud and convenient mobile storage solutions grows more data will continue to be stored on servers and hard drives," stated Sean Magann, vice president of Sims Recycling Solutions. "This mobile hard drive shredding service has been great for data centers and businesses in need of convenient data destruction options that offer maximum security."

Customers using this service can observe the degaussing and/or shredding of their equipment and will be provided with certificates of destruction. Video copies of the shredding are also available by request. Further processing and recycling is conducted at the closest Sims Recycling Solutions facility.

Sims Recycling Solutions

Sims Recycling Solutions (www.SimsRecycling.com) is the global leader in electronics reuse and recycling, offering comprehensive IT asset disposition and mobile device refurbishment services. Sims provides disposition services for all types of retired electronic equipment to local, national and global customers in every business sector including data centers, healthcare, financial service and technical organizations.

As a business of Sims Metal Management Limited, the world's largest publicly listed metal and electronics recycler, Sims Recycling Solutions has the global reach, expertise, and infrastructure necessary to ensure to our customers that all electronic devices are processed in a secure and environmentally responsible manner.

Sims operates sites across the globe enabling us to offer a global scope of services on a wide range of local fronts.

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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