SOURCE: Sims Recycling Solutions U.S.

Sims Recycling Solutions U.S.

January 16, 2014 10:00 ET

Sims Recycling Solutions Positioned as a "Leader" in the Magic Quadrant for IT Asset Disposition, Worldwide

Evaluation Based on Completeness of Vision and Ability to Execute

WEST CHICAGO, IL--(Marketwired - January 16, 2014) - Sims Recycling Solutions, the global leader in electronics reuse and recycling, is proud to be recognized as a leader in the ITAD industry by Gartner, Inc., the world's leading IT research and advisory company, in its December 2013 Magic Quadrant for Worldwide IT Asset Disposition.

Due to the market demand for global ITAD services, the scope of the Magic Quadrant replaced the North American perspective with one encompassing the global ITAD market. Regionally, there are several companies offering ITAD services, but for the global Magic Quadrant, 11 international vendors were assessed using high-inclusion criteria relating to services delivered, geographies covered and quality of execution.

"With the expanded geographical scope of this assessment, we consider our position in the 'Leaders' quadrant by Gartner as confirmation of our ability to provide quality, consistent services across the globe," stated Steve Skurnac, president of Sims Recycling Solutions. "We will continue to implement best practices from around the world to solve our customers' needs and help them recover the maximum value for their IT and electronic equipment."

According to the Gartner report, "leaders execute well against a robust vision, and are well-positioned for the future." For organizations seeking ITAD services, a vendor's ability to execute and understanding of the market can be crucial to their success. The comprehensive research included in the 2013 Magic Quadrant for IT Asset Disposition, Worldwide report provides important insight to help IT executives get a head-start on their ITAD vendor selection.

Disclaimer:

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Sims Recycling Solutions

Sims Recycling Solutions (us.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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