LONDON, UNITED KINGDOM and NASHVILLE, TN-- via eTeligis - E-Waste Systems, Inc. (OTCQB: EWSI) announced today that it has signed a joint venture project with National Recovery Technologies (NRT) to build a proprietary sorting system for rare earths recovery from e-waste.
NRT is highly recognized worldwide for innovative sorting technologies in recycling and this venture is a significant expansion of the EWSI brand of technologies," said Martin Nielson, Founder and CEO of E-Waste Systems, Inc. "The combination of resources, knowledge, and expanding global infrastructure expands the capabilities of both companies. This is a significant milestone for EWSI as we continue to implement our strategy for aggressive growth and rapid expansion."
The project is designed to develop a pilot electronic waste sorting facility as add-on to an existing EWSI location. The facility will utilize state-of-the-art detection techniques to identify materials containing rare earth metals such as neodymium and dysprosium within the e-waste stream. The rare earths will then be extracted through innovative magnetic sorting, and further processed for recovery.
NRT developed the technology with help from the Small Business Innovation Research (SBIR) program meant to encourage small businesses to engage in research and development projects aimed at commercialization. NRT has already received its funding through the Environmental Protection Agency (EPA) in 2013 for Automated Identification and Sorting of Rare Earth Elements in an E-Waste Stream.
"We are very enthusiastic and eager to be part of the expanding EWSI brand we believe that being involved in this project takes one of our most innovative technologies to full commercial use," said Tracey Hartje, Technical Sales Manager for NRT. "There is significant strategic value for both parties, and we are eager to commence with our initiatives."
Most rare earth elements are mined through open pit mining, which involves opening the surface of the earth using heavy equipment and machinery. Creating this disruption on the surface of the earth makes mines the point source of release for three major contaminants: radionuclides, rare earth elements, and dust and metal in addition to disrupting thriving ecosystems. Each of these contaminants escapes the mines in different ways and they each have different detrimental effects on the environment.1
"EWSI's objective is a global one and NRT has presence in many important worldly markets," added Mr. Nielson. "They opened a demo center in the Boji Science Park of Suzhou, China in 2012, a European HQ through their parent company, Bulk Handling Systems (BHS) in Amsterdam, The Netherlands in 2013, and continue to experience growth in their Tennessee operations. NRT exemplifies the highest health and environmental standards combined with strong governmental as well as commercial support and interest."
"Sorting e-waste streams has its own set of challenges and risks, at a level separate from anything else in the world of waste management," said John Rich, an R&D Engineer at NRT. "We created technologies designed to mitigate those issues and provide processes that are commercially viable."
Rare Element Resources (REEs) production has been dominated by China for the past decade resulting in dramatically higher prices for all REEs.2 Because of their unique magnetic, luminescent, and electrochemical properties, REEs are utilized in many technologies to enable them to perform with reduced weight, emissions, and energy consumption, while enabling greater efficiency, performance, miniaturization, speed, durability, and thermal stability.3 EWSI's systems reclaim REEs for re-use as a key component of the process.
"The EWSI portfolio of technologies and industry expertise continues to expand and the addition of this new proprietary system enables EWSI to deliver these new solutions on a global scale," added Mr. Nielson. "Teaming with EWSI provides access to network affiliates, proprietary technologies, including the ePlant1000, eWasteCC™, and eWasteTrack™, and committing to the highest industry standards, including zero landfill and the highest tier of health and safety concerns. EWSI brings technology, regulatory knowledge, industry experience, and an interwoven supply chain solution for the proper handling of high-end electronics recycling, and electronic waste materials recovery and reuse on a global scale."
EWSI has recently expanded in the United States adding operations in California, New York, New Jersey, and Ohio and internationally with new operations in India, Mexico, Australia, Argentina, Ghana, the Caribbean, the UK, and Italy. Approximately 65 million tons of global e-waste generation is expected annually by 2017 with strong continual growth.
Sources:
1. Massachusetts Institute of Technology
http://web.mit.edu/12.000/www/m2016/finalwebsite/problems/environment.html
2. Mining.com
http://www.mining.com/chinas-rare-earth-profits-fall-98385/
3. Rare Earth TA
http://www.rareearthtechalliance.com/Applications
About E-Waste Systems, Inc.
E-Waste Systems, Inc. is the first pure play public company in the emerging waste electrical and electronics equipment ("WEEE") industry. EWSI targets companies facing regulations or other mandates for handling e-waste. EWSI operates and assists its large geographical network of affiliates, applying best practices in professional management, offering state-of-the-art engineering, and providing a truly global e-waste solution. Additional information, including the business plan summary, pictures and descriptions of the facilities, staff, and overall progress of the Company is available on the official website and social media sites:www.ewastesystems.com, www.facebook.com/ewastesystems, @ewastesystems.com (Twitter), and Linkedin: E-Waste Systems, Inc. Or contact: Investor Relations at: ir@ewastesystems.com
About National Recovery Technologies
Based out of Nashville, Tennessee, and part of the global family of companies, Bulk Handling Systems (BHS), NRT provides cutting edge sorting solutions to the recycling industry. The company is a world leader in plastic bottle and flake sorting technology, with the world's largest installed capacity in PET plastic reclamation plants. NRT was founded in 1981 as a developer, manufacturer and supplier of high performance systems in the field of on-line industrial inspection and sorting of materials for recycling. Additional information, including recent news, brochures, and contact information, visit: www.nrtsorters.com.
Safe Harbor Statement: Certain statements and information in this release constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
Contact:
E-Waste Systems, Inc.
Investor Relations
ir@ewastesystems.com
SOURCE: E-Waste Systems, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
EWSI_2-27-14_ETL_SMU.docx
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