Date: November 9, 2007
Source: Tomra Systems ASA
Order from Waste Management
TOMRA has today entered into an agreement with an affiliate of Waste Management, Inc. (WMI) for delivery and service of 15 of TOMRA's Automated Recycling Centers (ARC). WMI is North America's leading provider of waste and environmental services to the municipal, commercial, industrial and residential sectors.
Waste Management will use the ARCs in a pilot program in non-deposit markets in North America to test consumers' response to incentive-based recycling. The pilot program represents the introduction of the revolutionary ARC technology in the North American market. Under the agreement the 15 recycling centers will be installed in three test markets during first half of 2008, and the pilot is expected to run until mid 2009.
Says Amund Skarholt, TOMRA's President and CEO: "Combining TOMRA's unique ARC technology with the operational skills and recycling capabilities of Waste Management creates a strong platform for effective and efficient recycling of rigid packaging in non-deposit markets in North America. The agreement represents a commitment by the two companies to test ARCs as a vehicle to increase recycling in North America and to explore the opportunity for further deployment of this technology outside the initial test markets if the pilot is successful".
For further comments, please contact Amund Skarholt (+47 97 55 94 25) or Trond K. Johannessen (+47 91 59 66 88).
Asker, 8 November 2007
Tomra Systems ASA