ARCA Press Release
Appliance Recycling Centers of America (ARCA) Awarded Contract by Great River Energy
December 3, 2009
Minneapolis, MN
Appliance Recycling Centers of America, Inc. (NASDAQ: ARCI) today announced that it has been awarded a contract by Great River Energy to provide refrigerator and freezer recycling services for its member cooperatives’ residential electric customers in Minnesota. The program is scheduled to begin on April 1, 2010 and run through September 30, 2010.
Through this program, participating electric cooperative consumers who turn in operating but energy inefficient refrigerators and freezers will be eligible for a $35.00 incentive check. Customers may turn in two units per account per year and will receive a $35.00 incentive for each unit. The incentive, which will be paid by Great River Energy and its member cooperatives, is designed to offset the costs normally incurred when disposing of an old refrigerator or freezer, often in favor of a new, more energy efficient model.
Qualifying refrigerators and freezers must be operational (cooling) at the time of pickup and have rated capacities between 10 and 27 cubic feet. Great River Energy’s member cooperatives will distribute additional program information to cooperative consumers in early 2010.
Edward R. (Jack) Cameron, President and Chief Executive Officer, said: “We are extremely pleased to have the opportunity to provide turnkey appliance recycling services for this energy efficiency program sponsored by Great River Energy in our home state of Minnesota. The program will be ARCA’s sixth utility-sponsored energy efficiency program in Minnesota. By capitalizing on ARCA’s successful Great American Refrigerator Roundup® campaign, Great River Energy and its member cooperatives will reduce residential electricity demand, help lower their customers’ energy bills and provide public environmental benefits.”
About ARCA
ARCA (www.arcainc.com), one of the nation’s largest recyclers of major household appliances for the energy conservation programs of electric utilities, currently provides services for 150 utility programs in the U.S. and Canada. Toxic chemicals and environmentally harmful materials such as ozone-depleting refrigerants, PCBs, mercury and oil are carefully recovered in the decommissioning process for destruction or disposal, preventing them from contaminating soil, air and water resources. The company is also the exclusive North American distributor for UNTHA Recycling Technology (URT), a materials recovery system for household refrigeration appliances.
About Great River Energy and Its Member Cooperatives
Great River Energy (www.GreatRiverEnergy.com) is a not-for-profit cooperative which provides wholesale electricity to more than 1.7 million people through 28 member distribution cooperatives in Minnesota and Wisconsin. Great River Energy’s member cooperatives range from those in the outer-ring suburbs of the Twin Cities to the Arrowhead region of Minnesota to the farmland of southwestern Minnesota. Great River Energy’s largest distribution cooperative serves more than 120,000 member-consumers; the smallest serves just over 2,400.
This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made, including the risks associated with general economic conditions, competition in the retail and recycling industries and regulatory risks. Other factors that could cause operating and financial results to differ are described in ARCA’s periodic reports filed with the Securities and Exchange Commission. Other risks may be detailed from time to time in reports to be filed with the SEC.
For Additional Information Contact: Edward R. (Jack) Cameron, CEO or
Peter Hausback, EVP and CFO
(952) 930-9000
