Sharps Compliance Corp. Launches TakeAway Recycle System™
April 19 2016 - 8:30AM
Sharps Compliance Corp. (Nasdaq:SMED) announced today that it has
launched its TakeAway Recycle System (“the System”) designed for
the safe collection, return transportation and recycling of single
use medical devices (“SUDs”).
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/765f8a0c-cc4d-4e1d-ad62-306687fb6775
Healthcare facilities are looking for alternatives to the
traditional practice of reprocessing SUDs which has been shown to
potentially increase the risk of patient infections and
malfunctioning devices. Other disadvantages of reprocessed SUDs
include:
- SUDs are not manufactured for reuse
- Reprocessed SUDs are often disassembled and some parts are
exchanged, which can compromise the functionality of the devices
and potentially result in a device with uncertain performance;
and
- Materials used in SUDs are commonly plastic or a combination of
metals and plastic; materials that may be difficult to sterilize
and reuse without causing changes which may result in the inability
to validate the device for reuse.
Virtually all SUDs are composed of materials that can be
recycled and the TakeAway Recycle System ensures that all of the
collected materials are processed down to their basic commodities.
SUDs that were previously destined for reprocessing, the landfill,
or the medical waste bin are shipped via common carrier to Sharps’
permitted facility for recycling.
The TakeAway Recycle System is compliant with DOT, OSHA and
Joint Commission, and includes collection containers that can be
used in either the operating room or the sterile processing
department (SPD). When the System reaches the Sharps facility,
devices are decontaminated following all applicable safety
standards and routed to the proper recycler. Plastics are
treated with Sharps’ patent-pending Waste Conversion Process™ and
the end product is designed to be used to generate
electricity. Batteries and electronics are recovered and
processed by certified recyclers. Hardware and other metals
are recovered and processed by recycling facilities for reuse as
raw material. Customers receive a certificate of recycling
confirming the proper recycling of the SUDs.
David P. Tusa, President and Chief Executive Officer of Sharps
Compliance commented, “As with all of our solutions, the TakeAway
Recycle System is designed to solve a problem for the customer or
improve operational efficiencies in a cost-effective manner.
The healthcare industry reached out to us to design a system
in light of the many concerns surrounding potential safety and
other issues associated with the use of reprocessed SUDs, including
the potential risk of patient infection and the possible
malfunction of reused SUDs. We believe our TakeAway Recycle
System provides a cost-efficient and environmentally friendly
alternative to SUD reprocessing while eliminating the risk of
infection to the patient and associated potential liability to the
healthcare facility. Our target market includes surgery
centers, outpatient surgery facilities, and hospitals, providing an
excellent cross-selling opportunity for our route-based medical
waste management services and other solution offerings.”
TO PRE-ORDER YOUR TAKEAWAY RECYCLE SYSTEM FOR SHIPMENT
MAY 9, PLEASE CALL US AT 800.772.5657 OR VISIT OUR
WEBSITE AT www.sharpsinc.com/recycle-sud.
About Sharps Compliance Corp.
Headquartered in Houston, Texas, Sharps Compliance is a leading
full-service national provider of comprehensive waste management
services including medical, pharmaceutical and hazardous. Its key
markets include pharmaceutical manufacturers, home healthcare
providers, surgery centers, assisted living / long-term care,
retail pharmacies and clinics, and the professional market which is
comprised of physicians, dentists and veterinary practices.
More information on the Company and its products can be found on
its website at: www.sharpsinc.com
Safe Harbor Statement
The information made available in this news release contains
certain forward-looking statements which reflect Sharps Compliance
Corp.'s current view of future events and financial performance.
Wherever used, the words "estimate," "expect," "plan,"
"anticipate," "believe," "may" and similar expressions identify
forward-looking statements. Any such forward-looking statements are
subject to risks and uncertainties and the company's future results
of operations could differ materially from historical results or
current expectations. Some of these risks include, without
limitation, the company's ability to educate its customers,
development of public awareness programs to educate the identified
consumer, customer preferences, the Company's ability to scale the
business and manage its growth, the degree of success the Company
has at gaining more large customer contracts, managing regulatory
compliance and/or other factors that may be described in the
company's annual report on Form 10-K, quarterly reports on Form
10-Q and/or other filings with the Securities and Exchange
Commission. Future economic and industry trends that could
potentially impact revenue and profitability are difficult to
predict. The Company assumes no obligation to publicly update or
revise its forward-looking statements even if experience or future
changes make it clear that any projected results, express or
implied therein, will not be realized.
The photo is also available at Newscom, www.newscom.com, and via
AP PhotoExpress.
Company Contact: David P. Tusa
Sharps Compliance Corp.
Email: dtusa@sharpsinc.com
Office: 713-660-3514
Investor Contact: John Nesbett/Jennifer Belodeau
Institutional Marketing Services
Email: jnesbett@institutionalms.com
Office: (203) 972-9200
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