MINNEAPOLIS, Sept. 4, 2018 /PRNewswire/ -- Appliance
Recycling Centers of America, Inc. (Nasdaq: ARCI) a leading
provider of utility appliance recycling programs ("ARCA"),
announced today that its subsidiary, GeoTraq Inc., has entered into
an agreement with an electronic design firm specializing in
cellular chipset technology to design an advanced cellular IoT
module that incorporates GeoTraq's proprietary Cell-ID technology
for expected release later this year.
Members of GeoTraq's engineering team will be attending the
Mobile World Congress (MWC) Americas conference in Los Angeles which is held September 12th through the 14th. Companies that
are seeking to deploy small, low cost, long lasting IoT devices
throughout the world are invited to schedule a meeting with our
team by contacting GeoTraq at the telephone number below.
About ARCA
Appliance Recycling Centers of America, Inc. and subsidiaries
("ARCA") are in the business of recycling major household
appliances in North America by
providing turnkey appliance recycling and replacement services for
utilities and other sponsors of energy efficiency programs. In
addition, through its GeoTraq Inc. subsidiary, ARCA is engaged in
the development, design and ultimately ARCA expects the sale of
cellular transceiver modules, also known as Cell-ID modules. For
further product details, future product release schedules, and more
information go to www.geotraq.com.
Forward Looking Statements
This press release contains statements that are forward-looking
statements as defined within the Private Securities Litigation
Reform Act of 1995, including statements regarding the expected
release of the cellular IoT module. 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 the general economic
conditions, competition in the retain 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 (the
"SEC"). Other risks may be detailed from time to time in reports to
be filed with the SEC.
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SOURCE Appliance Recycling Centers of America, Inc.