Colin Staub is a reporter at Resource Recycling. He can be contacted at [email protected].
E-Waste Corporation’s stock price surged by nearly 20,000% as a result of fraudulent stock manipulation, according to the Securities and Exchange Commission. | Olivier Le Moal/Shutterstock
A man has pleaded guilty for his role in a stock manipulation scheme that artificially inflated the value of E-Waste Corporation, an unsuccessful electronics processing startup, to $120 million, despite the company having no operations or revenue. Continue Reading
Quantum Lifecycle Partners, which operates this ITAD facility in Brampton, Ontario, recently acquired Paragon Bay Group. | Courtesy of Quantum Lifecycle Partners
An e-scrap processor is entering a new business sector by purchasing a telecommunications equipment supplier, and a major Canadian ITAD firm just got a little larger. Continue Reading
EPC opened a facility in Columbia, S.C that is double the size of the two facilities it replaced. | Damrong Rattanapong/Shutterstock
Processor EPC has combined the business operations of two U.S. facilities into a single South Carolina location, which has a footprint twice the size of the previous sites put together. Continue Reading
Lenovo, LG Electronics, Panasonic, Samsung and Sony Electronics partnered with the Consumer Technology Association to form the Consumer Technology Circularity Initiative. | Olga Miltsova/Shutterstock
Major electronics manufacturers this week joined with the Consumer Technology Association to form the Consumer Technology Circularity Initiative, aiming to boost e-scrap processing, improve repair and reuse, and incorporate more recycled content into products. Continue Reading
A shared focus on tracking and showcasing environmental, social, governance metrics to clients was a point of interest for the acquisition. | Chayanuphol/Shutterstock
Fast-growing processor Sprout late last year purchased key assets of CircleIT, a longtime processor previously known as HiTech Assets. A Sprout executive said CircleIT’s platform for tracking and reporting sustainability metrics to clients helped drive the deal. Continue Reading
Cyclic Materials is looking to expand the capabilities of its two technologies to recycle magnets. | Courtesy Cyclic Materials
Ontario-headquartered Cyclic Materials is actively sourcing hard disks from ITAD firms for its magnet extraction and rare earth processing operations. The company is planning to expand with multiple facilities in the U.S. and Canada in the coming years. Continue Reading
A container ship travels under the San Francisco-Oakland Bay Bridge in San Francisco Bay in California. | Jared Paben/E-Scrap News
Exporting end-of-life devices from California has long been a heavily regulated process. This year, lawmakers added another requirement that exporters first prove in-state recycling options were unavailable. Continue Reading
Speaking during the “Maximizing the Value of Your Precious Metals” session were (from left to right) session moderator Bo Guilbeault of Starbucks, John Antonacci of Gannon & Scott, Kristina Picciotti of Global Electronic Recycling, and Naveed Moghadam of Aurubis. | Big Wave Productions
Each company has its own niche in the e-scrap and ITAD game, and by looking at other players as potential collaborators rather than fierce competitors, everyone can benefit financially. That was one takeaway from a recent conversation between a collector, refiner and smelter operator. Continue Reading
TRY ITAD facility in Zama, Japan. | Photo courtesy of CSI Leasing.
CSI Leasing, a global firm that owns recycling and electronics processing facilities throughout the world including EPC, has increased its stake in TRY Corporation, an ITAD operation near Tokyo. Continue Reading
Changes in the electronics recycling stream persuaded URT Solutions to expand the capabilities of its Oregon plant, allowing the facility to process various other device types.