Liquidity Services contracts with EPA to recycle and dispose of obsolete electronic equipment

Washington, DC— Liquidity Services, Inc. (LSI), a provider of comprehensive asset recovery services for businesses and the public sector, has been awarded a contract with the Environmental Protection Agency’s Recycling Electronics and Asset Disposition (READ) program to help federal agencies recycle and dispose of electronic equipment. Under the terms of the contract, LSI will provide a comprehensive solution that facilitates asset disposition, refurbishing, recycling and redeployment of surplus electronic equipment to all agencies within the Federal sector.

Through the fixed-rate, performance-based contract, LSI will provide all Federal sector agencies with a customized procurement strategy to dispose of electronics in an environmentally responsible manner.

It is estimated that the Federal Government alone discards approximately 10,000 computers each week and that agencies have accumulated significant volumes of end-of-life electronic equipment awaiting proper disposition.

“The overall goal of our asset remarketing activities is to provide a secure solution that maximizes recovery value of usable property to offset recycling costs for Federal agencies,” said Bill Angrick, CEO of LSI. “By using our experience in managing comprehensive asset disposition programs for the Federal sector, we can provide public sector agencies a robust recycling solution at a low cost to address the avalanche of end-of-life electronic equipment generated by the Federal Government.”

LSI will maximize revenues from usable electronic equipment through a share-in-savings (SiS) program. Under the SiS program, LSI will identify opportunities to save costs associated with recycling efforts and share those savings with Federal agencies to offset the recycling costs of those agencies.

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