- Innovative solution for the safe collection, return transportation and recycling of Single Use Medical Devices (SUDs)
- For use in operating rooms or sterile processing departments (SPDs)
- Effective recycling alternative to traditional SUD reprocessing
- OSHA, DOT and Joint Commission compliant
HOUSTON, April 19, 2016 (GLOBE NEWSWIRE) -- 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.
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Company Contact: David P. TusaSharps Compliance Corp.
Investor Contact: John Nesbett/Jennifer Belodeau
Institutional Marketing Services
Office: (203) 972-9200
Source: Sharps Compliance Corporation
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