GreenShift Corporation Invests in Air Cycle

Business Wire

GreenShift Corporation announced that it agreed to acquire a 30% stake in Air Cycle Corp., a privately held lamp, ballast, battery and electronics waste recycling company.

"Air Cycle has built an impressive blue-chip following for its existing Bulb Eater® product line," added Kevin Kreisler, GreenShift's chairman and chief executive officer (www.greenshift.com). "We take this as proof positive that the concept of distributed waste reduction and recycling is not just viable but is capable of thriving with the right backing. We intend to provide Air Cycle with this backing as we help them grow through acquisitions, increased sales, and technology development."

Due to U.S. Environmental Protection Agency regulations on fluorescent and mercury vapor lamps, most non-residential facilities are required to properly dispose of their lamps. Landfills are increasingly intolerant of lamps from non-residential sources due to the amount of mercury found in each lamp. Lamps later found in landfills are subject to retroactive clean-up costs under EPA regulations. Recycling of the lamp components is the recommended method of disposal by the EPA and helps to eliminate facility liability. Air Cycle offers lamp recycling products and services nationwide primarily through it's Bulb Eater® product line and it's EasyPak™ recycling program.

Air Cycle Lamp Recycling Solutions

Air Cycle solutions can make it efficient and simple to recycle spent lamps. Crushing large quantities of lamps in the Bulb Eater® prior to recycling can reduce labor by up to 20 hours per 1,000 lamps and storage requirements by up to 80% over recycling intact lamps. EasyPak™ mail-in containers save time recycling small lamp quantities with prepaid return shipping and optional Sustainable Program automatic reordering. Learn more » Air Cycle lamp recycling solutions
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