Sharps Compliance Corp. (NASDAQ: SMED) (“Sharps” or the “Company”) and Daniels Sharpsmart Inc. (“Daniels”) recently announced they have formed a joint marketing alliance. Sharps is a leading full-service provider of cost-effective mail-back/ship-back solutions designed for the proper management and treatment of medical waste as well as used healthcare products. Daniels is a world-wide leader in sharps containment and medical waste management.
Sharps and Daniels will offer Sharps’ mail-back/ship-back solutions for small quantity generators of medical waste and used healthcare products. In addition, Daniels will offer its route-based pickup services for the larger quantity generators of medical waste. The services can also be blended to include both of the company’s offerings, thus, providing the most efficient and cost-effective solution to meet the needs of all types of health care organizations.
“By combining our easy-to-use and cost-effective Sharps® Recovery and TakeAway™ Recovery Systems with Daniels, we believe we can serve the entire U.S. marketplace with the most cost-effective option for managing sharps disposal, medical waste and used healthcare product treatment,” said President and CEO of Sharps Compliance David P. Tusa. “When our offerings are blended for larger operations that may have multiple-sized facilities, we believe our customers would receive the most efficient and cost-effective solution available in the market today.”
“As a global leader in sharps and medical waste management, we frequently run across opportunities where smaller quantities of medical waste are generated that are well suited for Sharps’ line of solutions,” said Chief Executive Officer Markus Koch. “Combined with our focus on healthcare operations that generate larger quantities of medical waste, we believe the marketing arrangement will effectively serve customers with multiple-sized operations through a combination of route-based pickup and mail-back / ship-back solutions. We are confident that this alliance can be successful because both organizations place a high value on customer service, safety and protecting the environment.”
Safer for the Environment
Sharps and Daniels have focused on identifying means to reduce the environmental impact caused by the generation and disposal of medical waste. Daniels was the first company to develop a reusable Sharpsmart system, which was launched in 1999, and is believed to be the world’s safest and most environmentally responsible sharps management system. Generally, the use of reusable sharps containers is likely to reduce the volume of plastic in sharps waste by more than 25% when compared with other disposable sharps container systems.
Sharps patented Waste Conversion Process™ repurposes used needles, syringes, lancets, used healthcare materials and medical waste, once destined for a landfill, into PELLA-DRX. Shredded and sterilized sharps medical waste and used healthcare materials are compressed into clean, safe and compact PELLA-DRX pellets which are then used as an industrial resource with BTU content greater than coal. Thus far, Sharps has repurposed over 730 million syringes into a material that is powering more than 250 homes per year through a waste-to-energy facility.
“Together, we provide safe and proper containment, collection, transportation and treatment of needles, syringes and regulated medical waste for the largest hospitals as well as the individual who requires self-injectable medications for their health and well-being,” said Tusa. “We believe this is a formidable combination that provides better choices for the healthcare market.”
ABOUT SHARPS COMPLIANCE CORP.
Headquartered in Houston, Texas, Sharps is a leading full-service provider of cost-effective management solutions for medical waste and unused dispensed medications generated outside the hospital and large health care facility setting. Its strategy is to capture a large part of the estimated $2.8 billion untapped market for unused medications, used syringes and medical waste generated outside of hospital and large health care settings by targeting the major agencies that are interrelated with this medical waste stream; including the U.S. government, pharmaceutical manufacturers, home healthcare providers, retail pharmacies and clinics, and the professional market which is comprised of physicians, dentists and veterinary practices.
The Company’s flagship product, the Sharps® Recovery System™ is a comprehensive mail-back solution for the containment, transportation, treatment and tracking of medical waste generated outside the hospital and large health care facility setting. Its TakeAway System™ is designed for individual consumers, retail or mail-order pharmacies, communities and facilities including assisted living, long-term care and correction operations to facilitate the proper disposal of unused dispensed medications. The Complete Needle™ Collection & Disposal System is a safe, easy-to-use and cost-effective solution designed for self-injecting consumers and includes the Company’s containment, packaging, return shipping via the U.S. Postal Service, tracking and treatment.
The Company regularly provides information on the Company and its products at its website: www.sharpsinc.com
ABOUT DANIELS SHARPSMART INC.
Daniels Sharpsmart Inc. is the world's largest provider of reusable systems for sharps disposal and one of the largest medical waste disposal companies in the United States. The Sharpsmart system was launched in 1999 and is the most widely researched sharps containment system in the world and the only system to have peer-reviewed confirmation of sharps injury reduction. The company's innovative Sharpsmart system is used in health care facilities in the United States, Canada, the United Kingdom, Australia, New Zealand and South Africa. For more information, please visit www.danielsinternational.com
Safe Harbor Statement
The information made available in this press 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 serve the entire medical waste marketplace, the success of the joint marketing agreement, the ability to reduce landfill waste, customers’ acceptance of the Company’s waste management solutions,, 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 revenues 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.
Kei Advisors LLC
Deborah Pawlowski, 716-843-3908
Ashley-Harrington Andrews, 919-929-0225
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