GTSO and Chilerecicla Poised to Revolutionize $9 Billion E-waste Market
SAN JOSE, Calif. -- June 21, 2013
Less than a week after finalizing a joint venture with Latin American e-waste
recycler Chilerecicla, Green Technology Solutions, Inc. (OTCBB: GTSO) is
already making plans to translate its new partner’s urban mining success to
the United States.
Founded in 2009, Chilerecicla opened the first e-waste recycling plant in
Southern Chile and specializes in direct removal of e-waste from clients’
offices for reuse and recycling. It’s a successful business model that GTSO
believes can help the company grab a share of the growing global e-waste
recycling and reuse services industry, which Transparency Market Research
predicts accounted for more than $9 billion in 2012.
First, GTSO will help its partner expand its business to Chile’s neighbors.
Latin American nations such as Chile lead the U.S. in recovering unwanted
computers, electronics and other gadgets from the waste stream, but the U.S.
remains a rich market for urban mining that GTSO is determined to tap.
According to the EPA, only about 25 percent of electronic waste is collected
in the U.S., with about 38 percent of that waste stemming from computers.
Urban mining is key to GTSO’s plans to compete alongside major international
corporations striving for sustainable waste solutions, such as Industrial
Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE:SMS).
Late last year, GTSO acquired the companyGlobal Cell Buyers and soon after
rebranded the company asGreen Urban Mining to handleits domestic recycling
and resale operations.
AboutGreen Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.gtsoresources.com] is a growth-oriented
company exploring rare earth minerals and precious metals production and
recycling around the world. To learn more, please visit the website
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Safe Harbor Statement under the Private Securities Litigation Reform Act of
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meaning of Section 27A of the Securities Act of 1933, as amended, and Section
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Green Technology Solutions, Inc.
Paul Watson, 408-432-7285
President and CEO
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