Handling End-of-life IT at EPA

Federal agency taps Liquidity Services to recycle, dispose of obsolete electronic equipment

Federal agency taps Liquidity Services to recycle, dispose of obsolete electronic equipment

Washington, DC — January 25, 2005 — The Environmental Protection Agency's Recycling Electronics and Asset Disposition (READ) program has awarded a contract to Liquidity Services, Inc. (LSI) to help federal agencies recycle and dispose of electronic equipment.

Under the terms of the contract, LSI, a provider of asset recovery services for businesses and the public sector, will provide a solution that facilitates asset disposition, refurbishing, recycling and redeployment of surplus electronic equipment to all agencies within the federal sector.

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.

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

LSI's solution includes the following services:

  • Refurbishment of electronic equipment to a useable status.

  • Remarketing of assets using both traditional and online disposition methods.

  • Logistical assistance, including smart sorting and segregation of items to be donated to charities or redeployed within the federal sector.

  • Dismantling and recovery of electronics that are beyond upgrade or refurbishment. LSI will determine which components can be recycled for use in other equipment, which components can be resold on the commercial market and which parts have no market value.

  • Determining proper and safe methods for disposal that ensures all items that are not functional or are obsolete will be recycled properly.

  • Creating an audit trail that provides access to both virtual and hard copy chain-of-custody information to track recycled components from start to destruction and/or recycling.
"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 realize 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.