In celebration of 45 years of recycling, Casella Waste Systems,
Inc. (Nasdaq: CWST), chose America Recycles Day to launch the
latest in a series of videos aimed at educating its customers and
the public on the importance of recycling as part of an integrated
resource management system that facilitates a circular economy,
while maintaining economic and environmentally sustainable business
practices.
“As a leader in recycling processing, we continue to invest in
technology and infrastructure that makes recycling easier for
consumer, enhances the separation of materials, increases the
throughput of our recycling facilities, and improves the quality of
recycled commodities that can be used in new products,” said
Casella Chairman and CEO John W. Casella. “In 2021, our operations
were responsible for managing more than 1.2 million tons of
recyclable material, including 700,000 tons of household,
commercial, and industrial recycling. We have set an ambitious
target to exceed 2 million tons annually of recycling materials by
2030. Putting materials to a higher and better use has been at the
core of our work since we established the first recycling facility
in Vermont in 1977, and our most recent investments illustrate our
continued commitment to recycling.”
Over the past two years, Casella has invested approximately $30
million in its Resource Solutions operations, which include its
recycling processing facilities. The most recent advancements
include the installation of four AMP Cortex robotic systems in two
of its facilities located in Stanley, New York and Rutland,
Vermont. The systems are designed to capture more high-value
plastic material while decreasing contamination and improving the
overall quality of the recycled material used in new products.
Casella believes that that by augmenting the existing labor force
with the AI-powered robots, they can improve worker safety and
employee turnover. In the next year Casella plans to invest further
in its recycling and resource management infrastructure, including
the installation of a new state of the art processing system in its
Charlestown, Massachusetts materials recycling facility, which is
one of the largest in the country.
“We’re proud to have celebrated each America Recycles Day since
its inception in 1997, and even prouder to say that we have been at
the forefront of the recycling movement for 45 years,” Casella
said. “One of the more important things we have learned over the
years is that it takes collaboration across many stakeholders to
drive true sustainability. We’re especially grateful to our
collaborative partners at The Recycling Partnership who helped
bring the AMP Robotics pilot to life with strategic grant
funding.”
For more information and to watch the full video please visit
www.casella.com/recycling-works.
ABOUT CASELLA WASTE SYSTEMS, INC.Casella Waste
Systems, Inc., headquartered in nearby Rutland, Vermont, is the
Northeast’s largest recycler and most experienced fully integrated
resource management company. Founded in 1975 as a single truck
collection service, Casella has grown its operations to provide
solid waste collection and disposal, transfer, recycling, and
organics services to more than 900,000 residential, commercial,
municipal, institutional, and industrial customers throughout the
Northeast, and professional resource management services to over
10,000 customer locations in more than 40 states. For further
information, investors should contact Jason Mead, SVP Finance &
Treasurer at (802) 772-2293, and media should contact Jeff Weld,
Director of Communications at (802) 772-2234, or visit the
company’s website at www.casella.com.
SAFE HARBOR STATEMENTCertain matters discussed
in this press release, including, but not limited to, the
statements regarding our intentions, beliefs or current
expectations concerning, among other things, our financial
performance; financial condition; operations and services;
prospects; growth; strategies; anticipated impacts from future or
completed acquisitions; guidance for fiscal year 2022; and beliefs
or current expectations concerning its sustainability goals and
commitments and anticipated actions to meet such goals and
commitments, and the Company’s progress towards, and achievement
of, its sustainability strategy and vision, are “forward-looking
statements” intended to qualify for the safe harbors from liability
established by the Private Securities Litigation Reform Act of
1995. These forward-looking statements can generally be identified
as such by the context of the statements, including words such as
“believe,” “expect,” “anticipate,” “plan,” “may,” “would,”
“intend,” “estimate,” "will," “guidance” and other similar
expressions, whether in the negative or affirmative. These
forward-looking statements are based on current expectations,
estimates, forecasts and projections about the industry and markets
in which the Company operates and management’s beliefs and
assumptions. The Company cannot guarantee that it actually will
achieve the financial results, plans, intentions, expectations or
guidance disclosed in the forward-looking statements made. Such
forward-looking statements, and all phases of the Company's
operations, involve a number of risks and uncertainties, any one or
more of which could cause actual results to differ materially from
those described in its forward-looking statements.
Such risks and uncertainties include or relate to, among other
things, the following: the ability to increase the amount of
recyclables processed or other resources managed; investments in
new recycling or resource management infrastructure may not improve
the Company’s operations or increase financial performance.
There are a number of other important risks and uncertainties
that could cause the Company’s actual results to differ materially
from those indicated by such forward-looking statements. These
additional risks and uncertainties include, without limitation,
those detailed in Item 1A, “Risk Factors” in the Company's Form
10-K for the fiscal year ended December 31, 2021, and in the
Company’s Form 10-Q for the quarterly period ended September 30,
2022, and in other filings that the Company may make with the
Securities and Exchange Commission in the future.
The Company undertakes no obligation to update publicly any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
Investors:
Jason MeadSenior Vice President of Finance & Treasurer(802)
772-2293
Media:
Jeff WeldDirector of
Communication 802-772-2234http://www.casella.com
A video accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/69f89c9c-b507-42fb-b02f-ae341aebcb40
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