MINNEAPOLIS, Sept. 4, 2018 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. (Nasdaq: ARCI) a leading provider of utility appliance recycling programs ("ARCA"), announced today that its subsidiary, GeoTraq Inc., has entered into an agreement with an electronic design firm specializing in cellular chipset technology to design an advanced cellular IoT module that incorporates GeoTraq's proprietary Cell-ID technology for expected release later this year.
Members of GeoTraq's engineering team will be attending the Mobile World Congress (MWC) Americas conference in Los Angeles which is held September 12th through the 14th. Companies that are seeking to deploy small, low cost, long lasting IoT devices throughout the world are invited to schedule a meeting with our team by contacting GeoTraq at the telephone number below.
About ARCA
Appliance Recycling Centers of America, Inc. and subsidiaries ("ARCA") are in the business of recycling major household appliances in North America by providing turnkey appliance recycling and replacement services for utilities and other sponsors of energy efficiency programs. In addition, through its GeoTraq Inc. subsidiary, ARCA is engaged in the development, design and ultimately ARCA expects the sale of cellular transceiver modules, also known as Cell-ID modules. For further product details, future product release schedules, and more information go to www.geotraq.com.
Forward Looking Statements
This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including statements regarding the expected release of the cellular IoT module. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made, including the risks associated with the general economic conditions, competition in the retain and recycling industries and regulatory risks. Other factors that could cause operating and financial results to differ are described in ARCA's periodic reports filed with the Securities and Exchange Commission (the "SEC"). Other risks may be detailed from time to time in reports to be filed with the SEC.
SOURCE Appliance Recycling Centers of America, Inc.