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News Release |
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For further information please contact: Christer Mattsson, CEO, Codima Inc. |
Codima
Inc. (CDMA) Introduces Codima Green -Offering Electronics Waste Recycling Services
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PHILADELPHIA, PA. – May 25, 2010— Codima Inc. (CDMA), global provider of
integrated network management software products and electronics recycling for
companies scaling from the small enterprise to the Fortune 100s, today announced the introduction
of its new division Codima Green. Offering
full recycling services for the growing pile of end-of-life telecom equipment
and other e-waste to new commercial clients and existing customers in North
America, Codima expands its operations further. A year in
progress, Codima Green launches a full service pick-up and recycling
option, facilitating e-waste disposal. The new division is expected to
contribute significantly to revenue growth through the capture of precious
metals refining. Codima Green allows
customers using Codima’s
IT inventory software to identify malfunctioning and outdated hardware,
as well as other clients to increase environmental responsibility. Utilizing the
recycling service, clients help keep non-working equipment out of the world’s
landfills while recovering some of their valuable hardware investment. A rapidly
expanding issue, 50 million metric tons of e-waste is produced worldwide
every year and increasing, according to the United
Nations Environment Programme. In the
US alone, non-profit
Electronics Takeback Coalition reports that 3 million tons of electronics are
discarded each year, though only 16% is recycled. “We project that our clients have millions of dollars of electronic
scrap and e-waste and Codima Green offers an opportunity to them to dispose
their e-waste cost effectively and safely, “comments Codima’s CEO Christer
Mattsson. AVAILABILITY: Codima Green is available at toll free 1-877-285 5359 and
www.codimatech.com Cautionary Note
Regarding Forward-Looking Statements: This press release contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934, including but not limited to statements
regarding the Company's beliefs and expectations about the performance and
benefits of its technology; marketing and commercialization activities; and
our beliefs regarding research and development efforts. These forward-looking
statements involve certain risks and uncertainties that could cause actual
results to differ. All forward-looking statements herein are based on
information available to us as of the date hereof, and we undertake no
obligation to update forward-looking statements to reflect events or
circumstances occurring after this date. SOURCE: Codima Inc. ABOUT CODIMA Inc. Codima
Inc. (CDMA), headquartered in Philadelphia, PA with global reach supported by
eleven offices across North America, EMEA, Latin America, Asia and Australia,
provides best practice software tools to help organizations manage their IT
networks. Fully automated and fully integrated, Codima Toolbox delivers tools
for network inventory, mapping and monitoring using Microsoft®
Office Visio® as well as pre- and post-deployment VoIP management.
Codima Toolbox serves financial institutions, governmental agencies, service
providers and organizations in addition to medium and large companies. Codima
Green, the environmental division, specializes in recycling end-of-life
electronics. The company is a Microsoft Certified Partner and an Avaya
DevConnect Gold Partner. |
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