Panasonic, Sharp and Toshiba Form Electronics Recycling Company

January 7, 2008

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Panasonic Corporation of North America, Sharp Electronics Corporation and Toshiba America Consumer Products have
established a new electronic product recycling management company, Electronic Manufacturers Recycling Management Company, LLC that will provide a recycling service to electronics manufacturers and others, including state and local governments.

The new company’s first activities are focused on providing services to manufacturers who must satisfy the recently enacted requirements in Minnesota for the recycling of used electronic products.

MRM has already entered into collection and recycling agreements with Hitachi Electronics, JVC, Mitsubishi, Philips, Pioneer, Sanyo and Olevia brand maker Syntax-Brillian.

In addition to planning or recycling programs in several states from late 2008 or 2009, including Connecticut, North Carolina, Oregon, Texas and Washington, MRM is also positioned to offer recycling services as needed in other states or on a national scale.

In the first five months since Minnesota’s new electronic recycling law took effect, MRM collected approximately 750 tons of used products, according to Minnesota Pollution Control AgencyCommissioner Brad Moore.

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