Appliance Recycling Centers of America Inc. (ARCA), Hopkins, Minnesota, has been renamed JanOne Inc. and now trades under the symbol JAN. The name change follows the company’s decision to broaden its business perspectives to include innovative solutions to the opioid epidemic, with a focus on developing nonaddictive painkillers.
While refocusing its efforts on the growth area, the company says in a news release that it will continue to operate its legacy ARCA Recycling and GeoTraq businesses under their current brand names. ARCA Recycling Inc. recycles household appliances by providing turnkey recycling and replacement services for utilities and other sponsors of energy efficiency programs. JanOne's GeoTraq subsidiary engages in the development, design and sale of mobile IoT (Internet of Things) modules.
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