Crednology Holding Corp. signs electronics recycling contract

Crednology Holding Corp., Northridge, California, has announced that its wholly owned subsidiary, California Recycles Inc., has signed a new multiyear contract to provide electronics recycling services to Loyola Marymount University, Los Angeles. The contract calls for California Recycles Inc. to begin work immediately a the university has accumulated a large quantity of electronics over the past quarter. The company will work to manage the flow of this material in the future.

Orie Rechtman, CEO of Crednology, says, “This is a very large contract and we are honored to be selected by this world-renowned institution. It will very likely open doors with other privately held higher educational institutions which we are pursuing.”

He adds, “Our response to the slowness in the market, primarily due to the tariff wars with China, is simply to increase market share and bring in more product. We expect this contract to have an immediate positive impact on our financial results for this year and in the future.”

Crednology Holding Corp, a Delaware corporation, is a public holding company that says it is dedicated to enhancing shareholder value through a strategic combination of organic growth, mergers and profitable acquisitions.

The company is engaged in cloud computing and in electronic scrap and recycling. Its main products and services include cloud computing and virtual environment, disaster recovery and business continuity, managed services to corporate accounts and the recycling and disposal of e-scrap and other materials.