Through this partnership with Flipswap that provides cell phone trade-in and recycling services, the company expects to make a strong foothold in the recycling market by extending its reprocessing services to include phones and electronics.
Under the terms of the agreement, Flipswap will be responsible for the inspection, storage and disposition services for cell phones provided through Upstream Worldwide’s consumer channels.
The company expects the program to generate a considerable amount of revenue considering the fact that Americans throw away more than 350,000 cell phones every day and replace their mobile device every 12 months, according to recent ststistics.
Doug Feirstein, CEO of Upstream, said: “This partnership is a major step in our strategy to aggressively expand our new business of recycling consumer electronics in addition to precious metals.
“Our service of recycling these devices helps save the environment from toxic materials being buried in landfills and also provides consumers with extra cash that they would not have if they kept or threw away their old phones or electronics.”
