HiTECH Assets has transformed its business and will adopt the CircleIT brand as the company embraces the circular economy and focuses on repurposing data-bearing technology devices to create beneficial customer, environmental and social outcomes.
Developing solutions to reuse technology and manage e-waste has become an important topic in recent years. In the United States alone, over 100,000 laptops are disposed of daily, and less than 20 percent of electronics are properly recycled – much less refurbished and reused. By reusing just one laptop, consumers avoid the equivalent emissions produced by driving one passenger car for 10 days. E-waste, which represents only 2 percent of U.S. waste, is responsible for 70 percent of hazardous materials in landfills.
As companies strive to reduce their environmental footprint to help address climate and environmental degradation, there is an increasing need to identify effective mitigation efforts. As part of its focus on sustainability and repurposing used technology devices, CircleIT is transforming its Oklahoma City headquarters to enhance product repair and refurbishment capabilities and is announcing many product reuse partnerships that further enable devices to be repurposed instead of recycled.
As part of its transformation, CircleIT is launching two solutions:
In support of the vision and ESG program, CircleIT has also partnered with Circular Computing and a dozen nonprofits across the US to provide refurbished technology at low to no cost. These partnerships will increase CircleIT’s product reuse percentage and will provide a second life for over 200,000 devices each year, avoiding up to 1 million tons of greenhouse gas emissions that would come from mining, manufacturing and transporting new products.
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