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Product Stewardship Institute Announces Two New Sustaining Partners
Date:4/27/2009

Covanta Energy and Sharps Compliance Join Growing List of Corporate Partners

BOSTON, April 27 /PRNewswire/ -- The Product Stewardship Institute, Inc. (PSI), a national, non-profit organization focused on reducing the health and environmental impacts of consumer products, today announced that Covanta Energy Corporation, a wholly-owned subsidiary of Covanta Holding Corporation (NYSE: CVA) and Sharps Compliance Corp. (OTC Bulletin Board: SCOM) are new PSI Sustaining Partners. Both Covanta Energy and Sharps Compliance recognize the value of product stewardship and support its advancement. Covanta Energy has rolled out mercury recycling programs in several of the communities where it operates Energy-from-Waste facilities to help reduce mercury from the waste stream. Sharps Compliance has been an active participant in PSI's National Dialogue on Medical Sharps, contributing valuable expertise in developing solutions to the environmental and health problems caused by used hypodermic needles in the waste stream. These new Sustaining Partners join a diverse network of more than 50 corporate and organizational partners dedicated to reducing the health and environmental impact of consumer products.

"We are always looking for new corporate partners that can provide sustainable solutions that protect our environment," said Scott Cassel, PSI's Executive Director. "Removing mercury and medical sharps from the waste stream, where they present hazards and drive up costs for local governments, are PSI priorities. Covanta Energy and Sharps Compliance are doing their part to address these problems. Their perspectives will be helpful as PSI brings government, business, and environmental organizations together to promote product stewardship."

As an international owner and operator of Energy-from-Waste and other renewable energy projects, Covanta Energy's facilities convert municipal solid waste into clean, renewable energy for communities throughout the country. "We are working to provide a safe, reliable, and environmentally superior waste disposal option that can help communities achieve their sustainability goals," said John G. Waffenschmidt, Vice President of Environmental Science and Community Affairs at Covanta Energy. "Like PSI, we have identified materials that we believe do not belong in the waste stream and we are happy to partner with them in their efforts to improve product stewardship."

Sharps Compliance provides disposal for medical waste, especially hypodermic needles and lancets. "PSI was the first national organization to promote extended producer responsibility in the United States," said Burt Kunik, Chairman and CEO of Sharps Compliance. "Many of their efforts have led to much needed legislation, and our partnerships with them will enable us to influence future 'green' efforts in our industry."

PSI offers three levels of corporate partnership: Founding Partners, Sustaining Partners, and Partners. All PSI partners support PSI's mission and recognize the organization's Principles of Product Stewardship. Benefits include opportunities to shape public policy by participating in PSI national dialogues, access to information and networks, technical and strategic advice, recognition, and marketing opportunities.

About PSI:

The Product Stewardship Institute (PSI) is a national environmental institute with membership from 45 states, over 75 local governments, and more than 50 businesses, environmental groups, and organizations that establishes cooperative agreements to reduce the health and environmental impacts from consumer products. PSI promotes producer responsibility in the context of shared responsibility for the lifecycle management of consumer products. For more information, visit www.productstewardship.us.

About Covanta:

Covanta Energy, a subsidiary of Covanta Holding Corporation, is an internationally recognized owner and operator of large-scale Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy. Covanta's 38 Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid waste to generate clean, renewable energy. Annually, Covanta's modern Energy-from-Waste facilities safely and securely convert approximately 16 million tons of waste into more than 8 million megawatt hours of clean renewable electricity and create 10 billion pounds of steam that are sold to a variety of industries. For more information, visit www.covantaholding.com.

About Sharps Compliance Corp.:

Sharps Compliance is a provider of disposal solutions for alternative site healthcare facilities and other generators of medical waste and unused pharmaceuticals. The Company's flagship product, the Sharps Disposal by Mail System(R), is a cost-effective and easy-to-use solution to dispose of medical waste such as hypodermic needles, lancets and any other medical device or objects used to puncture or lacerate the skin (referred to as "sharps"). The Company also offers a number of products specifically designed for the home healthcare market and products for the safe disposal of unused pharmaceuticals, RxTakeAway(TM). More information on Sharps Compliance can be found on its website at: www.sharpsinc.com.


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SOURCE The Product Stewardship Institute, Inc.
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