California Recycling, Inc., Crednology Holding Corp.’s wholly owned subsidiary, has signed a multiyear e-waste contract with the City of Torrance, Calif. With the new contract, California Recycling will provide the city with residential and commercial e-waste collection and informative education events.

"This is a great achievement for our organization, and it is a testament to the good work the organization is performing for other municipalities and the great reputation the company has built in Los Angeles County and beyond during the last 10 years,” said Crednology Holding Corp. CEO Oriel Rechtman in a statement. “We expect to continue building on this momentum and achieve other similar contracts with other municipalities in and around Los Angeles County. Our services to the community are appreciated by all, and directly contribute to keeping our planet green."

Under the new contract, the company anticipates a 10 percent to 15 percent increase in revenue and earnings.