TES's new Las Vegas facility positions it closer to its US client base on the West Coast of the United States, further minimizing logistics costs and emissions while further expanding its overall global operations to 43 locations.

LAS VEGAS, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Continuing with the growth already seen in the Asia-Pacific and Europe, the Las Vegas facility will expand TES's overall processing capacity and deliver a full suite of IT Asset Disposition services to support the technology giants on the West Coast.

The 40,000-square foot facility is anticipated to open in January 2023. It will offer onsite data destruction, data center decommissioning, and the redeployment or resale of parts and assets, including testing, grading, repairing refurbishment, and recycling.

This latest facility complements an existing infrastructure already recognised as the largest globally, bringing TES's investment to almost $10 million in ITAD infrastructure across its North American facilities over the previous five years.

TES's infrastructure is unique. Comprising over 40 facilities located across more than 20 countries, the ownership of these facilities offers clients unique sustainability and consistency through centralized functions, including security, work processes, reporting, value recovery, and compliance.

This latest facility is strategically located close to Las Vegas's major logistics arteries, offering clients lower logistics costs and reduced carbon emissions resulting from excess transportation.

Eric Ingebretsen, TES's Chief Commercial Officer, commented: "As we grow, we must ensure that we continue to closely meet the needs of our customers, not just by offering superior IT lifecycle solutions but also by ensuring that these solutions are combined with the best sustainability-based outcomes for those assets."

Gary Steele, TES's Chief Executive Officer, commented: "This investment backs that commitment by providing best-in-class full lifecycle solutions where our clients are located, backed by a global support network."

According to a new study by Future Market Insights on the IT Asset Disposition market, the ITAD market is anticipated to document a compound annual growth rate of 7.42% during 2022-2032. Fueling this growth is an increased need for data and information security, as well as environmental factors.

TES's services and infrastructure growth align with the data and information security needs of businesses by meeting complex compliance needs while removing the associated barriers to organizations leveraging a strategic ITAD program, such as concerns over data security.