Smith & Associates Announce CycleIT Asset Disposition Program

HOUSTON, TEXAS – (May 19, 2011) – Smith & Associates, a leader in the electronics distribution market, today announced its CycleIT™ asset disposition program. Smith’s CycleIT program offers customized asset disposition plans that reduce hassle, increase returns, and provide maximum flexibility to customers.

“Our CycleIT program is a culmination of years’ worth of experience and knowledge of IT asset disposition, grouped into a single, comprehensive package,” said Kirk Wehby, Vice President of Global Operations. “From remarketing and refurbishing, to secure data erasure, to earth-friendly recycling services, Smith tailors asset disposition programs that meet a host of objectives.”

The CycleIT asset disposition process ensures IT equipment receives proper evaluation, management, and information protection:

•    IT Asset Evaluation: After receiving an IT equipment list from a customer, Smith evaluates the equipment to measure marketability, details the market value of the assets, and provides recommendations for further action in a comprehensive report. Smith then works with customers to create a custom strategy for proper disposition.
•    Global Asset Management: With strategic processing hubs on three continents, Smith offers asset disposition solutions for international locations. Global offerings include refurbishing and remarketing of retired IT assets. Through a mix of online sales and e-commerce tools, Smith can maximize the exposure of our customers’ IT equipment to yield the greatest return on investment. 
•    Data Erasure Services: Staffed with a team of highly trained technicians, Smith’s data wipe lab is a fully secured space under video surveillance. Smith’s in-house equipment gives our customers the option for equipment destruction and data wiping in accordance with Department of Defense (DoD) standards. Smith's certified technicians follow business and environmental operations that are ISO 9001 and 14001 certified.

“Smith is dedicated to providing customers with cost-effective asset disposition solutions that deliver positive return on investment while securing sensitive information,” said Matthew Hartzell, Chief Operating Officer. “CycleIT represents our commitment to ensuring that IT assets are disposed of in a way that benefits both the customer and the environment.”

Zero landfill, zero incineration, zero waste export

Smith believes in giving IT waste a second chance at life. Using only certified third party recycling partners who are EPA compliant, Smith ensures that e-waste and scrap material is re-purposed rather than sent to landfills. With our Chain-of-Custody disposition reports, Smith helps reduce any risk of fines and fees associated with improper disposal of IT assets.

To learn more about CycleIT and Smith’s asset disposition solutions, visit our CycleIT page here.

About Smith & Associates - Founded in Houston in 1984, Smith & Associates (www.smithweb.com) is a leader in the independent distribution of semiconductors and electronic components to electronics and high-tech manufacturers. Smith offers shortage sourcing for commodity and obsolete parts, innovative purchasing and inventory management solutions, redistribution of excess inventory, and component stocking for warranty and repair programs.

A privately held company, Smith & Associates employs more than 300 people worldwide, with annual revenue in excess of US$400 million. Smith's regional hubs in Houston, Hong Kong and Amsterdam are ISO certified and IDEA compliant. In addition, sales and purchasing offices are located in Silicon Valley, Barcelona, Guadalajara, New York, Shanghai, Shenzhen, Seoul, Singapore and Taipei. For more information or to reach a Smith representative 24 hours a day, please call: 1.800.HOUSTON or +1 713.430.3000

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For more information, contact:
Mark Bollinger
Smith & Associates
V.P. of Marketing +1 713.430.3000

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