GEEP, Techway services form joint venture.(ELECTRONICS RECYCLING)(Techway Services Inc.)(GEEP International)(GEEP Texas)(Brief a

Techway Services Inc., Dallas, and GEEP International of Nevada have formed a joint venture company called GEEP Texas. The joint venture is part of Barrie, Ontario-based GEEP's plan to create the largest electronics recycling and end-of-life IT services companies in North America.

The venture involves technology and asset transfers between the two companies. GEEP International will design, finance and install processing equipment for electronic scrap at the new GEEP Texas headquarters plant in the Dallas/Fort Worth area. The cost of the investment is estimated at more than $4 million. In return, Techway Services will share its data destruction processes and technologies.

Under the agreement, Techway Services will continue as a stand-alone company offering complete IT asset disposal services while processing all electronics through GEEP's ISO certified facilities.

The joint venture follows an earlier agreement between GEEP and Techway. In May of 2007, GEEP selected EBAN 2.0 as its volume data overwriting utility, licensing the technology from Techway Services.

The Dallas/Fort Worth plant is to be the first of several GEEP facilities slated to open across North America by next spring.

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