WTE Corporation

History

wTe Corporation is a technology-driven, value-added recycling company with specific expertise in the processing of metals and plastics. The Company’s corporate headquarters are located in Bedford, Massachusetts and its current operations include plants in Greenfield, Massachusetts, Albany, New York, and Nova Scotia, Canada.

wTe was started in 1981 to develop waste-to-energy alternatives using state-of-the-art technologies pioneered by the founders of the company. Early customers were municipalities or municipal vendors seeking technical and strategic assistance on the design and operation of waste-to-energy facilities and recycling operations. During this period, wTe was selected by the city of Akron, Ohio, to operate its 1,000 ton-per-day waste-to-energy plant.

In the 1990s, wTe secured outside capital to expand its operations in the recycling sector. Gradually, as business opportunities in this arena became clear, the mission of the Company shifted to include developing and delivering creative, efficient, cost-effective solutions for reclaiming PET (polyethylene terepthalate) plastic resins, the material used in the manufacture of a variety of beverage bottles. Today, UltrePET, LLC (a partnership of wTe and Tomra of North America) is a leading national recycler of PET plastic resins.

wTe also acquired several metals recycling businesses in this time frame, with a plan to transform the metals recycling business model to focus on ferrous and non-ferrous metals recovered from waste-to-energy facilities. Over the last fifteen years, wTe, through its wholly-owned subsidiary wTe Recycling, Inc., has become the leading national municipal ferrous and non-ferrous metal recycler, with a regional focus on the Northeast.

More recently, wTe has taken on new challenges in the high-value non-ferrous metals market. wTe has established a partnership called Spectramet LLC with National Recovery Technologies in Nashville, Tennessee to develop a revolutionary approach to high speed metals sortation. A related approach for molten metal applications has also been undertaken through another partnership called Melt Cognition LLC.

Through UltrePET, Spectramet and our metals business, wTe is driven to develop new business opportunities capitalizing on our core strengths in applying technology and operating know-how to solve complex recycling challenges.

Vision

wTe’s vision is to be the leading technology driven value added recycler of metals and plastics in the world.

Our values are prominently displayed in each of our operations, and are key to the Company:

Integrity

wTe’s employees, above all, are honest. Honesty means straight talk and straight truths. wTe’s employees value integrity and it is a key component of their self-esteem.

Teamwork

Our Company is made up of individuals that work together to resolve issues and identify opportunities to grow our business. A good team breaks down barriers, has open dialogue and treats one another with respect. We take advantage of and draw upon our diverse perspectives and experiences to work on common goals. We collaborate with each other to arrive at the best solution for the team.

Commitment to Excellence wTe and its business units are committed to continual improvement. This means consistently and relentlessly looking for ways to make the Company better in the following areas:

Customer and supplier service

Quality in our products and the work we perform

Safety in the workplace

Environmental performance

Efficiency and productivity

Reliability

wTe employees are dependable. We show up for work every day. We do what we say we are going to do, and we do it on time. Our core employees consistently meet their work obligations and are always willing to pitch in to help. We stand by our commitments and strive for mutually beneficial opportunities with our customers and suppliers.

Creativity

wTe’s mission is to “apply technology and commercial experience to convert recycling challenges into value added business opportunities.” The key to achieving this mission on a day to day basis is the creativity and energy of our team. We identify and solve problems with creative solutions. Whether the problem relates to a sudden change in our markets or a new recycling challenge, our Company prides itself on the ability of its employees to identify the problem, develop a concept for a solution, and implement a new and creative approach.