Last Updated: 9/19/00

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- Process

1. Upon receiving an incoming shipment at Fox Electronics, a verification and tracking process begins. Weight documentation, contents, quantity and lot tracking numbers are entered into our database. A Lot Traveler is then issued which will accompany the lot through the entire process until final disposition and settlement has been made.
   

   

2. Depending on the type of material contained in the shipment, it is broken down into three categories:
   1. Material for tear-down, destruction and recycling.
   2. Material going directly into inventory for resale / remarketing.
   3. Material going directly into our printed circuit board facility for integrated circuit evaluation, recycling and resale.

In our Tear-Down operation, the product is disassembled, with the various materials contained in the unit (plastic, steel, stainless steel, aluminum, cabling, etc.) disbursed into the proper recycling and waste streams within the facility.

If there are printed circuit boards with reusable components within the units being processed for tear down, those boards are then transferred to our IC Retrieval Department for integrated circuit marketability evaluation and processing.

The remarketable integrated circuits are then entered into the tracking database for settlement with the customer, removed from the PC boards, refurbished, repackaged, and then resold into the worldwide marketplace. The printed circuit board material is then transferred to scrap for precious metal refining.

6. A Settlement Report is then generated for issuance to the customer, detailing all information pertaining to the lot, such as date received, date returned, weight received, reconciliation of weights introduced into the proper recycling and waste streams, charges incurred for destruction of material, and/or amount of return due customer for remarketable product. Remarketable product consists of items such as remarketable IC’s, drives, monitors, peripherals and any other commodity for resale.

7. The remaining material is then shredded and destroyed. A Certificate of Destruction is then issued to the vender with information pertaining to the particular lot, guaranteeing that all non-remarketable material processed in our facility has been destroyed and rendered useless in an environmentally sound manner.