January 5, 2010 (FinancialWire) — Sharps Compliance Corp. (NASDAQ: SMED), a leading full-service provider of cost-effective disposal solutions for medical waste and unused dispensed medications, is initiating a pilot program with the United States Department of Veterans Affairs .

The program will take place within the VA Capitol Health Care Network (Veterans Integrated Service Network 5″ or “VISN 5), which currently provides quality health care for eligible veterans in Maryland and portions of Virginia, West Virginia, and Pennsylvania, as well as the District of Columbia. The pilot allows each of the medical centers within the VISN 5 region, both inpatient and outpatient, to provide the Sharps Disposal By Mail System(R) and the RxTakeAway solutions to their patients. The VISN 5 is part of the Veterans Health Administration which encompasses the largest integrated health care system in the United States, consisting of 153 medical centers, in addition to numerous community based outpatient clinics, community living centers and Vet Centers. Together these health care facilities provide comprehensive care to over 5.5 million Veterans each year.

Sharps Disposal By Mail System(R) is a comprehensive solution for the containment, transportation, destruction and tracking of medical waste generated outside the hospital and large healthcare facility settings, while the RxTakeAway is a comprehensive solution that facilitates the proper disposal of unused medications. In conjunction with the pilot program, each participating veteran will receive a survey so VISN 5 administrators can gauge their perception of the program and ease of use.

On December 7, 2009, the company announced that it was awarded a five-year Federal Supply schedule contract by the General Services Administration of the U.S. government . The GSA Schedule provides a streamlined vehicle for federal government agencies to purchase the company’s products and services, including the Sharps Disposal By Mail System(R), Sharps Medical Waste Management System and RxTakeAway solutions. Sharps also was awarded a Distribution and Pricing Agreement  with the Defense Supply Center of Philadelphia’s  directorate of Medical Material  which provides the automated tools to promote efficient procurement of medical products for the Department of Defense. In February 2009, the company was awarded a $40 million contract with an agency of the United States government to provide its Sharps(R)MWMS, a Medical Waste Management System.

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