HYLA Mobile named as Finalist in the SME Category World Economic Forum’s Circular Economy Program 2019

HYLA as a finalist will be recognized globally for contribution to the circular economy.

January 15, 2019 – HYLA Mobile is delighted to announce that it’s been chosen as a finalist in the SME Award category of The Circulars 2019. The awards, an initiative of the World Economic Forum (WEF) and the Forum of Young Global Leaders, are the world’s premier Circular Economy award program.

The Circulars offer recognition to organizations that are making a considerable contribution to the circular economy in the private sector, public sector and society. The ceremonies are hosted at the World Economic Forum’s Annual Meeting in Davos, Switzerland.

The SME Award category was extremely competitive, with The Circulars assessing individuals and organizations from across the globe. HYLA is one of six finalists in the category.

Commenting on the nomination, President and CEO of HYLA, Biju Nair said: “It’s a pleasure to be named for a prestigious award which recognizes our involvement in such a positive movement as the circular economy. At HYLA, we want to reinvent the way people view mobile recycling. We see the opportunity to create a viable model for the circular economy where unused devices can be repurposed to encourage sustainable practices, drive digital inclusion and increase revenues – it’s an everyone wins proposition. This recognition helps us in our mission to bring together major global operators, retailers, OEMs and other stakeholders around the world to extend the life of devices.”

HYLA collects, analyses, processes and redistributes refurbished devices to give them a new life; often providing affordable and high-quality wireless technology and internet access to those in developing and emerging markets. Since inception, HYLA has repurposed over 50 million devices, resulting in nearly $4 billion in value for their owners. By extending the life of devices it has helped save more than 6,500 tons of e-waste from going into landfills, avoid over 59.4 billion gallons of groundwater pollution, and bring connectivity to over 30 million unconnected people.