REUZEit Technologies

About REUZEit Technologies

REUZEit Technologies provides a platform for the management, resale, and recycling of excess lab equipment, enabling life science and pharmaceutical companies to recover capital investments and reduce waste. By facilitating the redeployment of unused assets, REUZEit helps clients save on procurement costs and minimize their environmental impact, having prevented over 232 metric tons of greenhouse gases from being released.

<problem> Life science and pharmaceutical companies often accumulate significant amounts of unused or excess lab equipment, leading to wasted capital, storage challenges, and potential environmental impact. Traditional methods of disposal or resale can be inefficient, time-consuming, and may not maximize the recovery of investment. </problem> <solution> REUZEit Technologies offers a comprehensive platform for managing, redeploying, reselling, and recycling surplus lab equipment, enabling organizations to recover capital and minimize waste. The platform facilitates internal redeployment of assets within a company, resale through an online marketplace, and environmentally responsible recycling options. By providing a centralized solution for excess asset management, REUZEit helps clients reduce procurement costs, optimize equipment utilization, and achieve sustainability goals. </solution> <features> - Online marketplace for buying and selling used lab equipment - Product management platform for tracking and managing assets - Redeployment and logistics services to facilitate internal equipment transfers - Site management services for on-site asset assessment and removal - Account management services to support clients throughout the asset lifecycle - Carbon emission reduction reporting to track environmental impact </features> <target_audience> The primary target audience includes life science companies, pharmaceutical firms, and biotech organizations seeking to optimize asset utilization, recover capital from surplus equipment, and reduce their environmental footprint. </target_audience> <revenue_model> REUZEit generates revenue through a combination of equipment sales commissions, service fees for asset management and logistics, and potential subscription fees for platform access and advanced reporting features. </revenue_model>

What does REUZEit Technologies do?

REUZEit Technologies provides a platform for the management, resale, and recycling of excess lab equipment, enabling life science and pharmaceutical companies to recover capital investments and reduce waste. By facilitating the redeployment of unused assets, REUZEit helps clients save on procurement costs and minimize their environmental impact, having prevented over 232 metric tons of greenhouse gases from being released.

Where is REUZEit Technologies located?

REUZEit Technologies is based in Murrieta, United States.

When was REUZEit Technologies founded?

REUZEit Technologies was founded in 2024.

Who founded REUZEit Technologies?

REUZEit Technologies was founded by Justin Andrews.

  • Justin Andrews - CEO
Location
Murrieta, United States
Founded
2024
Employees
2 employees
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REUZEit Technologies

Score: 21/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

REUZEit Technologies provides a platform for the management, resale, and recycling of excess lab equipment, enabling life science and pharmaceutical companies to recover capital investments and reduce waste. By facilitating the redeployment of unused assets, REUZEit helps clients save on procurement costs and minimize their environmental impact, having prevented over 232 metric tons of greenhouse gases from being released.

reuzeit.com10+
Founded 2024Murrieta, United States

Funding

No funding information available. Click "Fetch funding" to run a targeted funding scan.

Team (<5)

Justin Andrews

CEO

Andrei Klimanov

Techstars Paris 2017. Alchemist San Francisco 2018. Techstars LA 2022. One Business Exit.

Company Description

Problem

Life science and pharmaceutical companies often accumulate significant amounts of unused or excess lab equipment, leading to wasted capital, storage challenges, and potential environmental impact. Traditional methods of disposal or resale can be inefficient, time-consuming, and may not maximize the recovery of investment.

Solution

REUZEit Technologies offers a comprehensive platform for managing, redeploying, reselling, and recycling surplus lab equipment, enabling organizations to recover capital and minimize waste. The platform facilitates internal redeployment of assets within a company, resale through an online marketplace, and environmentally responsible recycling options. By providing a centralized solution for excess asset management, REUZEit helps clients reduce procurement costs, optimize equipment utilization, and achieve sustainability goals.

Features

Online marketplace for buying and selling used lab equipment

Product management platform for tracking and managing assets

Redeployment and logistics services to facilitate internal equipment transfers

Site management services for on-site asset assessment and removal

Account management services to support clients throughout the asset lifecycle

Carbon emission reduction reporting to track environmental impact

Target Audience

The primary target audience includes life science companies, pharmaceutical firms, and biotech organizations seeking to optimize asset utilization, recover capital from surplus equipment, and reduce their environmental footprint.

Revenue Model

REUZEit generates revenue through a combination of equipment sales commissions, service fees for asset management and logistics, and potential subscription fees for platform access and advanced reporting features.