Sharps Compliance Awarded Blanket Purchase Agreement From U.S. Department of Veterans Affairs

Sharps Compliance Corp.

("Sharps" or the "Company"), a leading full-service national provider of comprehensive waste management solutions including medical, pharmaceutical and hazardous, announced that it has been awarded a blanket purchase agreement ("BPA") from the U.S. Department of Veterans Affairs ("VA") for the supply of its Takeaway Medication Recovery System™ Envelopes to VA healthcare facilities nationwide as part of the VA's Consolidated Mail Outpatient Program. The awarded BPA allows, but does not obligate, the VA to purchase up to $7 million, per year, of TakeAway envelopes over a five year agreement period. The BPA is structured as a base year, plus four option years, agreement. There is no guarantee of volume and the BPA may be cancelled by either party upon a 30 day written advance notice to the other party. "We are very pleased to have this opportunity to work with the VA to assist their Consolidated Mail Outpatient Pharmacy program," commented David P. Tusa, President and Chief Executive Officer of Sharps. "The VA operates the nation's largest integrated healthcare system and this national program makes our TakeAway envelopes available to any of the 24 million Veterans who might require this service. Our envelopes meet all of the requirements of the DEA's October 2014 Secure and Responsible Drug Disposal Act for the proper and cost effective collection, transportation and treatment of consumer dispensed unused medication including controlled substances. We applaud the VA for making it easier for Veterans to safely dispose of unused medications, including controlled substances, while also protecting their families, communities and the environment."