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Faulconer Opens Doors at Growing San Diego Startup

New Facility for ecoATM Helps Put 400 San Diego Residents to Work

Friday, December 12, 2014 - NEWS RELEASE

San Diego, CA – Helping to foster the City’s blossoming innovation economy and create opportunities for every San Diego resident, Mayor Kevin L. Faulconer cut the ribbon for a new 53,000 square foot facility for ecoATM, a San Diego startup that was founded six years ago at the EvoNexus Incubator and provides 400 jobs for San Diego’s local economy.

“Once again San Diego companies are proving that we are a global leader of innovation,” said Mayor Faulconer. “ecoATM is a great example of how ideas can grow and if nurtured properly can create opportunities for many. I look forward to watching ecoATM flourish here and encourage more San Diego startups and entrepreneurs to create, innovate, and grow.”

ecoATM, an Outerwall brand, is the first company to create an automated self-serve kiosk system to buy back old phones, tablets and Mp3 players for cash. ecoATM uses patented advanced machine vision, electronic diagnostics and artificial intelligence to evaluate electronics. ecoATM’s eCycling stations provide a convenient trade-in solution with features that validate sellers’ identities and deter the sale of stolen phones. The company collaborates with national, state and local-law enforcement groups to combat mobile phone theft through technology and education.

CONTACT: Charles Chamberlayne (619) 453-9911 or cchamberlayne@sandiego.gov

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