Rubicon Announces Multi-Year Extension Agreement with Sweetgreen
November 30 2022 - 8:45AM
Business Wire
Leading digital marketplace for waste and recycling announces
three-year, nationwide agreement as sweetgreen’s lead partner for
waste, recycling, and composting services
Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE:
RBT), a leading digital marketplace for waste and recycling and
provider of innovative software-based products for businesses and
governments worldwide, today announced that it has signed an
extended, three-year agreement with Sweetgreen, Inc. (“sweetgreen”)
(NYSE: SG), the mission-driven restaurant brand serving healthy
food at scale, to continue to help expand sweetgreen’s waste
diversion efforts, and provide enhanced account management as the
company’s lead partner for waste, recycling, and composting
services.
Sweetgreen has been working with Rubicon since 2016. Leading a
movement to reimagine fast food for a new era, sweetgreen
passionately believes that real food should be convenient and
accessible to everyone. Every day, sweetgreen team members create
plant-forward, seasonal, and earth-friendly meals from fresh
ingredients and produce that prioritizes organic, regenerative, and
local sourcing.
Rubicon manages sweetgreen’s waste and recycling programs (with
a focus on cardboard, plastics, and aluminum), and composting and
food scraps recycling; the latter of which constitutes a large
percentage of the company’s waste due to the use of compostable
foodservice ware.
Rubicon also provides enhanced sustainability data, analytics,
and reporting capabilities via its market-leading RUBICONConnect™
platform. With this extended agreement, Rubicon will continue to
bring the power and scope of its network of more than 8,000 hauler
and vendor partners to bear in support of sweetgreen’s
environmental and business goals.
“We are thrilled to announce this extension agreement with
sweetgreen,” said Rubicon’s Tom Owston. “Rubicon’s mission is to
end waste, and it is a mission that the sweetgreen team has fully
embraced since we first began working with them all those years
ago. Sweetgreen’s commitment to waste diversion from landfill is a
testament to their willingness to put sustainability at the very
heart of their business, and we look forward to working with them
for many years to come to help create a more sustainable
world.”
For more information on how Rubicon is deploying its
market-leading technology products to equip businesses, cities, and
haulers with the tools and software they need to improve
operations, meet sustainability goals, and—ultimately—end waste,
visit the Enterprises, Cities, and Haulers pages on Rubicon’s
website.
About Rubicon
Rubicon Technologies, Inc. (NYSE: RBT) is a digital marketplace
for waste and recycling, and provider of innovative software-based
products for businesses and governments worldwide. Striving to
create a new industry standard by using technology to drive
environmental innovation, the company helps turn businesses into
more sustainable enterprises, and neighborhoods into greener and
smarter places to live and work. Rubicon’s mission is to end waste.
It helps its partners find economic value in their waste streams
and confidently execute on their sustainability goals. To learn
more, visit rubicon.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of present or
historical fact included in this press release, are forward-looking
statements. When used in this press release, the words “could,”
“should,” “will,” “may,” “believe,” “anticipate,” “intend,”
“estimate,” “expect,” “project,” the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. Such forward-looking statements are subject
to risks, uncertainties, and other factors which could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements. These forward-looking statements
are based upon estimates and assumptions that, while considered
reasonable by Rubicon Technologies, Inc. (“Rubicon”) and its
management, are inherently uncertain; factors that may cause actual
results to differ materially from current expectations include, but
are not limited to: 1) the outcome of any legal proceedings that
may be instituted against Rubicon or others following the closing
of Rubicon’s business combination with Founder SPAC (the "business
combination"); 2) Rubicon’s ability to meet the New York Stock
Exchange's listing standards following the consummation of the
business combination; 3) the risk that the business combination
disrupts current plans and operations of Rubicon as a result of
consummation of the business combination; 4) the ability to
recognize the anticipated benefits of the business combination,
which may be affected by, among other things, the ability of the
combined company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; 5) costs related to the business
combination; 6) changes in applicable laws or regulations; 7) the
possibility that Rubicon may be adversely affected by other
economic, business and/or competitive factors; and 8) other risks
and uncertainties set forth in the sections entitled “Risk Factors”
and “Cautionary Note Regarding Forward-Looking Statements” in
Rubicon’s Registration Statement on Form S-1 filed with the U.S.
Securities and Exchange Commission (“SEC”), and other documents of
Rubicon filed or to be filed with the SEC. Although Rubicon
believes the expectations reflected in the forward-looking
statements are reasonable, nothing in this press release should be
regarded as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward looking statements will be
achieved. There may be additional risks that Rubicon presently does
not know of or that Rubicon currently believes are immaterial that
could also cause actual results to differ from those contained in
the forward-looking statements. You should not place undue reliance
on forward-looking statements, which speak only as of the date they
are made. Rubicon does not undertake, and expressly disclaims, any
duty to update these forward-looking statements, except as
otherwise required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221129005805/en/
Investor Contact: Sioban Hickie, ICR, Inc.
rubiconIR@icrinc.com
Media Contact: Dan Sampson Chief Marketing & Corporate
Communications Officer dan.sampson@rubicon.com
RubiconPR@icrinc.com
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