Leading digital marketplace for waste and recycling announces
three-year, nationwide extension agreement as Wood Residential’s
preferred partner for waste and recycling solutions
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 a
three-year extension agreement with Wood Residential, a national,
award-winning leader in the development, construction, and
management of multi-family communities across the United States. In
this extended agreement, Rubicon will provide waste and recycling
services to help Wood Residential reach its sustainability
targets.
Rubicon’s market-leading RUBICONConnect™ platform has been
deployed across 51 of Wood Residential’s multi-family properties.
As their preferred partner for waste and recycling (with a focus on
waste removal, single-stream recycling, and cardboard recycling),
Rubicon will bring the power and scope of its network of more than
8,000 hauler and vendor partners to bear in support of Wood
Residential’s continued progress toward its goals.
“We are thrilled to announce this extension agreement with Wood
Residential,” said Rubicon’s Tom Owston. “Waste and recycling
education starts at home and in continuing our partnership with
Wood Residential, we are able to not only help them to lay the
groundwork for ending waste at their properties, but we can also
help to educate their residents on proper recycling practices along
the way.”
Wood Residential is an award-winning, full-service, property
management company that proudly operates communities developed both
by Wood Partners and third-party developers. For three years
running, Wood Residential has ranked No. 1 nationally for online
reputation in the J Turner ORA™ Power Rankings (Division III). Wood
Residential is an affiliate company of Wood Partners, a group of
limited liability companies.
“Like Rubicon, Wood Residential is focused on diverting waste
away from landfills and into recycling streams,” said Jaren Miller,
Vice President of Procurement and Facilities at Wood Residential.
“Rubicon is continuing to help us achieve that goal, and we are
excited to see where this partnership leads us in the future.”
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.
About Wood Residential
Wood Residential is an award-winning, full-service, property
management company that proudly operates communities developed both
by Wood Partners and third-party developers. For three years
running, Wood Residential has ranked No. 1 nationally for online
reputation in the J Turner ORA™ Power Rankings (Division III). Wood
Residential is an affiliate company of Wood Partners, a group of
limited liability companies. Wood Partners is a national leader in
the development, construction, and management of multifamily
communities across the United States. Wood Partners has been
involved in the acquisition and development of more than 90,000
multifamily homes with a combined capitalization of $17.3 billion
nationwide. The companies currently own over 70 properties across
the United States with a combined total of more than 20,000
multifamily homes. Headquartered in Atlanta, GA, Wood Partners has
offices in 22 major markets across 15 states nationwide. For more
information, visit woodpartners.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/20230223005172/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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