Rubicon’s technology now powers complex solid waste collection
operations in eleven new cities across the country with a combined
population of more than 950,000.
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 the continued growth and
adoption of its smart technology for government fleets in eleven
more cities across the United States to help run core city
operations, with a focus on solid waste collection.
This acceleration in adoption is led by new city customers
including Rochester, NY; Surprise, AZ; High Point, NC; Newton, MA;
Rockville, MD; Galveston, TX; Cleveland Heights, OH; Dubuque, IA;
North Platte, NE; and Winchester, VA. These cities run essential
waste collection operations servicing nearly one million people
combined across the core urban and suburban fabric of the United
States. Rubicon’s smart technology for government fleets is helping
these cities to:
- Transition from manual, paper-based processes to fully digital
operations
- Balance waste and recycling routes to provide equitable service
frequency to residents
- Reduce missed pickups and unnecessary go-backs
- Save money by improving operational efficiency and enhancing
customer service
With newly-created digital routes in place, each city will be
able to closely monitor route performance, identify areas where
waste and recycling services can be improved, and make data-driven
decisions to enhance operational efficiency and better serve their
communities.
In 2022, Rubicon digitized 2,734 routes and serviced 2.7 million
customers with RUBICONSmartCity-equipped trucks, including 906,493
new city customers. In this same period, the implementation of
Rubicon’s technologies helped cities eliminate 2.9 million sheets
of paper and log 614,000 exceptions, with bins “not out”
compromising 70% of all exceptions. Other exceptions included extra
materials left out, blocked bins, overflowing bins, and recycling
contamination.
RUBICONSmartCity™ is the smartest way for cities, counties, and
other municipalities to manage heavy-duty fleets. It is a
proprietary, cloud-based technology suite that helps local
governments run faster, smarter, and more effective waste,
recycling, and heavy-duty municipal fleet operations. Local
governments today are required to do more with less.
RUBICONSmartCity helps existing government-owned fleets improve
neighborhood streetscapes by monitoring vehicle health, improving
driver behavior, and ensuring that materials are collected
efficiently. The results: fewer vehicle accidents, less road wear,
and safer communities.
“We are thrilled to partner with these eleven cities to help
them transition to a more sustainable and efficient waste and
recycling operation,” said Conor Riffle, Senior Vice President of
Smart Cities at Rubicon. “These cities provide essential services
for their communities, and we are proud to help them make
data-driven decisions to improve route efficiency and enhance their
residential waste and recycling services.”
For more information on Rubicon’s smart waste and recycling,
street sweeping, and snow plowing capabilities, visit the cities
page on the Company’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/20230302005308/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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