Rubicon Demonstrates Leadership in Organics Recycling
April 03 2023 - 8:00AM
Business Wire
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 shared an update regarding the
Company’s leadership in organics recycling.
Rubicon has been active in its advocacy for a stronger national
infrastructure around organics recycling for years and continues
its leadership role as generator demand grows. The Company
acknowledges encouraging signs with recent changes in legislation
and new organics haulers and processors entering the market, all of
which helps to strengthen local, state, and national organics
recycling networks. However, significant challenges to successful
delivery and adoption of scalable solutions remain.
Rubicon’s work with its city customers is detailed in a recent
case study, where a successful partnership saw over 1,800 tons of
food waste diverted from landfill, which avoided 1,115 metric tons
of C02e emissions (the equivalent of taking 240 passenger vehicles
off the road annually.) Demand from generators both large and small
continues to increase alongside their sustainability goals. As the
case study shows, cities are now joining ranks with businesses,
seeking organics recycling solutions to meet municipal diversion
goals. Haulers that were once solely focused on municipal solid
waste (MSW) are adjusting their fleets to include new organics
trucks while smaller, local organics haulers are enjoying growth as
route density improves for commercial and residential organics
pick-ups.
As a provider of software products to the waste and recycling
industry, Rubicon is acutely aware of both the challenges and
opportunities facing organics recycling advocates at every point in
the supply chain. At the recent Restaurant Facility Management
Association (RFMA) Annual Conference in San Antonio, TX, Ryan
Cooper, Director of Circular Economy Solutions at Rubicon, spoke on
a panel alongside other industry leaders, and emphasized that there
were persistent challenges within this segment of the industry,
such as cases in which organics recycling is mandated in cities,
states, or regions, but frequently the required infrastructure is
not in place to enable compliance. This means that generators often
have to find creative solutions to stay compliant and achieve
sustainable solutions.
Cooper said that in these cases the infrastructure often grows
organically. For example, individuals who are passionate about
compost start by doing local pickups but find that demand is high
enough that they can establish legitimate composting
businesses.
In recognition of his long-term advocacy for organics recycling
across the country and extensive track record of thought-leadership
in the space, Cooper was also recently named Volunteer of the Year
by the U.S. Composting Council (USCC) at the organization’s annual
conference, COMPOST 2023.
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 support organics
recycling, meet sustainability goals, and accomplish its mission of
ending waste, visit the enterprises, governments, and haulers pages
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, including the
impacts of the COVID-19 pandemic, geopolitical conflicts, such as
the conflict between Russia and Ukraine, the effects of inflation
and potential recessionary conditions; and 8) other risks and
uncertainties set forth in the sections entitled “Risk Factors” and
“Cautionary Note Regarding Forward-Looking Statements” in Rubicon’s
Annual Report on Form 10-K 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/20230403005296/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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