Rubicon’s technology for municipal fleets has been successfully
deployed in more than 100 cities, including eight of the top 20
U.S. cities by population
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 deployed its
smart city technology in more than 100 cities, including eight of
the top 20 U.S. cities by population.
This milestone, which was achieved in just six years, follows a
string of new city customer announcements for Rubicon, including
the cities of Houston, Miami, Atlanta, and Denver, as well as
almost a dozen mid-sized cities that were added to the Company’s
municipal customer list in the first quarter of 2023.
Mayor Sylvester Turner of Houston, the fourth largest city in
the United States with a population of more than 2.3 million
residents, called the milestone announcement significant, noting
that partnering with Rubicon is helping Houston to optimize its
solid waste operations and make it possible for the city to
digitize its entire waste and recycling management system:
“The City of Houston is committed to providing the highest level
of service to its residents. Working with Rubicon allows us to
provide better services, save taxpayer dollars, and deliver a
better quality of life for Houstonians.”
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.
Mayor Francis X. Suarez of Miami, a global technology and
sustainability hub that, in conjunction with its work with Rubicon,
is looking to lead the way in becoming the most sustainable city in
the world, said:
“The goal of Miami’s Department of Solid Waste is to promote a
safe, clean, and healthy environment while delivering a
comprehensive, cost-effective, and environmentally sound solid
waste management service for our residents. I look forward to
working with Rubicon alongside the great men and women of our
Department of Solid Waste to improve our city’s operations and give
the residents of Miami the most efficient waste and recycling
collection experience possible.”
“We are thrilled to partner with Rubicon to bring the latest
smart city technology to our solid waste and recycling services,”
said Michael B. Hancock, Mayor of Denver, Colorado. “This
partnership is a continued testament to Denver’s overwhelming
commitment to innovation and efficiency in delivering core public
services to our residents, and I look forward to continuing on this
journey with Rubicon to drive greater efficiency in our operations
for years to come.”
“Rubicon’s technology is helping drive meaningful progress
within Scranton’s public works operations,” said Paige Cognetti,
Mayor of Scranton, Pennsylvania. “Digitizing our operations was a
long time coming, and we look forward to continuing to work with
Rubicon to utilize the data and insights that these processes
reveal, generating opportunities for greater efficiencies in our
overall daily workflow and improved service delivery for our
residents.”
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.
“Local governments today are required to do more with less,”
said Conor Riffle, Senior Vice President of Smart Cities at
Rubicon. “These cities run essential waste collection operations,
and in working with Rubicon we are helping each and every one of
them transition to a more sustainable and efficient waste and
recycling operation. We are thrilled to have hit the milestone 100
cities number, and we look forward to continuing our rapid
expansion of reach and impact in the coming years.”
For more information on Rubicon’s smart waste and recycling,
street sweeping, and snow plowing capabilities, visit the
governments 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, 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/20230613068247/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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