Rubicon and City of Atlanta Enter Smart City Partnership to Deliver Efficiency in Public Works Operations

Rubicon’s smart city product is now powering the City of Atlanta’s entire solid waste, recycling, and street-sweeping fleet of 150 vehicles, digitizing operations and driving greater efficiency

NEW YORK, New York, May 11, 2023--(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 announced that it has entered into a three-year smart city partnership with the City of Atlanta, Georgia (the "City") to help enhance its residential waste and recycling services.

The agreement will put Rubicon’s smart city software at the heart of Atlanta’s Department of Public Works. Rubicon will help the Department enhance its operations to become a fully digital function, with a focus on route optimization, digital route sheets, digital work flows, tracking exceptions in the field, improved routing for the City’s bulky waste pickup drivers, and street sweeping. The City will use Rubicon’s technology, procured through Sourcewell, to balance its waste and recycling routes to streamline collection, track material and tonnage on its bulky trash routes, and reduce missed pickups and unnecessary go-backs. With RUBICONSmartCity™ in place, the Department of Public Works will be able to closely monitor route performance, identify areas where waste, recycling, and street sweeping services can be improved, and make data-driven decisions to enhance route efficiency and better serve the Atlanta community.

Rubicon is returning to its roots in Atlanta, the site of the Company’s former headquarters and where the RUBICONSmartCity product was born.

"We are thrilled to once again be working with the City of Atlanta to deliver innovative waste and recycling solutions through the power of Rubicon’s smart city technology," said Conor Riffle, Senior Vice President of Smart Cities at Rubicon. "Our partnership is already helping Atlanta to better manage its waste and recycling services, while also improving route efficiency, reducing costs, and enhancing the overall quality of life for its residents."

With a population of 498,715, the City of Atlanta focuses its smart city efforts on five core pillars: multi-mode transport, public safety, the environment, city operations efficiency, and citizen/business engagement. The City leverages data to make better-informed decisions that impact its residents, visitors, and businesses. In utilizing a data-centric model, the City is able to use descriptive, prescriptive, and predictive capabilities to radically improve city operational efficiency, service delivery, and transparency.

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.

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; 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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Contacts

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