RUBICONSmartCity™ Continues Rapid Growth with Expansion into Eleven More Cities Across the United States

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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