City of Miami Signs Three-Year Smart City Contract with Rubicon

Rubicon’s smart city product is now powering the City of Miami’s entire solid waste and recycling fleet of 95 vehicles, digitizing operations and driving greater efficiency

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 Miami, Florida (the “City”) to help enhance its residential waste and recycling services.

The agreement will put Rubicon’s smart city software at the heart of Miami’s Department of Solid Waste. Rubicon will help the City’s Department of Solid Waste transition from largely manual and paper-based processes to a fully digital operation as part of Miami’s resilience planning efforts. The City will use Rubicon’s technology 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 newly-created routes in place, the Department of Solid Waste 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 route efficiency and better serve the Miami community.

“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,” said Francis X. Suarez, Mayor of Miami. “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.”

With a population of 442,241 and growing rapidly, Miami is a global technology and sustainability hub. In conjunction with the City’s work with Rubicon, Miami is looking to lead the way in becoming the most sustainable city in the world. The City has pledged to become carbon neutral by 2050, and in 2022 it announced that it had achieved LEED (Leadership in Energy and Environmental Design) Gold certification. LEED, created by the U.S. Green Building Council, is the world’s most widely used green building rating system.

“Rubicon is dedicated to helping cities become smarter, more efficient, and more effective,” said Conor Riffle, Senior Vice President of Smart Cities at Rubicon. “Miami is one of our country’s most unique and culturally significant cities, it is a global tech hub, and we are thrilled to bring Rubicon’s unique technology to the City to power a core service: waste and recycling collection. Rubicon’s technology products will help the City of Miami better understand and meet its citizens’ needs, create a stronger economy, and be more prepared for future challenges.”

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, 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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