RUBICONSmartCity™ Reaches Milestone; The Company’s Smart City Technology Has Been Deployed in More Than 100 Cities

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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