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Rubicon Announces Multi-Year Extension Agreement with Sweetgreen

Leading digital marketplace for waste and recycling announces three-year, nationwide agreement as sweetgreen’s lead partner for waste, recycling, and composting services

NEW YORK, November 30, 2022--(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 signed an extended, three-year agreement with Sweetgreen, Inc. ("sweetgreen") (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, to continue to help expand sweetgreen’s waste diversion efforts, and provide enhanced account management as the company’s lead partner for waste, recycling, and composting services.

Sweetgreen has been working with Rubicon since 2016. Leading a movement to reimagine fast food for a new era, sweetgreen passionately believes that real food should be convenient and accessible to everyone. Every day, sweetgreen team members create plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing.

Rubicon manages sweetgreen’s waste and recycling programs (with a focus on cardboard, plastics, and aluminum), and composting and food scraps recycling; the latter of which constitutes a large percentage of the company’s waste due to the use of compostable foodservice ware.

Rubicon also provides enhanced sustainability data, analytics, and reporting capabilities via its market-leading RUBICONConnect™ platform. With this extended agreement, Rubicon will continue to bring the power and scope of its network of more than 8,000 hauler and vendor partners to bear in support of sweetgreen’s environmental and business goals.

"We are thrilled to announce this extension agreement with sweetgreen," said Rubicon’s Tom Owston. "Rubicon’s mission is to end waste, and it is a mission that the sweetgreen team has fully embraced since we first began working with them all those years ago. Sweetgreen’s commitment to waste diversion from landfill is a testament to their willingness to put sustainability at the very heart of their business, and we look forward to working with them for many years to come to help create a more sustainable world."

For more information on how Rubicon is deploying its market-leading technology products to equip businesses, cities, and haulers with the tools and software they need to improve operations, meet sustainability goals, and—ultimately—end waste, visit the Enterprises, Cities, and Haulers pages on Rubicon’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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221129005805/en/

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