Rubicon Achieves AWS Smart City Competency

Designation recognizes Rubicon as an AWS Partner that helps to deploy innovative smart city solutions

Rubicon Technologies, Inc. ("Rubicon") 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 achieved Amazon Web Services ("AWS") Smart City Competency. This designation recognizes Rubicon as an AWS Partner that helps customers and the partner community build and deploy innovative smart city solutions.

AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify AWS Partner Network (APN) members with deep industry experience and expertise.

Achieving the AWS Smart City Competency distinction differentiates Rubicon as an APN member that has demonstrated technical proficiency and proven customer success supporting city governments and city developers who are witnessing an unprecedented rate of urban growth. Rubicon is equipped to help handle the challenges that come with building smarter municipalities and more environmentally sustainable cities. As cities grow, they will require technology solutions that improve solid waste management, urban spatial planning, infrastructure, and city governance.

An example of this is Rubicon's work with the City of Harrisonburg, Virginia. Prior to partnering with Rubicon, the City of Harrisonburg ("the City") did not have any established solid waste or recycling routes. Drivers serviced customers through a flock approach, which resulted in longer routes with higher mileage and inefficient crossover. Solid waste operations were also paper-based, and the City was interested in digitizing their code enforcement and citizen education process. Rubicon's team digitized all of the City's routes. Route duration is now on average one hour shorter in residential operations, from an average of 351 minutes per route, down to 290 minutes. These reduced route durations translate to more than $100,000 in annual savings. Similarly, Rubicon helped the city cut the length of routes almost in half, from an average of 63 miles per route down to 33 miles. This reduced mileage accounts for more than $90,000 in annual savings, and approximately 230,000 pounds of CO2 emissions avoided.

"Rubicon is extremely proud of our long-standing relationship with AWS, and we are thrilled to achieve the AWS Smart City Competency," said Conor Riffle, Senior Vice President of Smart Cities at Rubicon. "Rubicon's mission is to end waste, which refers to waste in the physical sense, as well as wasted time and, in the case of Rubicon's smart city technology products, wasted government resources. Rubicon's work with AWS is enabling cities around the United States to deliver safer, more efficient public services to their residents while continuing to save tax-payer dollars year after year."

RUBICONSmartCity™ is a proprietary, cloud-based technology suite that helps municipal governments run faster, smarter, and more effective waste, recycling, and heavy-duty municipal fleet operations. It runs on AWS, specifically Amazon Relational Database Service (Amazon RDS) and Amazon Simple Storage Service (Amazon S3).

"Speaking on behalf of historic Harrisonburg, Virginia, I am thrilled by the partnership between Rubicon and our great city," said Harsit Patel, Support Services Manager for the City of Harrisonburg. "The annual taxpayer savings generated from utilizing Rubicon's products allows us to put these dollars to work in other areas of the city and provide more efficient and effective government for all."

In 2021, RUBICONSmartCity was listed in Fast Company's World Changing Ideas Awards in the "AI & Data" and "Spaces, Places, and Cities" categories, and it was featured in the Climate Next documentary series by AWS, now available via streaming.

RUBICONSmartCity has been rolled out in more than 80 cities across the United States, including Asheville, NC; Baltimore, MD; Columbus, OH; Durham, NC; Fort Collins, CO; Fort Smith, AR; Glendale, AZ; Greenville, NC; Hartford, CT; Houston, TX; Kansas City, MO; Memphis, TN; Montgomery, AL; Santa Fe, NM; San Antonio, TX; Savannah, GA; Scranton, PA; Spokane, WA; and Roseville, CA. The solution is available for purchase on Sourcewell, the AWS Marketplace, the HGACBuy consortium, and Marketplace.city.

About Rubicon

Rubicon Technologies, Inc. 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 www.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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