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World Economic Forum Names RecycleBank a 2009 Technology Pioneer

December 4, 2008

NEW YORK, Dec. 4 /PRNewswire/ — RecycleBank, the premier recycling and environmental rewards program, has been selected by the World Economic Forum as a 2009 Technology Pioneer. RecycleBank earned this distinction in the energy and environment category. Technology Pioneers are recognized for their accomplishments as innovators of the highest calibre and are companies with technologies that will have a deep impact on business and society.

RecycleBank’s valuable rewards and loyalty program rewards households for the amount they recycle. Households in the program are provided with recycling carts retrofitted with an RFID (radio frequency identification) tag which matches the cart ID to the household address and account number. The RFID tag measures the amount a home recycles and converts that weight into RecycleBank Points. Similar to frequent flier programs, the more households recycle, the more Points they earn. Members can watch their RecycleBank Points grow online at www.recyclebank.com, as well as learn about their personal environmental footprint. RecycleBank Points can be redeemed for groceries, gift cards and much more at over 1,000 brand name national and local retailers across the country. Currently, RecycleBank is servicing communities in 15 states. To date, RecycleBank households have diverted over 60 thousand tons of recyclables from landfills, saving over 40 million gallons of oil and more than 601,000 trees.

“RecycleBank is honored to be recognized by the World Economic Forum and to be considered in the same company as other global technology innovators that have received this distinction,” said Ron Gonen, Co-founder and CEO of RecycleBank. “This honor comes at an exciting time in our company’s history as the recent expansion of our services in the West, Midwest and Southern states brings RecycleBank closer to fulfilling its mission of dramatically increasing household recycling rates across the U.S.”

This year marks the 10th anniversary of the Technology Pioneers program. To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership and show all the signs of being a

long-standing market leader – and its technology must be proven. Previous Technology Pioneers include 23andme, Amyris Biotechnologies, Dr Reddy Laboratories, Google, Gridpoint, Infosys, Kaspersky Lab, Mozilla Corporation and Nanosolar.

The Technology Pioneers 2009 hail from various fields and this year’s class is one of the most geographically diverse ever with companies from 15 countries: Austria, Canada, Chile, France, Germany, Ghana, Japan, India, the Netherlands, Nigeria, Norway, the People’s Republic of China, Switzerland, the United Kingdom, and the United States.

“We congratulate the 34 newly selected Technology Pioneers for their remarkable achievements and welcome them to the wider community of the World Economic Forum. During these difficult times, we are certain that the technologies driven by these visionary companies will contribute to the next wave of growth, with the innovative and entrepreneurial spirit that characterizes them,” said Andre Schneider, Managing Director and Chief Operating Officer of the World Economic Forum.

The Technology Pioneers program is run by the World Economic Forum with guidance from Accel Partners, BT, KPMG and Kudelski Group. Technology Pioneers 2009 are invited to participate in the World Economic Forum Annual Meeting 2009 in Davos-Klosters, Switzerland, from 28 January to 1 February, and in the Annual Meeting of the New Champions that will be held in Dalian, People’s Republic of China, in September 2009, and are integrated into the Forum’s initiatives.

The entire list of Technology Pioneers, as well as profiles and interviews with the executives of the selected companies, can be found at: HYPERLINK “http://www.weforum.org/techpioneers” \o “http://www.weforum.org/techpioneershttp://www.weforum.org/techpioneers. To download print-quality, high resolution photographs of the CEOs of the selected companies, visit http://www.pbase.com/forumweb/techpioneers2009

About RecycleBank

RecycleBank is a rewards program that motivates people to recycle. We do this by quickly and easily measuring the amount of material each home recycles and then converting that activity into RecycleBank Points that can be used at hundreds of local and national rewards partners. RecycleBank is simple to implement, market-driven, and proven to work; saving municipalities’ money and rewarding citizens for their environmental stewardship. Kleiner, Perkins, Caulfield and Byers, RRE Ventures, The Westly Group and Sigma Partners are institutional shareholders. Ron Gonen, the co-founder and CEO, is the largest individual shareholder. RecycleBank is headquartered in New York City and also maintains an office in Philadelphia. Visit www.recyclebank.com for more information.

About the World Economic Forum

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas. Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests (http://www.weforum.org).

SOURCE RecycleBank


Source: newswire



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