RecycleBank Honored as a 2010 Global Cleantech 100 Company and GoingGreen Silicon Valley 100 Category Winner

(3BL Media / the CSRfeed) New York, NY - October 20, 2010 - RecycleBank, the premier green rewards program that motivates people to take environmental actions, today announced recognition in two prestigious rankings: the 2010 Global Cleantech 100, produced by the Cleantech Group, and the GoingGreen Silicon Valley 100, awarded by AlwaysOn. In addition to being named to the AlwaysOn’s GoingGreen list, RecycleBank was the overall winner in the resource recovery and waste management category.   

“Both awards were voted on by members of the greentech community that RecycleBank greatly respects and admires, so we really value the recognition,” said RecycleBank CEO Jonathon Hsu. “We see this as further validation that our approach to encouraging consumers to take part in positive environmental actions is innovative, disruptive and most importantly, truly impacting recycling rates while enhancing the communities they live in.”   The Cleantech Group provides leading global market research, events and advisory services for the cleantech industry. The list is produced as part of the Global Cleantech 100 program, run in collaboration with the Guardian News and Media and sponsored by Autodesk. The Global Cleantech 100 is unique in that it highlights the most promising private clean technology companies from all around the world- those companies which are the most likely to make the most significant market impact over the next 5-10 years in the eyes of the world’s cleantech experts.   The 60-strong expert panel is drawn from well-respected organizations in cleantech innovation from around the world, including leading investors such as Emerald Technology Ventures, Generation Investment Management, Kleiner Perkins Caulfield & Byers, New Enterprise Associates, SAM Private Equity, Sequoia Capital, and VantagePoint Venture Partners, and from a wide variety of corporations from many different industries, such as BASF, GE, Honeywell, IBM, Procter & Gamble, Siemens and Veolia.   “The second Global Cleantech 100 shines a spotlight on which companies and technology areas the global innovation community is currently most excited about, from a commercial standpoint,” Richard Youngman, MD, Europe & VP, Global Research at Cleantech Group, said “There have been significant changes since 2009: more Asian companies and less renewable energy generation companies attest to the growing diversification of cleantech innovation. Cleantech is a broader phenomenon than just clean energy. The wider issues of resource scarcity are starting to gain attention and traction.”   The GoingGreen Silicon Valley 100 winners were selected from among thousands of domestic and international greentech technology companies nominated by investors, bankers, journalists, and greentech industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list. RecycleBank was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz. GoingGreen Silicon Valley 100 companies were honored at AlwaysOn’s fourth annual GoingGreen Silicon Valley on October 12th, 2010, at the Presidio’s Golden Gate Club in San Francisco, Calif.   “The GoingGreen Silicon Valley Top 100 winners have thrived during trying economic conditions through innovation and creativity,” said Weston McBride, greentech editor at AlwaysOn. “It is by their example that the next generation of clean technologies will transform the global economy with more robust systems primed for sustained growth.”   The full list of Global Cleantech 100 firms is available online at http://cleantech.com/GlobalCleantech100.cfm. AlwaysOn GoingGreen 100 winners can be found at
http://www.aonetwork.com/AOStory/Announcing-2010-GoingGreen-Silicon-Valley-100.   # # #   ABOUT RECYCLEBANK RecycleBank® motivates people to take greener actions and rewards consumers with points that can be redeemed from participating local and national business partners. Through collaboration and innovation, RecycleBank is helping to create a culture that encourages people to take simple steps towards greener lifestyles like residential recycling, electronic-waste recycling, home energy conservation and more. We believe that making greener choices shouldn’t at all feel like a trade off—it should be a trade up—and RecycleBank rewards its members every step of the way. RecycleBank currently provides service to over one million people across the U.S. and the U.K. and has been recognized with a number of business and environmental awards, including being named as a Technology Pioneer by the World Economic Forum, as a Champion of the Earth by the United Nations Environmental Programme, and for Outstanding Excellence in Public/Private Partnerships from the U.S. Conference of Mayors. RecycleBank is headquartered in New York City. For more information, visit www.RecycleBank.com.