Recycle Track Systems acquires RecycleSmart to grow portfolio of IoT smart products

Recycle Track Systems, Inc., a provider of traceability and sustainability solutions for the materials, waste, and recycling industry, has acquired RecycleSmart Solutions, Inc., now operating as Recycle Track Systems CA. Included in the acquisition is the Pello waste sensor technology, an Internet of Things (IoT) hardware and software platform developed by RecycleSmart.

Now expanding across North America, Recycle Track Systems delivers its full suite of products and services to large-scale commercial enterprises such as corporate campuses, professional buildings, cities, and businesses looking to simplify operations, improve waste and recycling performance, drive efficiencies, and lower costs.

RTS’s growing product portfolio consists of recurring waste, recycling, organics, and bulk removal services, waste diversion reporting and sustainability programs, data management, equipment rental and on-demand hauling, zero-waste consulting services, and innovative technology solutions. This now includes Pello, an advanced AI-powered device consisting of ultrasonic sensors and a multi-spectrum camera engineered to detect and measure waste bin contents in any environment, identifying contaminants and fill levels with laser-like precision. The rugged, all-weather sensors are connected to cloud-based AI software with full third-party integration to existing systems, giving customers a seamless view of bin data and asset tracking.

RTS co-founder and chief executive officer Greg Lettieri expresses, “We’re excited to announce the acquisition of RecycleSmart, a like-minded company that shares our ethos and commitment to mitigating the environmental impact of waste and recycling management. Our shared values and mission make this a transformational acquisition that will enable us to offer public and private sector organisations across North America even more solutions that save money while reducing environmental impact. With this acquisition, businesses across the US and Canada now have access to a wider range of RTS’s top-of-the-line products and services, including advanced utilities that enhance functionality and data-driven insights that empower and inspire. Together, RTS and RecycleSmart are poised to create a brighter, more sustainable future for waste and recycling management.”

RecycleSmart also brings to RTS a team of industry veterans and highly motivated employees with a strong, people-oriented culture, including a track record of excellence in diversity, equity, and inclusion (DEI), community engagement, and dedication to shared values of collaboration, sustainability.

RecycleSmart chief executive officer Rob Duthie, who has been appointed chief operating officer of RTS, adds, “We are thrilled to build upon our data-enabled, client-centric waste and recycling management systems as part of RTS’s rapidly expanding technology-driven business portfolio. With the strong shared higher purpose and similar approach to positively impacting the industry, I look forward to the combined organisations driving value and change across North America.”

RTS’s acquisition of RecycleSmart builds upon previous acquisitions of Elytus, which added 12,000+ locations across all 50 States, Canada, and Puerto Rico, and Cycle Technology, the reverse vending machine (RVM) technology and data platform that gamifies recycling and is known for rewarding fans and event goers. This wave of tech-focused acquisitions provides RTS customers with expanded sustainability services, combined technology solutions, and better data to reduce waste and increase diversion.

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• Source: https://www.iot-now.com/2023/04/05/129353-recycle-track-systems-acquires-recyclesmart-to-grow-portfolio-of-iot-smart-products/