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World Economic Forum Names RecycleBank a Technology Pioneer

US-based RecycleBank has been selected by the World Economic Forum as a 2009 Technology Pioneer.

New York - RecycleBank, a recycling and environmental rewards program, 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. 
 
According to information, 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 in the U.S. 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. 
 
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.

The Technology Pioneers program is run by the World Economic Forum with guidance from Accel Partners, BT, KPMG and Kudelski Group.  
 
Source: PRNewswire 
 
-B.W.-

See also related external links:

• Republic Services, Inc. - NEWS:  REPUBLIC SERVICES AND ALLIED WASTE COMPLETE MERGER TO FORM LEADING ENVIRONMENTAL SERVICES COMPANY (05.12.2008)
• World Economic Forum Announces 34 Technology Pioneers 2009 (04.12.2008)
• RecycleBank - how it works
• Allied Waste program to reward recycling