Hardware

Recycle Track Systems acquires reverse vending machine maker Cycle Technology

Image provided by RTS.

February 14, 2023

Recycle Track Systems Inc., known as RTS, a provider of traceability and sustainability solutions utilized in the materials, waste and recycling industry, has acquired the assets of Cycle Technology Inc., including its reverse vending machine technology and recycling rewards platform, according to a press release.

Terms of the transaction were not disclosed.

Cycle powered by RTS partners with teams across the MLB, MLS and NFL to increase recycling rates and reduce waste, and is available in select stadiums.

Cycle made its debut with Heineken USA and Inter Miami CF in early 2022 then expanded as part of Anheuser-Busch's National Recycling League, a multi-sports league coalition aiming to reduce waste on game day, to first launch at Washington Nationals' Nationals Park, then with the Philadelphia Eagles.

The Eagles were the first team in the NFL to debut the emerging technology, offering prizes from autographed items to even tickets to next year's season opener for fans who make use of them at their home games at Lincoln Financial Field.