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Recycle Track Systems Secures Financing to Accelerate AI Innovation and Expand Sustainable Waste Solutions Across North America

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NEW YORK, Jan. 24, 2025 /PRNewswire/ — Recycle Track Systems, Inc. (RTS), a pioneer in transforming waste and recycling management, proudly announces the closing of financing, raising over $40 million to drive innovation and reshape the future of waste management. This funding milestone will accelerate RTS’s mission to deliver smarter, cleaner, and more sustainable solutions through groundbreaking AI-powered technology like the revolutionary Pello sensor.

RTS raises over $40 million to drive innovation and reshape the future of waste management.

The round was led by current investor Edison Partners, with participation from Volition Capital, StepStone Capital Partners, and other major stockholders, underscoring strong market confidence and enabling the company to expand its footprint across the United States and Canada.

Greg Lettieri, Co-Founder and CEO of RTS, said:
“This round further strengthens RTS’s position as a pioneer in AI-powered waste management. The continued support from our investors reflects the market’s trust in our innovative approach to sustainability. This capital will accelerate our investments in AI, automation, and expand the deployment of Pello sensors across our customer base, enabling us to collect real-time waste data that sets a new standard for the industry. With this data, we’ll continue to drive innovation and advance how waste management is approached, unlocking new efficiencies and insights that will shape the future of the industry.”

Larry Cheng, Managing Partner at Volition Capital, said:
“We’ve seen RTS grow from a promising startup to an industry leader driving real change in waste management. This funding further accelerates RTS’s momentum, pushing the boundaries of AI and automation while expanding their impact across North America, solidifying their position as the industry’s most innovative and impactful player.”

Chris Sudgen, Managing Partner at Edison Partners, said:
“Edison is thrilled to lead this additional investment and continue our partnership with the company and other existing investors. RTS’ innovative technology and best-in-class execution in the waste and recycling management category continues to generate significant value for customers, resulting in the company capturing incremental market share each year. RTS is at an incredibly exciting inflection point and we couldn’t be more excited to support the company on the next leg of its remarkable journey.”

Shazi Visram, Board Member at RTS and Founder of Happy Baby Organics and HealthyBaby Verified Safe Diapers, said:
“RTS is uniquely positioned to help businesses and municipalities create healthier, more sustainable communities where our waste is better managed for our next generations. With a strong and passionate leadership team and solid foundation, I have full confidence in RTS’s ability to lead the transformation of this industry towards a better way. I’m beyond proud to be on this transformative journey from the early days to a brighter future that benefits us all.”

Deploying Pello AI Technology: Redefining Waste Management
At the heart of RTS’s innovation is Pello, a cutting-edge AI-powered sensor designed to transform waste and recycling operations. Pello provides real-time insights into container contents, fill levels, contamination, bin location, and temperature. Its intuitive dashboard enables businesses to optimize hauling, automate pickups, and accurately track ESG commitments, all while driving waste diversion and sustainability efforts.

Shaping Urban Waste Management Through Commercial Waste Zones (CWZ)
RTS has further solidified its leadership in the industry by securing a ten-year contract in New York City. As the youngest company selected through a highly competitive government RFP process, RTS stands out as one of five awardees for city-wide containerized services and as a zone awardee for three commercial waste zones. By integrating cutting-edge technology with municipal systems, RTS enhances customer service, optimizes collection tracking, and drives waste diversion efforts. In partnership with trusted, locally established haulers—Winters Bros., City Waste Services of New York, and Regency Recycling—RTS is advancing sustainability initiatives across all five boroughs.

This initiative is part of RTS’s broader strategy to grow its footprint across the United States and Canada, bringing AI-powered solutions to more cities and municipalities. The company’s technology-driven approach ensures greater efficiency and improved waste diversion, aligning with environmental goals and sustainability commitments nationwide.

Looking Ahead: A Sustainable Future
This new funding will fuel RTS’s next wave of innovation, expanding its AI-driven solutions and empowering businesses and municipalities across North America to accelerate the transition to a cleaner, more sustainable future.

About Recycle Track Systems
Recycle Track Systems, Inc. (RTS) is an industry leader in waste management, harnessing cutting-edge technology to transform how businesses and municipalities handle waste. RTS leverages AI, automation, and data analytics to optimize waste collection, diversion, and recycling programs, making sustainability easier, more efficient, and cost-effective. Key offerings such as the Pello sensor, the Cycle reverse vending rewards program, and full-service waste and recycling solutions empower clients to improve operational efficiency and reduce their environmental impact. With a focus on innovation and operational excellence, RTS is committed to creating a cleaner, more sustainable future. For more information, visit rts.com or follow RTS on LinkedIn, Facebook, Instagram, and X.

PRESS CONTACT
NAN HU
Nan.Hu@rts.com

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Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Chef Robotics Physical AI Models Can Now Automate Baked Goods Packing

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SAN FRANCISCO, April 29, 2026 /PRNewswire/ — Chef Robotics, a leader in physical AI for the food industry, today announced that Chef robots can now automate tray assembly for baked goods packing. The application places baked products, such as burger buns, chocolate chip cookies, biscotti, butter cookies, biscuits, fortune cookies, granola bars, rusks, and shortbreads into trays and packaging containers before sealing.

Watch Chef robots in action.

Baked goods packing has historically been difficult to automate for high-mix production. Each item behaves differently on the production line—a granola bar compresses under the wrong grip, while a biscotti or rusk can crack if placed at the wrong angle. Surface textures range from glazed and smooth to crumbly and irregular, and strict presentation requirements leave little room for error. This variability has made it challenging for automation systems to reliably handle baked goods at production speeds, leaving food manufacturers dependent on manual labor and traditional bakery equipment.

To address this, Chef built its baked goods packing application on its existing piece-picking capability, which uses Chef’s AI-powered computer vision and physical AI models trained across diverse real-world production environments. This allows Chef robots to assess each item’s position, shape, and orientation in real time and determine how to pick the items from the pan and place them quickly and precisely without damaging them.

The baked goods packing application supports four distinct placement capabilities.

First, Chef’s vision system detects the angle at which each item sits in the pan and reorients it after picking, placing it on the tray at the exact angle required, regardless of its original position, enabling retail-ready presentation for SKUs that require precise angular placement.

Second, Chef robots can place multiple baked goods into the same packaging container in a single automated pass, completing full tray assembly without manual intervention.

Third, for packaging containers with multiple small compartments, Chef robots can precisely place items into each designated section, including multiple items in the same compartment, using Chef’s AI vision model to detect compartment positions and orientations in real time.

Fourth, Chef’s vision system identifies the exact center of each tray and places every item at a predefined offset from that center, ensuring a uniform, consistent arrangement across every pack regardless of how trays arrive on the conveyor.

For food manufacturers evaluating bakery systems and baked goods packaging automation, the application offers higher throughput, reduced labor dependency, and consistent presentation across shifts. The capability runs on Chef’s existing robotic hardware and software, allowing manufacturers to deploy it without requiring any changes to their production lines.

Chef’s baked goods packing application is available in the U.S., Canada, Germany, and the UK and is included as part of Chef’s robotics-as-a-service (RaaS) pricing model.

About Chef Robotics
Chef is the first company to have commercialized a scalable AI-driven food robotics solution. With over 104 million servings made in production, Chef leverages ChefOS, an AI platform for food manipulation, to offer a Robotics-as-a-Service solution that helps industry-leading food companies increase production volume and meet demand. Headquartered in San Francisco, CA, Chef aims to empower humans to do what humans do best by accelerating the advent of intelligent machines. Visit https://chefrobotics.ai to learn more.

View original content:https://www.prnewswire.com/news-releases/chef-robotics-physical-ai-models-can-now-automate-baked-goods-packing-302756923.html

SOURCE Chef Robotics

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Air Products to Expand Industrial Gas Supply for Samsung Electronics’ Next-Generation Semiconductor Fab in South Korea

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New investment underscores the company’s long-term commitment to Korea and its leading role in the global semiconductor industry 

LEHIGH VALLEY, Pa., April 29, 2026 /PRNewswire/ — Air Products (NYSE:APD), a world-leading industrial gases company and serving Samsung globally, today announced it has been selected by Samsung to supply industrial gases for its new advanced semiconductor fab in Pyeongtaek, Gyeonggi Province, South Korea.

Under the agreement, Air Products will build, own and operate multiple state-of-the-art production facilities and a bulk specialty gas supply system to supply nitrogen, oxygen, argon, and hydrogen for Samsung’s new semiconductor fab. The new facilities are expected to come onstream in multiple phases from 2028 through 2030.

Air Products has a long track record of executing multiple phase expansions in Pyeongtaek to support Samsung’s growing manufacturing needs. This latest project represents Air Products’ largest investment to date in the semiconductor industry and will establish Pyeongtaek as the company’s single largest operations site globally supporting the electronics industry. 

“Air Products is honored to be selected once again by Samsung and to have their continued confidence as a trusted partner supporting their strategic growth plans,” said SR Kim, President, Air Products Korea. “This significant investment reinforces Air Products’ role as a leading global supplier to the semiconductor industry and underscores our long-standing commitment to supporting our strategic customers with safety, reliability, efficiency and excellent service.”

Air Products has served the global electronics industry for more than 40 years, supplying industrial gases safely and reliably to many of the world’s leading technology companies. The company has operated in Korea for more than 50 years and has established a strong position in electronics and manufacturing sectors.

About Air Products

Air Products (NYSE: APD) is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world’s largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally.

Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries. For more information, visit airproducts.com or follow us on LinkedInXFacebook or Instagram.

This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including the risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 and other factors disclosed in our filings with the Securities and Exchange Commission. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

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SOURCE Air Products

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