SANTA BARBARA, CA – October 1, 2012 – Rincon Technology, Inc. (Rincon), a pioneer in developing innovative investment recovery programs and a global leader in the secondary market for optical transport, data networking, wireless and server/storage products, announced the expansion of their business with new offices in Denver, Colorado, Miami, Florida and an Executive Briefing Center and Distribution facility in Reston, Virginia. 

 Jason Kelly, Rincon Technology Co-Founder, President and CEO reports, “We are excited to announce the opening of these three new facilities. This expansion fits nicely into Rincon’s existing footprint and leverages our platform for delivering high-performing Investment Recovery programs. With these new facilities, Rincon now serves our communication service providers’ clients across a number of their key markets. This enables us to better serve our existing customers and provides a strong foundation for the opportunities in our development pipeline.” 

 Mr. Kelly goes on to say, “This is an exciting period of growth for Rincon. We are a strong and stable company with increasing revenue, footprint, headcount, capabilities and strong operating margins." 

 Michael Bartling, Rincon Co-Founder, EVP of Sales and Purchasing says, “It is exciting as a sales leader to see us putting our best resources, people and infrastructure into these key markets. In an environment where companies are being asked to do more with less, our customers have found that they can “change the rules” and utilize Rincon to help them craft creative solutions to the challenges they face.” 

 Mr. Bartling further states, “With the increased regional presence these three new offices bring, I’m optimistic that we’ll be able to make an even bigger impact on our customers and deliver strong results next quarter and in the years to come.” 

 

SANTA BARBARA, CA – October 10, 2012 – Rincon Technology, Inc. (Rincon), a pioneer in developing innovative investment recovery programs for communication service providers announced today it has achieved year-to-date (“YTD”) revenue growth of 87% in 2012 over the same period in 2011, demonstrating that Rincon continues to deliver excellent value to its customers and OEM partners. 

“Rincon’s year-to-date results are a direct result of continued regional expansion, accelerated top-line growth, increased operating margins and re-investment in the company,” says Rincon Co-Founder, President and CEO Jason Kelly. “Our success is driven both by the industry environment – one where community service providers are building out their networks at an accelerated pace to meet increasing bandwidth demands – and by a company specific factor of increased adoption and demand for Rincon’s approach to investment recovery. This approach generates cash from stranded assets and decreases the acquisition cost of the products and services required to build networks.” Mr. Kelly explains further, “This year we’ve seen growth in the number of programs under management and in the number of items placed into the programs, as well as an increase in customer satisfaction scores for those programs.” 

Michael Bartling, Rincon Co-Founder and EVP of Sales and Purchasing, is pleased with the balance represented by the company’s results. “As in the preceding periods, our top-line revenue growth was accomplished without eroding margins and with a diverse product mix comprised of 65% data networking and pluggable optics, 25% switching and optical transport, and 10% mobility products.” Mr. Bartling also reports, “These figures validate one of Rincon’s key differentiators, which is our ability to offer a varied product mix and industry expertise in the critical forward-looking product categories our customers care most about.” 

SANTA BARBARA, CA – May 14, 2012 – Rincon Technology, Inc.(Rincon), a pioneer in developing innovative investment recovery programs for communication service providers announced today it achieved Q1 2012 revenue growth of 41% over the same period in 2011. This success demonstrates that Rincon is delivering excellent value to its customers and OEM partners.

“Rincon’s Q1 results were a continuation on the themes of accelerating top-line growth, increasing operating margins and re-investment in the Company,” says Rincon Co-Founder, President and CEO Jason Kelly. “Our Q1 success was driven by our earlier investment and continued commitment to regional expansion—an approach that places our Investment Recovery associates closer to the customer.”

Mr. Kelly further states, “We are demonstrating that this approach not only increases responsiveness, but also results. This quarter we saw growth in the number of programs under management, the customer satisfaction scores of those programs and in the ultimate metric, the revenue they generated.”

Michael Bartling, Rincon Co-Founder and EVP of Sales and Purchasing, was equally pleased with the Company’s Q1 results. “In an environment where companies are being asked to meet increased bandwidth demands with shrinking budgets and resources, Rincon customers have found that they can “change the rules” and leverage our Investment Recovery programs to help them meet this challenge.”

Mr. Bartling also reports, “This quarter our customers were increasingly utilizing the cash generated by our asset remarketing programs to purchase low-cost, high-quality used hardware. By doing so they can stretch their capital budgets and meet their aggressive network build-out targets. Given this outcome and the macro trends we are seeing, we’re optimistic that we’ll be able to make an even bigger impact on our customers and deliver stronger results in Q2.”

 SANTA BARBARA, CA – May 11, 2012 – Rincon Technology, Inc. (Rincon), a pioneer in developing innovative investment recovery programs and a global leader in the secondary market for optical transport, data networking, wireless and server/storage products, announced today that it achieved top-line growth of 106% in 2011. This figure reinforces its continued pattern of accelerating growth.

Jason Kelly, Rincon Technology Co-Founder, President and CEO reports, “These results demonstrate that Rincon is able to “change the rules” in how our customers approach the difficult problem they are faced with, which is how to expand capacity more quickly and more cost effectively.”

Mr. Kelly goes on to say, “Rincon’s customers have found that pairing our investment recovery program, which generates cash from idle assets, with low-cost, high-quality secondary market hardware, helps them to resolve this difficult problem.”

While looking forward and summarizing the impact of this year’s results, Mr. Kelly adds, “Because of our earlier investments in systems and process, the Company is scaling incredibly well. We took advantage of the operating margins afforded by top-line growth and scale in 2011 by investing in ways to further support our customers. Specifically, we implemented new, robust IT systems and grew our sales and program management head count by nearly 75% in 2011. We also expanded our regional footprint into the Atlanta and Boston markets. We believe we’ll see tangible, positive ROI on these investments in the first half of 2012.”

 Michael Bartling, Rincon Co-Founder and EVP of Sales and Purchasing, is pleased with the balance represented by the Company’s growth in 2011. “As in the preceding three years, our top-line revenue growth was accomplished without eroding margins and with a diverse product mix comprised of 42% switching and transport, 28% data networking, and 17% wireless products.”

 Mr. Bartling also reports, “These figures further validate one of Rincon’s key differentiators, which is our ability to offer a varied product mix and industry expertise in the critical forward-looking product categories our customers care most about.”

 He goes on to state, “Given the momentum generated by these results, our increasingly diverse product mix and our expanded regional presence, we have put ourselves in a position to be very successful in 2012 and beyond.”

For more information about Rincon Technology, please contact Jason Kelly, Co-Founder, President and CEO, at (805) 684-8100.

 

 

SANTA BARBARA, CA – October 11, 2010 – Rincon Technology, Inc. (Rincon), a pioneer in developing investment recovery programs for communication service providers and large enterprises, announced today it achieved Q3 gross-profit-dollars growth of 21% over the same period in 2009. This success demonstrates that Rincon is delivering excellent value to its customers and partners.

“Rincon’s Q3 results were a continuation on a theme of solid profitability and good year-over-results,” said Rincon Co-Founder, President and CEO Jason Kelly. “As with the previous three quarters, our Q3 success was driven by the continued expansion of our Investment Recovery Programs. This growth was achieved through the number of programs under management, and the increased revenue they generated.”

Michael Bartling, Rincon Co-Founder, and EVP of Sales and Purchasing, was equally pleased with the Company’s Q3 results. “In an environment where companies are being asked to meet increased bandwidth demands with shrinking budgets and resources, our customers have found that pairing the cash generated by our asset remarketing programs, with the savings afforded by purchasing low cost, high-quality used hardware, allows them to stretch their capital budgets and meet their network build-out targets.”

For more information about Rincon Technology, please contact Jason Kelly, Co-Founder, President and CEO, at (805) 684-8100.

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Rincon Technology, Inc. (Rincon), a pioneer in developing investment recovery programs for communication service providers and large enterprises, announced today the launch of RinconExchange.com. Rincon Exchange is the e-commerce arm of Rincon Technology, Inc.

Rincon Co-Founder and President and CEO, Jason Kelly, believes the launch of Rincon Exchange is of great value to the Company’s customers. “Many of the items offered on Rincon Exchange have traditionally only been available through Original Equipment Manufactures (“OEM”) authorized distributors or wholesale equipment brokers. We are pleased to offer them now, direct to retail end users, at prices that are up to 90% off list pricing and in stock.”

Rincon Technology was founded in 2003 by secondary market veterans, with strong industry relationships and product expertise in core routing and optical transport products.

The Company has grown consistently by executing on its founders’ vision of developing investment recovery programs for communication service providers and large enterprises that allow them to turn their surplus, legacy assets into liquid capital. This capital can then be used to finance the acquisition of cutting-edge products needed to keep up with the high bandwidth demand of their customers. As a result of these unique programs, Rincon found itself with an increasing supply of high-value equipment, which lead the Company to look for additional channels to market this material outside of its traditionally strong ties with planning groups at carriers and cable operators. Rincon Exchange is one of these channels.

Click on the link below to see the press release:

http://www.businesswire.com/news/home/20101005007034/en

 

SANTA BARBARA, CA – August 25, 2010 – Rincon Technology, Inc. (Rincon), a pioneer in developing investment recovery programs for communication service providers and large enterprises, announced today it achieved gross profit growth of 49% in Q2 2010 over the same period in 2009. This success demonstrates that Rincon is delivering excellent value to its customers and partners.

Click on the link below to read more:

http://www.businesswire.com/news/home/20100824006334/en/Rincon-Technology-Experiences-49-Year-Year-Growth

SANTA BARBARA, CA- April 12, 2010 - Rincon Technology, a pioneer in developing innovative investment recovery programs and a global leader in the secondary market for data networking, server/storage and optical transport products, announced today that it achieved gross profit growth of 18% in Q1 2010 over the same period in 2009. (click on link to read more)

www.businesswire.com/news/home/20100412006990/en/Rincon-Technology-Experiences-18-Growth-Q1-2010

SANTA BARBARA, CA - January 28, 2010 – Rincon Technology, a pioneer in developing innovative investment recovery programs and a global leader in the secondary market for data networking, server/storage and optical transport products, announced today that it achieved income growth of 47% in 2009. This result indicates a continued pattern of bottom-line growth and the scalability of its business model.  

“Despite a challenging macro and industry environment, Rincon Technology grew its core investment recovery business by 40% and strengthened its capital structure through new financial partnerships,” says Jason Kelly, Rincon Technology President & CEO. “Rincon Technology delivered sequential growth in gross profit dollars each quarter in 2009.”

This growth was accomplished with no customer representing more than 10% of the Company’s revenue and a diverse product mix: 61% data; 21% transport (optical and wireless); 14% legacy switching and 4% server/storage.  

“These segment results further validate one of Rincon Technology’s key differentiators, which is our ability to offer a varied product mix and industry expertise in five critical product categories,” reports Michael Bartling, Rincon Technology EVP of Sales and Purchasing.  

The Company also continued to invest in ways that fueled and supported its growth. It increased its sales force by 15%; expanded into a new corporate headquarters in Santa Barbara, CA; further enhanced its web-based tools to better meet the needs of their investment recovery customers; and expanded the capacity of its fulfillment center in Oxnard, CA.

Mr. Kelly emphasized that, “We continue to invest in growing our brand and our ability to execute on large contracted programs. However, because of our earlier and thoughtful investments in infrastructure, these growth investments did not come at the expense of bottom-line results, as demonstrated by a 25% growth in EBITDA and a 47% growth in income for 2009.”

For more information about Rincon Technology and its successful partnerships, please contact Jason Kelly, President & CEO, at (805) 684-8100.

SANTA BARBARA, CA - September 28, 2009 - Rincon Technology, a global provider of investment recovery programs, data networking, server/storage, wireless and optical transport products announced today that it has expanded into new corporate headquarters.

Built in 2008, the new office is located in the heart of downtown Santa Barbara. The facility satisfies Rincon Technology's near-term growth requirements, while providing a solid technical foundation and room for continued growth.

"The move to the new space illustrates, that despite the challenging economy, Rincon is thriving. This success is based on our ability to help our customers expand their networks at a time when budgets are shrinking and demand for bandwidth is growing. We do this by dramatically reducing the dollars needed to accomplish this", says Jason Kelly, President.

Michael Bartling, Vice President, Sales adds, "Our new downtown location's incredible aesthetics provide for an inspiring work environment, supports our ability to attract a talented work force and furthers the Rincon brand."

In addition to its corporate headquarters, Rincon Technology maintains a Project Management & Fulfillment center in Oxnard, California. Finance/Administration office in Denver, Colorado, and Regional Sales Offices in Kansas City, Missouri and Kuala Lumpur, Malaysia.

For more information about Rincon Technology and its new corporate headquarters in Santa Barbara, California, please contact Jason Kelly, President & CEO, at (805) 684-8100.

CARPINTERIA, CA - January 15, 2009 – Rincon Technology, an innovative leader in the secondary market for high-end telecommunications products announced today that it achieved income growth of 66% in 2008. This income result indicates a continued pattern of growth and is indicative of how well the business is scaling.

“Rincon Technology continues to demonstrate product and customer diversity,” says Jason Kelly, President & CEO. “Despite a Global recession, Rincon grew its Gross Profit by 24% year over year and delivered sequential growth each quarter in 2008. Additionally, no customer represented more than 8% of our revenue in 2008.”

Rincon Technology achieved its growth in 2008 through a diverse product mix: 44% data; 20% mobility; 18% transport; 13% legacy and 5% server/storage. These market segment results further Rincon Technology’s claim that they offer a varied product mix and industry expertise in each of five critical industry sectors. The Company also continued to invest in ways that fueled and supported its growth. It increased its employee base by 33%; added a West Coast warehouse in Oxnard, California; opened an office in Asia; re-launched its website; and introduced enhanced web-based tools to better meet the needs of their asset management customers.

Mr. Kelly emphasized that, “We continue to invest in growing our brand and our ability to execute on large contracted programs. Because of earlier and thoughtful investments in infrastructure, these growth investments did not come at the expense of bottom-line results as demonstrated by the 66% growth in income for 2008.” For more information about Rincon Technology and its successful partnerships, please contact Jason Kelly, President & CEO, at (805) 684-8100.

CARPINTERIA, CA  - January 15, 2009 – Rincon Technology, an innovator in the secondary market for high end telecommunications products announced today it is now an authorized HP Renew Program Channel Partner.

The HP Renew Program offers a comprehensive portfolio of thoroughly remanufactured HP products that are a mirror image of new HP products, at very competitive prices.  All HP Renew products undergo the same building and testing process as for new products, and all come with a complete HP warranty. If you are looking for refurbished or reconditioned technology, consider fully remanufactured products from Rincon and HP Renew.

Peter Blair, Rincon Technology Server/Storage Leader says the benefits to HP Renew are immense. “You get the best technology available, complete HP warranty, service, and support options at competitive prices.  Our customers have been clamoring for this,  and we’re happy to be able to deliver it for them. ”

Michael Bartling, Rincon Technology EVP of Sales adds, “One of our key differentiators is the breadth of our product offerings, from mobility, transport, data, to server/storage.  This partnership is further evidence that best in class OEM’s are looking to Rincon to help them gain market share in this challenging economic environment.”

For more information about Rincon Technology and its successful partnerships, please contact Jason Kelly, President & CEO, at (805) 684-8100.

CARPINTERIA, California—October 15, 2008—Rincon Technology, an innovative leader in the secondary market for high end telecommunications products, announced today the relaunch of its Company web site. The new site is structured to make it easier for Rincon’s customers to get information, and it’s also designed to reflect the recent relaunch of the Company’s brand.

”I am very pleased with the new look and feel of our web site because it visually reflects the success and growth the Company has experienced in the last few years,” says Jason Kelly, Rincon Technology President & CEO.

Mr. Kelly goes on to say, “Most important, the new site is easier for our customers to navigate, and it contains up-to-date information that clearly communicates our values, our full array of services, our exclusive relationships and the expertise we offer that has made us a respected thought leader in our industry.”

For more information about Rincon Technology and its new web site, please contact Jason Kelly, President & CEO, at (805) 684-8100.

You can visit the new site at http://www.rincontechnology.com

CARPINTERIA, California—July 15, 2008—Rincon Technology, an innovative leader in the secondary market for high end telecommunications products, announced today the relaunch of its new Company branding. The new branding is designed to reflect Rincon Technology's growth and success, and its position as a respected and progressive leader in the secondary market for telecommunications products.

The Company’s new identity was developed after a thorough industry and competitive analysis was conducted by Tocquigny, a leading branding and business consulting firm in Austin, Texas. Tocquigny was recently named the #2 Interactive Agency in the country by B2B Magazine.

“We wanted our brand and all its touch points to reflect the findings in Tocquigny’s market analysis of our Company,” says Jason Kelly, Rincon Technology President & CEO. “Tocquigny reported that 95% of our customers feel we are the most responsive organization they deal with.”

Mr. Kelly goes on to say, “Tocquigny also found what sets us apart is our deep expertise in the secondary market for telecommunications products, and our exclusive access to equipment that other companies simply don’t have. Accordingly, we wanted our new branding to reflect the leadership position we hold in our market, and we believe we have done that.”

For more information about Rincon Technology and its brand relaunch, please contact Jason Kelly, President & CEO, at (805) 684-8100.

CARPINTERIA, California—July 15, 2008—Rincon Technology, an innovative leader in the secondary market for high end telecommunications products, announced today it has opened a new operations center in Oxnard, California.

The new state-of-the-art facility will greatly expand Rincon Technology’s testing capabilities, and provide the Company with more resources to meet customer needs.

Jason Kelly, Rincon Technology President & CEO, believes the new operations center will greatly benefit the Company’s clients. “We now have seven times more space for administrative, testing and warehousing functions, which will enable us to provide even greater efficiencies for our clients.”

Mr. Kelly adds, “The addition of our new operations center is another clear indication of the growth and success the Company continues to achieve. It also allows us to leverage and build on our existing relationship with K&N, who we will continue to utilize to provide highly responsive, high quality, cost effective, local solutions for our customers around the world.”

For more information about Rincon Technology and its new operations center in Oxnard, California, please contact Jason Kelly, President & CEO, at (805) 684-8100.

CARPINTERIA, California—April 5, 2008–Rincon Technology, an innovative leader in the secondary market for high end telecommunications products, announced today its first quarter revenues for 2008 were up 63% over its first quarter in 2007.

These results build on the momentum achieved by the Company in fiscal year 2007, and clearly demonstrate its ongoing commitment to sustained growth and success.

“I am very pleased our first quarter revenues are up 63% over last year,” says Jason Kelly, Rincon Technology President & CEO. “I’m equally excited this growth was not at the expense of our operating margins, which were flat, despite continued investment. This demonstrates that all of our early investment in people, process and infrastructure has given us a platform to scale effectively.”

The Company’s first quarter results were driven by Rincon Technology’s successful remarketing programs for OEMs and large carriers.

For more information about Rincon Technology and its 2008 first quarter results, please contact Jason Kelly, President & CEO, at (805) 684-8100.

CARPINTERIA, California–January 5, 2008–Rincon Technology, an innovative leader in the secondary market for high end telecommunications products, announced today its revenues increased 66% in 2007. These results demonstrate very robust and balanced growth for the Company.

“In addition to growth of 66%, our inventory turns improved 300% over 2006”, says Jason Kelly, Rincon Technology President & CEO. “We are also quite pleased that we achieved this expansion over a diverse product mix that includes: data, 39%; transport, 38%, mobility, 13%; server/storage 6%; and legacy, 4%.”

The results were also achieved over a broad customer base, with no one client representing more than 11% of the Company’s revenue.

These market segment results support Rincon Technology’s claim that they offer a varied product mix and industry expertise in each of these five critical industry sectors.

For more information about Rincon Technology and its 2007 year-end results, please contact Jason Kelly, President & CEO, at (805) 684-8100.

CARPINTERIA, California—December 27, 2007—Rincon Technology, a progressive leader in the secondary telecommunications industry, announced today it increased 2007 sales for a strategic OEM partner, by $2 million.

Rincon generated this additional revenue through an innovative revenue split that leveraged the Company’s proprietary systems and extensive industry relationships.

“Our client's mobility sales team was looking to find value in a competitor’s product that they had taken in from one of their customers in an earlier transaction,” says Michael Bartling, Rincon Technology EVP Sales & Purchasing. “Other secondary market companies were offering $1 million for the equipment. However, by leveraging our network of industry relationships and by devising a creative revenue split plan, Rincon Technology was able to sell the equipment on a timeline that fully maximized its value.”

Mr. Bartling went on to say, “This generated $2 million for our partner, which was $1 million more than they could have made through a competitive deal.”

He also added, “Working hard to help our OEM partners achieve success is a guiding principle at Rincon Technology. Adding $1 million to the bottom line is further proof this principle isn’t just something we talk about—it’s something we do with a high level of expertise.”

For more information about Rincon Technology and its successful partnerships, please contact Jason Kelly, President & CEO, at (805) 684-8100.

CARPINTERIA, California—October 15, 2007—Rincon Technology, an innovative leader in the secondary market for high end telecommunications products, announced today it recently helped a leading video on demand OEM land an anchor customer in the MSO space and win a transaction in excess of $10 million.

Rincon Technology was able to facilitate the deal by providing one-stop-shop services for the logistics, project management and remarketing of displaced storage infrastructure. This back-end support enabled the OEM to sell cutting edge 100% flash memory video on demand equipment to its customer.

“Our partner was struggling to close a transaction because their customer had already made a significant investment in their current infrastructure,” says Jason Kelly, Rincon Technology President & CEO. “Rincon structured a deal with our OEM partner where we took their customer’s current technology and resold it on the secondary market. This created the capital to finance the acquisition of our partner’s new technology.”

In addition to developing a targeted marketing plan designed to bleed the material onto the secondary market in a way that maximized its value, Rincon also handled the identification, packaging and physical logistics of moving the older equipment from the OEM’s clients to the open market.

“We served as a total one-stop shop for our OEM partner,” reports Kelly. “We even provided them with extensive web site tools, so they could track the revenue from our sales on a real-time basis.”

Mr. Kelly went on to say, “This deal is just one more example of our secondary market expertise, and the value we place on doing everything we can to achieve success for our OEM partners.”

For more information about Rincon Technology and its relationships with leading OEMs, please contact Jason Kelly, President & CEO, at (805) 684-8100.

CARPINTERIA, California—August 15, 2007–Rincon Technology, an innovative leader in the secondary market for high end telecommunications products, announced today it has added two seasoned professionals, Cleveland Motley and Bill Mason, to its expanding sales force. The move is a major step forward in Rincon’s ongoing commitment to better serve its clients by increasing the experience of its sales team.

“With the addition of these two highly successful and experienced sales professionals, Rincon Technology is now in an even stronger position to meet the needs of our diverse client base,” says Michael Bartling, Rincon Technology EVP of Sales & Purchasing. “Cleveland and Bill bring with them a history of proven results, extensive industry relationships and expertise that will benefit our clients.”

Cleveland Motley held key positions at Somera Communications and Oceana Networks before coming to Rincon. He has deep industry relationships with large telecom carriers and vast secondary telecommunications market expertise. In addition, he has been responsible for leading over $125 million in wireless equipment buy side transactions.

Bill Mason brings more than 20 years experience to Rincon Technology in telecommunications sales and business development. He has been a technical sales leader at Nortel and Ericsson, and he has also led and developed very accomplished sales teams for entrepreneurial companies that were acquired by large corporations.

For more information about Rincon Technology and the new additions to its sales force, please contact Jason Kelly, President & CEO, at (805) 684-8100.