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N2OFF Inc delivers innovative agri-food tech solutions focused on plant-based food safety and sustainable supply chains. This news hub provides investors and industry stakeholders with timely updates on the company’s advancements in food technology, environmental initiatives, and strategic partnerships.
Access official press releases covering earnings reports, operational milestones, and sustainability achievements. Our curated collection ensures transparent tracking of N2OFF’s integrated approach to agricultural innovation, quality assurance, and eco-conscious production practices.
Explore updates on subsidiary developments, regulatory compliance advancements, and collaborations shaping the future of plant-based food systems. Bookmark this page for streamlined access to verified information supporting informed analysis of N2OFF’s market position and industry contributions.
N2OFF (NASDAQ: NITO) has received a 180-day extension from Nasdaq until July 7, 2025, to regain compliance with the minimum $1.00 bid price requirement. The company can meet compliance if its closing bid price stays at or above $1.00 for at least 10 consecutive trading days before the deadline.
The extension was granted based on N2OFF meeting continued listing requirements for market value of publicly held shares and other initial listing criteria, except for the bid price requirement. The company has expressed its intention to cure the deficiency, including the possibility of implementing a reverse stock split if necessary.
The notification does not immediately affect N2OFF's listing status, and its shares continue trading on the Nasdaq Capital Market under the symbol 'NITO'.
N2OFF (NASDAQ: NITO) has signed a binding LOI with Solterra Brand Services Italy (SBSI) to develop two Battery Storage (BESS) systems in Sicily, each with 98MWp/392MWh capacity. The agreement follows positive due diligence results and a non-binding term sheet from November 2024.
The total investment is set at up to €2.35 million, to be paid in milestones, with N2OFF securing approximately 70% ownership in the projects. The development is expected to take 18-24 months to reach Ready-to-Build stage.
The projects have received connection capacity approval from Terna SpA and align with Italy's MACSE scheme, which plans to conduct its first energy storage capacity auctions in the first half of 2025, offering 15-year contracts to support renewable energy transition.
N2OFF (NASDAQ: NITO) announced significant progress in its joint venture solar photovoltaic project with Solterra Renewable Energy in Melz, Germany. The Melz municipal committee approved the submission of the statutory plan for the 111 MWp solar PV facility on December 31st, 2024. This milestone brings the project closer to achieving ready-to-build (RTB) status, expected by the end of 2025.
The project represents N2OFF's first venture into the renewable energy market and is part of a broader joint venture with Solterra aimed at developing renewable energy facilities across Europe. N2OFF continues to provide financial support to Solterra, including a €470,000 loan installment as part of a total €2 million commitment.
N2OFF (NASDAQ: NITO) announced that its subsidiary Save Foods has entered into a strategic non-binding letter of intent (LOI) with GENSIS PM TDC, an Ethiopian Federal Agency, to implement Save Foods' eco-friendly solutions across Ethiopia's large-scale farming sector. The partnership aims to advance sustainable agricultural practices, enhance crop yields, and ensure food safety in Ethiopia.
If finalized into a binding agreement, the Ethiopian government will mandate large-scale farmers and exporters to adopt Save Foods' advanced post-harvest treatments. These treatments are designed to control pathogen contamination, extend fresh produce shelf life, and reduce harmful chemical usage. The company expects the definitive agreement to be executed within a month, potentially yielding dozens of millions of dollars in revenue.
The collaboration also includes plans to establish a local production facility in Ethiopia, ensuring nationwide accessibility of Save Foods' technologies and supporting the transition to sustainable farming practices.
N2OFF (NASDAQ: NITO) has announced strategic initiatives aimed at maximizing shareholder value. The company is considering a spin-off of its cleantech operations into a separate publicly traded company, while maintaining at least 75% ownership in Save Foods Additionally, N2OFF has entered into a non-binding LOI to acquire a drug discovery company with advanced computational capabilities, valued at a minimum of $5 million. The acquisition is expected to be completed through a combination of cash and equity.
Furthermore, N2OFF has secured a €6 million non-recourse credit facility with a 7% annual interest rate. The company plans to repay the loan from profits from pre-approved projects or 33% of proceeds from certain financing transactions. CEO David Palach expressed confidence that these strategic decisions will enhance N2OFF's position in the cleantech and pharmaceutical sectors, delivering long-term value to stockholders.
N2OFF Inc. (NASDAQ: NITO) has announced an update on its Solar PV Joint Venture Project with Solterra Renewable Energy in Meltz, Germany. Following approval for grid connection, Solterra's report indicates a 10% increase in capacity, exceeding initial expectations. This opens up two potential pathways to maximize value:
1. Increasing the project's capacity by up to 10%
2. Incorporating battery storage solutions
The current design requires a 97 MW grid connection for 111 MWp capacity, but the approved connection exceeds this by 10%. N2OFF and Solterra are examining both options to enhance efficiency and profitability. This increased capacity could potentially lead to a higher overall valuation of the project, even if not immediately pursued. CEO David Palach expressed excitement about the additional grid capacity's potential and commitment to maximizing the opportunity.
N2OFF, Inc. (NASDAQ: NITO) and Solterra Renewable Energy have made significant progress on their joint venture solar PV project in Melz, Germany. The companies recently submitted a statutory plan draft (B-PLAN) to the Melz municipality, marking a important step in the municipal approval process. The project has already secured approval for grid connection with a capacity of 97 MW, which exceeds the current design requirement by approximately 10%.
This excess capacity opens up two potential pathways to maximize value: increasing the project's capacity by up to 10% or incorporating battery storage solutions. The current project design aims to deliver an aggregate capacity of 111 MWp. N2OFF's CEO, David Palach, expressed satisfaction with Solterra's progress, highlighting their expertise in regulatory matters, infrastructure development, and partnership establishment.
N2OFF Inc. (NASDAQ: NITO) and Solterra Renewable Energy have announced potential enhancements to their Solar PV Joint Venture Project in Meltz, Germany. Following approval for grid connection, Solterra reported that the allocation is approximately 10% greater than initially anticipated. This excess capacity presents two potential pathways to maximize value:
1. Increasing the project's capacity by up to 10%
2. Incorporating battery storage solutions
The current project design requires a 97 MW grid connection to deliver an aggregate capacity of 111 MWp. Both companies are examining these options to enhance the project's efficiency and profitability. Even without immediate pursuit of these pathways, the increased capacity could potentially lead to a higher overall valuation if the project is sold.
N2OFF, Inc. (NASDAQ: NITO) announced a significant milestone in its joint venture with Solterra Renewable Energy The first solar PV project in Melz, Germany, has secured approval to connect to the regional power grid, demonstrating compliance with safety standards and alignment with project timelines. The project, approved by the municipality, is expected to provide a total capacity of 111 MWp.
Solterra's co-CEO, Eran Litvak, emphasized the importance of securing grid connection in today's environment, while N2OFF's CEO, David Palach, expressed satisfaction with the project's progress. Solterra manages a portfolio of Solar PV projects across Italy, Poland, and Germany, with a total cumulative capacity of approximately 300 megawatts.
N2OFF Inc (NASDAQ: NITO) has entered the EU PV market by investing in a 111 MW solar project in Melz, Germany. This move is part of an agreement with Solterra Renewable Energy to fund up to €8 million in solar PV projects. N2OFF and private investors will loan €2.08 million for the Melz project, which has received municipal approval and an indicative grid connection solution.
The company aims to create a reliable revenue stream by financing carefully selected projects. The global solar PV market is expected to grow from $150 billion in 2022 to over $383.78 billion by 2032, with a CAGR of 9.90%. N2OFF and investors will receive up to 50% of the net earnings from the project, with a 7% annual interest rate on the loan.
