Global Exporter of Blueberries Completes Successful Pilot Using Save Foods’ Proprietary Eco Crop Protection Solution

Rhea-AI Summary

Save Foods (NASDAQ: SVFD) has reported successful pilot results for its eco crop protection solution with a South African blueberry exporter. The treatment effectively mitigated mold and extended the blueberries' shelf life by one week, leading to an 8% increase in fruit availability for sale and significantly reducing food waste. The global berry market is projected to reach approximately US $1.2 trillion by 2026, signaling substantial growth opportunities for Save Foods' technology, which is currently being tested in over a dozen active pilots in South Africa.

Positive

• Successful pilot results demonstrated a complete mitigation of mold after seven weeks.
• Extended blueberries' shelf life by an additional week, leading to an 8% increase in fruit availability for sale.
• Significant reduction in food waste and enhanced food safety through eco crop protection treatment.

Negative

• None.

The South African exporter is now planning to integrate Save Foods’ treatment into its global supply chain for blueberries

Miami, FL, July 06, 2022 (GLOBE NEWSWIRE) -- Save Foods, Inc. (NASDAQ: SVFD) (FSE:80W) (“Save Foods” or the “Company”), an agri-food tech company specializing in eco crop protection that helps to reduce food waste and ensure food safety, today announced successful pilot results for a global exporter of blueberries based in South Africa. The exporter trialed Save Foods’ eco crop protection solution during the 2021-2022 growing season, successfully demonstrating the complete mitigation of mold after seven weeks (at 0 degrees Celsius) and the extension of the blueberries’ shelf life by an additional week (at 6-8 degrees Celsius). The results translate into an 8% increase in fruit to sell with less waste to process.

“We are excited to help this critical and expansive market to extend shelf-life, effectively increasing sales and combatting food waste in the process,” commented Dan Sztybel, CEO of Save Foods' Israeli subsidiary. “We observed that Save Foods’ eco crop protection treatment consistently preserves the quality of berry varieties, in different geographic regions, and with different growers. We believe this represents confirmation of the effectiveness that our standalone solution provides.”

In 2020, the global berry and grape market was estimated at US $826 billion and is expected to grow at a CAGR of 6.8% from 2022 to 2027, reaching approximately US $1.2 trillion by 2026.

“There is an increasing interest in Save Foods’ technology in South Africa, with more than a dozen active pilots currently underway,” commented Ziv Ben-Ami, Managing Partner of Auryon Holdings and the representative of Save Foods in South Africa. “This successful pilot with blueberries, and the further integration of Save Foods’ treatment in the global food supply chain, continues to strengthen the long-term potential while opening up more and more opportunities and new connections.”

South Africa is among the world’s largest producers of fresh fruit and approximately 90% of the country’s fruit is exported to the international market.

One of the most significant challenges of importing and exporting produce is ensuring its quality by the time it reaches its destination. This challenge is even greater in exporting countries such as South Africa, as the main consumer markets for its produce are distant, requiring fruits to maintain integrity and quality for prolonged periods.

The extended shelf life provided by Save Foods’ eco crop protection treatment offers growers, retailers and consumers a longer window in which to transport, sell, store and consume produce. Save Foods’ treatments are non-toxic and easy to apply, and they not only extend shelf life, but provide a high level of food safety that benefits consumers.

About Save Foods:

Save Foods is an innovative, dynamic company addressing two of the most significant challenges in the agri-food tech industry: food waste and loss and food safety. We are dedicated to delivering integrated solutions for improved safety, freshness and quality, every step of the way from field to fork. Collaborating closely with our customers, we develop new solutions that benefit the entire supply chain and improve the safety and quality of life of both the workers and the consumers alike. Our initial applications are in post-harvest treatments in fruit and vegetable packing houses processing produce including citrus, avocado, pears, apples and mangos.

By controlling and preventing pathogen contamination and significantly reducing the use of hazardous chemicals and their residues, Save Foods treatment not only prolong fresh produce shelf life and reduce food loss and waste, but they also ensure a safe, natural, and healthy product.

For more information visit our website: SAVE FOODS – SAVE FOODS

Forward-looking Statements:

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, we are using forward-looking statements in this press release when we discuss, among other things, the likelihood that the trial results discussed in the press release will translate into identical results when used outside the context of a trial, our ability to tap into the global market discussed in this press release, and that our treatment can significantly extend the shelf life of blueberries while virtually eliminating the use of post-harvest pesticides. Because such statements deal with future events and are based on our current expectations, they are subject to various risks and uncertainties. Actual results, performance or achievements could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including market conditions and the satisfaction of all conditions to, and the closing of, the offering, as well as those discussed under the heading “Risk Factors” in Save Foods’ annual report on Form 10-K filed with the SEC on March 29, 2021, and in any subsequent filings with the SEC. Except as otherwise required by law, we undertake no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. We are not responsible for the contents of third-party websites.

Media Contact:

IR@savefoods.co

US Investor Relations: 
Dave Gentry 
RedChip Companies Inc. 
1-800-RED-CHIP (733-2447) 
Or 407-491-4498 
SVFD@redchip.com

German Investor Relations:
Dr Eva Reuter
e.reuter@dr-reuter.eu

FAQ

What are the pilot results announced by Save Foods on July 6, 2022?

Save Foods announced successful pilot results for its eco crop protection solution, demonstrating mold mitigation and a one-week shelf life extension for blueberries.

How does Save Foods' technology impact the blueberry supply chain?

The technology reduces food waste and extends shelf life, resulting in an 8% increase in fruit available for sale.

What are the projections for the global berry market?

The global berry market is expected to grow to approximately US $1.2 trillion by 2026.

How many active pilots are currently using Save Foods' technology in South Africa?

More than a dozen active pilots are currently underway in South Africa using Save Foods' technology.

What is the significance of Save Foods' treatment for exporters?

The treatment offers exporters a longer window to transport and sell produce, enhancing quality and safety.