Growing Interest for Save Foods’ Innovative Eco-Treatments Among European Retailers and Distributors

Rhea-AI Summary

Save Foods (NASDAQ: SVFD) is experiencing increased interest from EU retailers in its innovative eco-treatment for fresh produce. The CEO of Galilee Export, a major Israeli exporter, reported that the treatment enhances produce quality and extends freshness without added costs. With the EU's growing shift towards stricter pesticide regulations, Save Foods is well-positioned to meet demand. The European market accounts for 44% of global fresh produce trade, presenting significant growth potential for Save Foods in the near term as more distributors pursue partnerships.

Positive

• Growing demand for Save Foods' eco-treatment among EU retailers.
• Enhanced produce quality and extended shelf life reported by clients after using the treatment.
• No added costs or workflow disruptions associated with the eco-treatment.

Negative

• None.

The CEO of Galilee Export, the second largest Israeli exporter of fresh fruits and vegetables sees increased demand from EU retailers due to the combination of new EU regulations requiring reduced pesticide residues as well as Save Food's innovative eco-treatment's ability to prolong shelf life of fresh fruit.

Neve Yarak, IL, Sept. 20, 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 while reducing the use of pesticides, today announced growing interest among European retailers and distributors in Save Foods innovative eco-treatment.

Dror Eigerman, CEO of Galilee Export and member of Save Foods’ Advisory Board said “After implementing Save Food's innovative eco-treatment across several produce lines - including avocados, bell peppers, and mangos - several of our EU-based clients informed me that they have noticed higher quality produce with extended freshness. I believe as more retailers and distributors learn of Save Foods’ innovative treatment and its many potential benefits, we will face growing demand to use the treatments.” Mr. Eigerman went on saying: “Based on my discussions with the EU-based clients, Galilee Export looks forward to increasing our sales in the EU. Save Foods’ innovative eco-treatment provides a great combination of no added cost, no workflow disruption and, most importantly meets strict EU regulations regarding pesticides.”

As regulators and retailers across Europe move toward a "zero-tolerance" policy regarding pesticide residue limits, a growing number of European retailers and distributors are pursuing pilots with Save Foods to fight waste of fresh produce all along the food supply chain.

“Europe accounts for more than €60 billion (approximately $60 billion), or 44%, of the global trade value of fresh fruit and vegetables, and includes five of the 10 largest importing countries in the world. The feedback that we have received from distributors and retailers is extremely encouraging,” commented Dan Sztybel, CEO of Save Foods Ltd. “As large food suppliers continue to recognize the potential for Save Food's game changing treatments, we expect to see strong demand in the near and mid-terms”.

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, the Company is using forward-looking statements when it discusses the potential of its products, increased interest in its products, and that Galilee Export will look to increase sales to the EU countries. 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 31, 2022, Form 10-Q filed with the SEC on May 16, 2022 and August 15, 2022, 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: 
Dean Fetro
RedChip Companies Inc. 
1-800-RED-CHIP (733-2447) 
Or 407-571-0912 
SVFD@redchip.com

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

FAQ

What is the significance of the recent press release for Save Foods (SVFD)?

The press release highlights increased demand for Save Foods' innovative eco-treatment from EU retailers amid rising pesticide regulations, indicating potential sales growth.

How does Save Foods' eco-treatment impact fresh produce quality?

The eco-treatment reportedly prolongs the freshness of produce while enhancing its quality, as noted by clients using the treatment.

What market does Save Foods (SVFD) aim to grow within Europe?

Save Foods aims to increase its market presence in Europe, which accounts for 44% of the global trade value of fresh fruits and vegetables.

What are the potential benefits of Save Foods' treatment for EU retailers?

The treatment provides benefits such as compliance with strict EU regulations, improved produce quality, and cost-effectiveness without causing disruptions.