Israel’s Largest Fresh Produce Exporter, Mehadrin, to Use Save Foods’ Treatments

Rhea-AI Summary

Save Foods (NASDAQ: SVFD) announced that Mehadrin, Israel's largest citrus exporter, has reduced fungicide usage by 50% using its eco-friendly treatment. This aligns with new EU regulations aimed at reducing pesticides in agriculture. Mehadrin, with annual sales of $300 million and over 70% of its produce exported globally, aims to maintain high-quality standards while minimizing waste. Save Foods’ treatment not only complies with regulations but also extends the shelf life of produce, thereby enhancing food safety.

Positive

• Mehadrin reduced fungicide usage by 50% using Save Foods' treatment.
• The partnership aligns with EU regulations to limit pesticide use.
• Mehadrin is a major player with $300 million in annual sales, ensuring substantial market influence.
• Save Foods’ non-toxic treatment enhances produce shelf life and food safety.

Negative

• None.

Mehadrin, the Leading Global Supplier of World-Renowned JAFFA Brand Oranges, achieved a 50% reduction in fungicides by using Save Foods’ treatment

Miami, FL, Feb. 07, 2022 (GLOBE NEWSWIRE) -- Save Foods (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 that Mehadrin Tnuport Export L.P. (“Mehadrin”) has started using Save Foods’ green treatment in their citrus packing houses. This is in line with their goal to export high-quality produce using as few fungicides as possible (in line with new European guidelines) and to continue to drive down produce waste for their retail customers.

With over 5,000 hectares of agricultural holdings, Mehadrin is Israel's largest grower and exporter of citrus, and other fruits and vegetables, and a trusted distributor for major retailers in Europe, North America and Asia. The company is also the leading global supplier of world-renowned JAFFA brand oranges. The company has annual sales of approximately $300 million with over 70% of their produce exported globally.

The EU Commision’s new Farm to Fork strategy is an initiative that aims to significantly reduce the use of pesticides and shift the farming industry to 25% organic farming by 2030. As a result, the shipping of fresh produce is becoming more and more challenging, especially over long distances where more fungicides are usually needed to keep the produce fresh with minimum waste.

Save Foods’ products are non-toxic and eco-friendly and have been found to allow a significant reduction in fungicides during the post-harvest stage. The advantage of Save Foods’ treatment is that it reduces, and in some cases even eliminates, fungicides residues on the produce while maintaining freshness over extended periods.

Mehadrin’s COO, Mr. Iftach Nahari, added “Mehadrin, as a respectable and experienced export company, works hard to ensure that we export the best products while complying with the strictest regulations and our customers’ requests. The world is moving towards low residue of pesticides and fungicides, while aiming to maintain a high quality product and freshness of fruit with the least amount of waste. I believe our partnership with ‘Save Foods’ will help us continue to offer top-of-the-line produce all around the world, while fulfilling the new requirements.”

Dan Sztybel, Chief Executive Officer of Save Foods Ltd., the Company’s subsidiary, commented "We are proud that a company of Mehadrin’s caliber has entrusted Save Foods to treat citrus fruit in their packing houses. I am convinced that Save Foods’ treatments will assist Mehadrin in maintaining its position as an industry leader. I am confident that our partnership geared towards treating citrus fruit will lead to further opportunities to treat other fresh produce grown and packed by Mehadrin.”

About Mehadrin

With over 5,000 hectares of agricultural holdings, Mehadrin is Israel’s largest grower and exporter of citrus, and other fresh produce. The company has annual sales of approximately $300 million with over 70% of the produce exported globally. Current destinations include US, Canada, Europe, and Japan. Mehadrin is a leading global supplier of the world-renowned JAFFA brand.

For more information visit our website at http://www.mehadrin.co.il/

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, 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 products not only prolong fresh produce shelf life and reduce food loss and waste, but also ensure a safe, natural, and healthy product.

For more information visit our website at https://savefoods.co/

Forward-looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties may include, without limitation, the ability of Save Foods’ treatments to assist Mehadrin in maintaining its position as an industry leader, that our partnership with Mehadrin will lead to further opportunities to treat other fresh produce grown and packed by Mehadrin, as well as risks and uncertainties associated with our proprietary blend of organic food acids may reduce the need for conventional post-harvest fungicide by at least 50% and in some cases entirely and may reduce food waste due to spoilage by up to 50% and when we discuss the continuing demand for a safe, high quality, sustainable food supply. More detailed information about the Company and the risk factors that may affect the realization of forward looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Media Contact:

Mia Serra, CMO
IR@savefoods.co

FAQ

What recent achievement did Save Foods announce regarding Mehadrin?

Save Foods announced that Mehadrin has achieved a 50% reduction in fungicides by using Save Foods’ eco-friendly treatment.

How is Save Foods' partnership with Mehadrin related to EU regulations?

The partnership supports Mehadrin's compliance with new EU regulations aimed at reducing pesticide usage in agriculture.

What is the significance of Mehadrin's annual sales?

Mehadrin has approximately $300 million in annual sales, with over 70% of its produce exported, indicating strong market presence.

How does Save Foods' treatment benefit produce quality?

Save Foods' treatment reduces fungicide residues while maintaining freshness, thus improving food safety and quality.