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N2OFF, Inc. (SVFD) is a forward-thinking company committed to providing integrated solutions designed to reduce food waste while enhancing the safety, freshness, and quality of food from the farm to the table. Recognizing the challenges posed by foodborne illnesses from pathogens like E. coli, salmonella, and listeria, N2OFF has developed a range of eco-friendly products that are highly effective against both human and plant pathogens.
One of the core technologies employed by N2OFF utilizes hydrogen peroxide combined with a proprietary blend of food-grade acids. This innovative approach leaves no toxic residues on treated produce, forming a temporary protective shield that prevents pathogen development and reduces cross-contamination. Ultimately, this extends the shelf life of both fresh and processed produce, ensuring safer food consumption and minimized waste.
N2OFF’s commitment to sustainability and environmental responsibility is evident in their development of 'green' solutions. Their products not only enhance food safety but also align with global efforts to reduce chemical residues in the food supply chain.
Recently, N2OFF has made significant strides in expanding its market reach and establishing partnerships with key stakeholders in the food industry. These collaborations have facilitated the broader adoption of their solutions, reinforcing their role as a pivotal player in the fight against foodborne illnesses and food spoilage.
Financially, N2OFF has shown resilience and growth potential, backed by strategic investments and a robust R&D pipeline focused on innovation. The company continues to attract attention from investors and industry experts alike, poised for further advancements and market penetration.
Stay informed with the latest updates and developments from N2OFF, Inc. as they continue to revolutionize food safety and waste reduction methodologies.
Save Foods (Nasdaq: SVFD) has entered a securities exchange agreement with Plantify Foods, involving the exchange of common shares representing 19.99% of each company's capital stock. Effective upon closing, both companies will appoint one director from the other. Additionally, Save Foods will receive a CA$1,500,000 convertible debenture from Plantify, convertible into common shares at a price of CA$0.05 in the first year and CA$0.10 thereafter. This agreement aims to enhance collaboration in the Food Tech industry, leveraging each company's strengths to expand market reach and improve distribution channels.
Save Foods (NASDAQ: SVFD) has initiated the Northern Hemisphere citrus season for 2022-2023, expecting to treat approximately 400,000 tons of citrus across five new packing houses in Turkey, Egypt, Mexico, the US, and Israel. The company aims to expand its customer base and enhance supply chain efficiencies with its eco-friendly crop protection solutions, which significantly reduce food waste and pesticide use. CEO Dan Sztybel highlighted the opportunity for year-round operation through Southern Hemisphere expansion later in 2023, with plans to extend treatments to avocado, mango, bell peppers, and berries.
Save Foods, Inc. (NASDAQ:SVFD) will be featured in an interview on The RedChip Money Report this Saturday, November 12, at 7 p.m. ET on Bloomberg TV, which reaches approximately 73 million homes in the U.S. CEO Dan Sztybel will cover the company's innovative strategies for reducing food waste and enhancing food safety. Save Foods specializes in eco-friendly crop protection solutions to minimize pesticide use while extending the shelf life of produce. The interview highlights international market opportunities and the company's successful pilot programs.
Save Foods (NASDAQ: SVFD) hosted a delegation of 100 senior executives from major food and agriculture companies, including PepsiCo, at its R&D center in Neve Yarak, Israel. The delegation, organized by the Israel Export Institute, explored innovative technologies to streamline produce production, focusing on extending shelf life and reducing pesticide use. Save Foods’ CEO highlighted the potential for pilot trials and commercial opportunities with LATAM exporters who are crucial to the global food supply. The company’s eco-friendly solutions aim to minimize food waste and enhance food safety.
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.
Save Foods (NASDAQ: SVFD) announced the successful completion of pilot programs for its eco crop protection treatment in Mexico, leading to new commercial adoption by lime packers in Veracruz. The treatment has shown to extend lime shelf life by over five days, potentially increasing revenues for retailers by $185 per ton. As the second-largest exporter of limes globally, Mexico's citrus exports reached over $912 million in 2021. The company's solutions aim to reduce food waste and ensure safety throughout the supply chain.
Save Foods (Nasdaq: SVFD) has announced a significant transformation from R&D to commercialization, achieving increased demand for its eco-friendly crop protection products. The company is now operating over 60 pilot programs globally across various produce categories, including avocados and blueberries. Save Foods aims to capitalize on tightening pesticide regulations, particularly in the EU, which enhances interest in its treatments. Additionally, the firm has expanded its operations with new offices in key exporting nations and plans to introduce innovative pre-harvest treatments to enhance market opportunities.
Save Foods has received a Notice of Allowance from the USPTO for a patent related to its food preservation technology, which utilizes a blend of food acids to prevent decay. This will boost the company’s intellectual property portfolio to ten granted patents, enhancing its competitive edge in the agri-food tech sector. The company is focused on reducing food waste and pesticide use, aiming for continued product innovation to drive revenue growth. With nine issued patents and additional pending applications, Save Foods is positioned for global expansion.
Save Foods, Inc. (Nasdaq: SVFD) has successfully closed a public offering, selling 1,600,000 shares of common stock at $3.00 per share, totaling gross proceeds of $4.8 million. The underwriters have a 45-day option to purchase an additional 240,000 shares. The company plans to utilize the funds for working capital and general corporate needs. ThinkEquity acted as the sole book-running manager for this transaction, which is part of an effective shelf registration statement filed with the SEC.
Save Foods, Inc. (Nasdaq: SVFD) announced a public offering of 1,600,000 shares of Common Stock priced at $3.00 per share, expecting to raise $4.8 million in gross proceeds. The offering is anticipated to close on August 18, 2022, pending customary closing conditions. Additionally, underwriters have an option to purchase up to 240,000 more shares for overallotments. The offering is registered under a Form S-3 shelf registration statement.
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