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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) announced its intention to conduct an underwritten public offering of its common stock, with all shares sold by the Company. ThinkEquity serves as the sole book-running manager. The offering's size and timeline are contingent on market conditions, and underwriters may be granted a 45-day option to purchase an additional 15% of shares to cover over-allotments. This will be executed under a previously filed shelf registration statement with the SEC. Interested parties are encouraged to review the prospectus for detailed information.
Save Foods (NASDAQ: SVFD) has initiated seven commercial pilot programs in Peru aimed at enhancing food safety and reducing waste in fruit exports. CEO Dan Sztybel oversaw these initiatives with leading Peruvian exporters like Agricola Cerro Prieto. The pilots will assess the impact of Save Foods' eco-friendly treatments on avocados, berries, and citrus fruits. Peru's fruit export market, valued at over $5.1 billion in 2021, positions the country as a significant player in global agriculture, especially in its exports to the US and EU.
Save Foods (NASDAQ: SVFD) has announced a successful start to the 2022-2023 citrus season in Turkey with Kalyoncu, a major exporter responsible for about 22% of Turkey’s fresh produce exports, placing its first order for eco crop protection treatments. The company anticipates generating approximately $1 million from treating at least 70,000 tons of fruit during this season. Due to stricter EU regulations on pesticide residues, Save Foods aims to help Turkish exporters meet these standards and expand their market presence.
Save Foods, Inc. (NASDAQ: SVFD) has announced a partnership with Korair and Accentis group to introduce its eco-friendly crop protection treatments in Morocco, a significant exporter of fruits and vegetables to the EU. Morocco exports an estimated €1.9 billion annually to the EU, making compliance with stringent pesticide regulations essential. With post-harvest losses between 20 to 40%, Save Foods' non-toxic solutions aim to extend shelf life and enhance food safety, providing Moroccan exporters with a competitive edge in the EU market.
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.
Save Foods (NASDAQ: SVFD) announced a partnership with Galilee Export to use its eco crop protection solution for mangos in the 2022-2023 season. The independent study showed that Save Foods' treatment extends the shelf life of mangos while reducing pesticide use by 75%. With 26% of mangos lost pre-consumption, this solution addresses food waste concerns amid rising pesticide regulations. The global fresh mango export market was valued at approximately $3.7 billion in 2020, making this a significant move for Save Foods as it diversifies its product lines.
Save Foods, an agri-food tech company, announced that its SaveProtect Organic crop treatment has been listed by the Organic Materials Review Institute (OMRI). This listing allows SaveProtect Organic to be used in certified organic production under the USDA guidelines. The treatment addresses challenges in the organic produce market, which is projected to grow to USD $68.50 billion by 2028. Save Foods aims to reduce food waste and ensure food safety, providing eco-friendly solutions that extend the shelf life of fresh produce.
Save Foods (NASDAQ: SVFD) announced a significant advancement in eco crop protection, offering treatments that reduce pesticide use by 75%-100%. This innovation aligns with the rising European regulatory demand for lower pesticide residues, presenting a viable solution for exporters facing strict limits. The company has seen robust interest for pilot programs in key markets like Turkey and Mexico, with a successful conversion of trials into paying customers. Save Foods aims to capitalize on this momentum, anticipating strong sales growth in the latter half of the year.
Save Foods (NASDAQ: SVFD) announced preliminary results from a third-party trial showcasing its eco crop protection treatment, achieving up to 90% reduction of pathogens in cannabis inflorescences. This method addresses significant contamination risks affecting both plant health and consumer safety, potentially reducing economic losses that can reach 20% for cannabis businesses. The legal cannabis market is projected to grow drastically, from $28 billion in 2021 to $198 billion by 2028, creating a substantial opportunity for Save Foods' innovative solutions.
Save Foods (NASDAQ: SVFD), specializing in eco crop protection, announced that CEO Dan Sztybel will be featured on The RedChip Money Report® on Bloomberg TV on April 30 at 7 p.m. ET. The show airs in approximately 73 million US homes and covers small-cap investing insights, including expert interviews and commentary. Save Foods focuses on reducing food waste and enhancing food safety through innovative solutions that extend the shelf life of produce while minimizing hazardous chemicals. View the interview here.
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