Save Foods Granted Israeli Patent for Its Proprietary Composition for Natural Protection of Edible Matter

Rhea-AI Summary

Save Foods has announced the granting of its seventh global patent for eco-friendly produce treatment products, specifically a natural disinfecting composition aimed at extending the shelf life of fresh fruits and vegetables. This patent, issued by the Israeli Patent Office, is a key part of the company’s strategy to protect its innovative technologies that significantly reduce food waste and enhance safety in the supply chain. The treatments can decrease the need for conventional fungicides by up to 50% and reduce spoilage-related losses by the same percentage.

Positive

• Seventh global patent granted for eco-friendly produce treatment.
• Natural disinfecting composition can reduce the need for conventional fungicides by at least 50%.
• Potential to minimize food spoilage losses by up to 50%.
• Strong market application targeting billions in sales for treated crops.

Negative

• None.

This is the Seventh Patent Granted Globally for the Company’s New Generation of Eco-Friendly Produce Treatment Products

TEL AVIV, Israel, July 14, 2021 (GLOBE NEWSWIRE) -- Save Foods (“Save Foods” or the “Company”) (Nasdaq: SVFD), an agri-food-tech company focused on developing and selling eco-friendly products specifically designed to extend the shelf life and ensure food safety of fresh fruits and vegetables, today announced that its wholly-owned Israeli subsidiary, Save Foods Ltd., was granted a patent by the Israeli Patent Office for its new generation of natural disinfecting composition and method to protect edible matter from decay, which is designed to extend shelf life and reduce waste. This is Save Foods’ fourth issued patent in Israel and seventh globally.

Save Foods’ core applications are eco-friendly post-harvest treatments for fruits and vegetables. Its proprietary technologies reduce the need for conventional post-harvest fungicide by at least 50% - in some cases entirely - and can reduce food loss due to spoilage by up to 50%. Crops currently being treated account for billions of dollars in sales around the world, and include citrus fruit, avocado, pears, mango and bell peppers.

“Israel is a world-leader in agricultural technologies and a major exporter of fresh produce; our natural disinfecting products significantly extend shelf life and reduce waste, substantially expanding growers’ potential market reach,” said Dr. Neta Matis, Save Foods Ltd. Company’s Israeli subsediary VP of R&D, regarding the announcement. “Israel is a key jurisdiction for us to protect our proprietary technologies, and this patent is further validation of our technology and an important step in building an IP portfolio that ensures food safety reduce waste globally.”

About Save Foods
Save Foods is an innovative, dynamic company addressing two of the most significant challenges in the agrifoodtech industry: food waste & 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 citrus, avocado, pears, bell peppers 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, they also ensure a safe, natural, and healthy product. For more information visit our website at https://savefoods.co/, the content of which is not a part of this press release.

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 state, inter alia, that 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. 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 AND INVESTOR RELATIONS CONTACT
Sharon Shemer, IR director | IR@savefoods.co