Save Foods Inc. (NASDAQ: SVFD) Tackling Food Waste Challenge

Rhea-AI Summary

Save Foods Inc. (NASDAQ: SVFD) has launched sales following nine successful pilot trials with five commercial partners, targeting the $2.6 billion post-harvest treatment market. The company offers all-natural products made from a proprietary blend of food acids that effectively reduce bacterial and fungal decay, extending the shelf life of fruits and vegetables without harmful residues. This initiative addresses significant global issues of food waste and safety, contributing to better food quality and environmental sustainability.

Positive

• Transitioning to sales after successful pilot trials indicates market readiness.
• Targets a substantial $2.6 billion post-harvest treatment market.
• All-natural treatments enhance shelf life without harmful residues.

Negative

• None.

NEW YORK, July 01, 2021 (GLOBE NEWSWIRE) -- Save Foods Inc. (NASDAQ: SVFD)  announces the availability of a broadcast titled, “For the Earth’s Sake, Companies Aiming to Reduce Food Waste.”

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Food waste is a social, humanitarian, economic and environment concern. Understand that waste isn’t just what gets thrown away in a kitchen, grocery store or hotel. It also includes product that never leaves the farm or spoils during distribution. Collect those billions of pounds of waste, and there are enough calories to feed every undernourished person on the planet. ...

Against this backdrop, Save Foods Inc. (NASDAQ: SVFD) is moving from nine successful pilot trials with five commercial partners to sales of its products as it looks to capture share in the $2.6 billion post-harvest treatment market. The products are all-natural treatments made from a proprietary blend of food acids that reduce bacterial and fungal decay to dramatically increase shelf life of fruits and vegetables. Furthermore, the treatment leaves no harmful residues on the produce or in the environment while maintaining freshness over time.

About Save Foods Inc.

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. The company is dedicated to delivering integrated solutions for improved safety, freshness and quality every step of the way—from field to fork. Collaborating closely with its customers, Save Foods develops new solutions that benefit the entire supply chain and improve the safety and quality of life of both workers and consumers alike. SVFD’s initial applications are in post-harvest treatments in fruit and vegetable packing house processing, including citrus fruits, avocado, mango, pears, apples and bell pepper. 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 about the company, visit www.SaveFoods.co.

NOTE TO INVESTORS: The latest news and updates relating to SVFD are available in the company’s newsroom at https://ibn.fm/SVFD.

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FAQ

What recent development did Save Foods Inc. (SVFD) announce?

Save Foods Inc. (SVFD) announced the launch of sales following successful pilot trials in the post-harvest treatment market.

How is Save Foods Inc. (SVFD) addressing food waste?

SVFD's products aim to reduce food waste by extending the shelf life of fruits and vegetables through all-natural treatments.

What is the market size for the post-harvest treatment sector that SVFD is targeting?

Save Foods Inc. is targeting a $2.6 billion post-harvest treatment market.