Save Foods’ Latest Trial Boosts the Shelf Life of Strawberries

Rhea-AI Summary

Save Foods (NASDAQ: SVFD) announced a successful trial in extending the shelf life of strawberries, achieving an 85% reduction in waste compared to the industry standard. The study revealed that while untreated strawberries experienced an 81% loss by day 15, only 14% were lost using Save Foods' treatments. This innovation addresses the significant problem of food waste, worth approximately $1.4 billion in the U.S. alone for strawberries. Save Foods' eco-friendly treatments not only reduce waste but also enhance food safety for consumers.

Positive

• 85% reduction in strawberry waste compared to industry standard.
• Extended shelf life allows for better transport, sale, and storage.
• Eco-friendly treatments improve food safety for consumers.

Negative

• None.

A study conducted by Save Foods’ R&D department has shown an 85% reduction in waste of fresh strawberries compared to the industry standard

Miami, FL, March 09, 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 reduce food waste and ensure food safety, today announced that a recent trial on strawberries revealed promising results whereby Save Foods’ research and development team managed to dramatically extend the shelf life of strawberries.

Fresh strawberries have one of the highest levels of waste of all fresh produce, with an estimated 64% of strawberries lost before they are ever eaten in the US. This waste occurs at all stages of the supply chain and is valued at approximately $1.4 billion dollars in the US alone.

Strawberries are highly perishable, presenting several challenges for commercial cultivation. They are relatively delicate when handled, they are subject to fruit rot and don't last very long on the shelf. Shelf life is usually up to two weeks after picking, with the rate dropping exponentially every hour they are kept at room temperature.

Currently, packers rely on refrigeration and packaging to keep strawberries fresh for up to two weeks. However, in Save Foods' recent trial, researchers were able to keep five times as many strawberries fresh, compared to the industry standard, by applying Save Foods’ treatments, which translates into 85% less waste.

Extended shelf life offers growers, retailers and consumers a longer window in which to transport, sell, store and consume produce. Save Foods' treatments are non-toxic and easy to apply, and they not only extend shelf life, but provide a high level of food safety that benefits consumers.

Uri Bach, R&D Innovation Manager at Save Foods, commented: "Our research demonstrated an 85% reduction in waste with Save Foods' treament. On day 15, our research team recorded an 81% loss for the control group (industry standard), while the loss was only 14% for strawberries treated with Save Foods’ treatment. Save Foods is committed to prolonging the freshness and shelf life of fresh produce, resulting in less waste and higher profits along the supply chain."

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 produce 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, they also ensure a safe, natural, and healthy product.

For more information visit our website: SAVE FOODS – SAVE FOODS

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 discuss, among other things, the ability of Save Foods’ green treatment to achieve the same, or similar, results on strawberries outside the context of a controlled trial, and the probability that Save Foods’ green treatment will dramatically extend the shelf life of strawberries. 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 Contact:

Mia Serra, CMO
IR@savefoods.co

US Investor Relations:

Dave Gentry
RedChip Companies Inc.
1-800-RED-CHIP (733-2447)
Or 407-491-4498
SVFD@redchip.com

FAQ

What is the recent study about Save Foods (SVFD) regarding strawberries?

Save Foods conducted a study that showed an 85% reduction in strawberry waste compared to the industry standard.

How much financial waste does strawberry loss represent in the U.S.?

The loss of strawberries in the U.S. is valued at approximately $1.4 billion.

What are the benefits of Save Foods' treatments for strawberries?

Save Foods' treatments extend the shelf life of strawberries, reduce waste by 85%, and enhance food safety.

What percentage of strawberries are typically lost before consumption?

An estimated 64% of strawberries are lost before consumption in the U.S.

What was the loss percentage for untreated strawberries after 15 days?

Untreated strawberries experienced an 81% loss after 15 days.