Save Foods Receives Organic Recognition for its Eco Crop Protection Treatment

Rhea-AI Summary

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.

Positive

• SaveProtect Organic is now OMRI listed, allowing its use in certified organic production.
• The organic produce market is expected to grow significantly, reaching USD $68.50 billion by 2028.
• Save Foods' solutions address critical issues like food waste and safety.

Negative

• None.

Listing by Organic Materials Review Institute enables the Company’s SaveProtect Organic^® to be used in certified organic production and processing

Miami, FL, June 09, 2022 (GLOBE NEWSWIRE) -- Save Foods, Inc. (NASDAQ: SVFD) (FSE:80W) (“Save Foods” or the “Company”), an agri-food tech company specializing in eco crop protection that helps to reduce food waste and ensure food safety, today announced that its SaveProtect Organic^® crop treatment for extending the shelf-life of fresh fruits and vegetables has been listed by the Organic Materials Review Institute (“OMRI”), an international non-profit organization that provides an independent review of products that are intended for use in certified organic production and processing. OMRI Listed^® products may be used in certified organic production and processing under the USDA National Organic Program.

“The organic fruits and vegetables industry has a very difficult task contending with short shelf life and limited available solutions, with high waste and transportation issues resulting in higher costs,” commented Dan Sztybel, CEO of Save Foods' Israeli subsidiary. “With OMRI listing, Save Foods is now better positioned to deliver significant value to the organic market by providing efficient and affordable solutions to address these challenges.”

The organic fruits and vegetables market is the largest and the fastest growing segment of the global organic food market and expected to reach USD $68.50 billion by 2028. Organic foods have gained popularity in part because of their health benefits. The health consequences related to non-organic produce have been proven with around 385 million people currently falling ill from pesticide poisoning each year.

To address risks related to pesticide use, the EU Commission has launched the “Field to Fork” initiative, a program which aims to drastically reduce the use of pesticides in the food supply chain. Similar initiatives are underway in the US, with the Biden administration issuing regulatory changes for the pesticide industry.

Extended shelf life offers growers, retailers and consumers a longer window in which to transport, sell, store and consume produce. Save Foods’ solutions 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.

Save Foods is committed to supporting the transition toward more sustainable agriculture, answering the growing consumer need for organic and residue-free food, while protecting the environment. As an OMRI Listed^® product, SaveProtect Organic^® can be used as an inert ingredient in combination with permitted active pesticidal ingredients in compliance with the USDA National Organic Program.

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 treatment not only prolong fresh produce shelf life and reduce food loss and waste, but 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 implications of an OMRI listing on our ability to deliver significant value to the organic market by providing efficient and affordable solutions to address these challenges. 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 Contact:
IR@savefoods.co

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

German Investor Relations:
Dr Eva Reuter
e.reuter@dr-reuter.eu