Save Foods to Grow its Commercial Program in Turkey, Adding “Özler Tarim” A Large Turkish Packing house

Rhea-AI Summary

Save Foods (NASDAQ: SVFD) has announced a significant collaboration with Özler Tarim, a leading Turkish packing house. A large-scale pilot program will commence this week, focusing on the efficacy of Save Foods' eco-friendly products aimed at reducing hazardous pesticide residues on citrus fruits, aligning with the EU's Farm To Fork initiative. Özler Tarim, which has a daily capacity of 300 tons, exports to over 35 countries, particularly in Europe. The CEO highlighted the strong demand for solutions that minimize pesticide use and emphasized Turkey's vast opportunities in fruit and vegetable exports, constituting over 42% of its production to EU markets.

Positive

• Partnership with Özler Tarim enhances market presence and credibility in Turkey.
• Pilot program aligns with EU regulations, potentially increasing product demand.
• High export capacity of Özler Tarim (300 tons daily) opens international market opportunities.

Negative

• None.

The large-scale pilot program is designed to verify treated produce will comply with the EU’s strict produce regulations

TEL AVIV, Israel, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Save Foods (Nasdaq: SVFD) (“Save Foods” or the “Company”), 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 Özler Tarim, a leading Turkish packing house, is joining Save Foods’ commercial program. For the first step in the commercial program, the packing house will launch a large commercial scale pilot to ensure the product’s seamless implementation and efficacy.

The commercial trial, which is scheduled to begin this week, is designed to verify that the Company’s products mitigate undesirable pathogens, and most importantly, reduce the presence of hazardous pesticide residues on citrus fruit, as required by the EU’s recently established “Farm To Fork Green Deal Initiative”. Özler Tarim, with a 300-ton daily capacity, ships its fruits to more than 35 counties globally, with a large focus on Europe.

Dan Sztybel, the Chief Executive Officer of Save Foods Ltd., the Company’s Israeli Subsidiary, commented on the announcement, “Since we started our activities in Turkey, the demand for green and efficient product reducing pesticides residues has been strong and packers have been very receptive to our unique offering. In fact, we are currently in discussion with additional packing houses to join the program. Turkey represents a tremendous opportunity for Save Foods since it is one of the world’s largest producers of fruit and vegetables exporting more than 42% of its production to EU countries.” “We believe the operational and economic benefits of our seamless plug and play solution offer a strong value proposition to the region, concluded Mr. Sztybel.”

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 & loss and food safety. Save Foods 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 the workers and the consumers alike. Save Foods’ 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, but they also ensure a safe, green, and healthy product.

For more information visit our website at https://savefoods.co/

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 the pilot program with a large Turkish packing house, including the timing and design of the trial, verifying that the Company’s products mitigate undesirable pathogens and reduce the presence of hazardous pesticide residues on citrus fruit, as required by the EU’s recently established “Farm To Fork Green Deal Initiative”, the growing demand for the Company’s products and discussions with additional packing houses to join the program. 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:
Dariela Farcas
IR@savefoods.co

FAQ

What is Save Foods' recent announcement regarding Özler Tarim?

Save Foods announced a collaboration with Özler Tarim to launch a large-scale pilot program aimed at verifying the efficacy of its eco-friendly products in reducing pesticide residues on citrus fruits.

How does Save Foods' pilot program comply with EU regulations?

The pilot program aims to ensure that Save Foods' products meet the EU's Farm To Fork initiative by verifying their effectiveness in reducing hazardous pesticide residues.

What is the daily shipping capacity of Özler Tarim?

Özler Tarim has a daily shipping capacity of 300 tons and exports its fruits to over 35 countries, focusing on the EU market.

How significant is Turkey for Save Foods' market expansion?

Turkey represents a significant opportunity for Save Foods due to its position as one of the largest producers of fruits and vegetables, exporting over 42% of its production to EU countries.

What are the expected benefits of Save Foods' products?

Save Foods' products are designed to extend the shelf life of fresh produce, enhance food safety, and reduce food waste and loss.