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Beyond Oil Ltd. (BEOLF) reports developments tied to its food-tech product for frying operations, which is marketed to reduce health risks associated with fried food, lower operating costs, improve food quality, minimize waste and support more sustainable kitchen practices. Company updates focus on commercial adoption across foodservice, restaurant, supermarket, food retail and food distribution customers, including U.S. rollout activity and approved-vendor relationships.
Recurring news also covers financial results, revenue milestones, gross-margin trends, shareholder-approved share issuances, exchange and OTC trading references, advisory board appointments, shareholder meeting matters, and corporate governance or reporting updates related to its Canadian corporate structure.
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Beyond Oil Ltd. has appointed Arie Halpern as the Chairman of the Advisory Board, effective April 11, 2023. Halpern, a serial entrepreneur with extensive experience in manufacturing, logistics, and finance, aims to leverage his expertise to enhance Beyond Oil's leadership in food technology. He previously transformed a fleet management technology company into a leading player and successfully took it public. In his new role, he believes Beyond Oil's innovative product, which extends the life of frying oil, will significantly impact the food oil industry positively. The product integrates into existing fryer filtration systems, promoting sustainability and reducing costs for food businesses. Beyond Oil is focused on commercializing its patented technology to improve health and environmental outcomes.
Beyond Oil Ltd. announced its application for common shares to be traded on the OTCQB Venture Market in the U.S., while continuing to trade on the CSE under the symbol BOIL. The OTCQB platform is aimed at early-stage companies and offers regulated access to investors who cannot trade on the CSE. Approval from the OTC Markets Group is pending, and the company also plans to apply for DTC eligibility for electronic settlement in the U.S. Beyond Oil specializes in extending the life of frying oil, aiming to reduce costs and waste while enhancing sustainability.