Welcome to our dedicated page for N2OFF news (Ticker: NITO), a resource for investors and traders seeking the latest updates and insights on N2OFF stock.
N2OFF, Inc. (NASDAQ: NITO) generates news across several distinct areas, reflecting its profile as a clean tech and cleantech company with activities in renewable energy, agri-tech, and biotechnology. Company announcements describe N2OFF as mainly engaged in EU-based solar assets using a Ready to Build (RTB) business model, while also owning MitoCareX Bio Ltd., a drug discovery company targeting cancer therapeutics through the mitochondrial SLC25 protein family, and controlling a majority stake in Save Foods Ltd., an Israeli post-harvest treatment company focused on pathogen contamination in fruits and vegetables.
News updates frequently cover renewable energy milestones, including progress on solar photovoltaic and battery energy storage projects in European Union countries through partnerships with Solterra Renewable Energy Ltd. These releases highlight permitting developments, funding arrangements, and changes in project economics for flagship projects in markets such as Germany and Italy.
Another stream of coverage focuses on biotech and precision oncology activity at MitoCareX. N2OFF reports on scientific advances related to mitochondrial SLC25 transport proteins, the use of the MITOLINE™ algorithm for 3D protein modeling and virtual screening, and progress toward identifying hit compounds and potential preclinical candidates for hard-to-treat cancers.
Investors following NITO news will also see corporate and capital markets updates, such as the completion of the MitoCareX acquisition, reverse stock split implementation, Nasdaq minimum bid price compliance, and agreements involving the planned transfer of N2OFF’s majority stake in Save Foods to Voice Assist, Inc. Together, these categories of news provide insight into how N2OFF manages its multi-segment portfolio across clean energy, agri-tech, and biotech drug discovery.
N2OFF (NASDAQ: NITO) announced a significant advancement in reducing nitrous oxide (N₂O) emissions with its innovative bacterial technology. Originally applied to wheat, this technology has now been successfully expanded to corn cultivation. The U.S. produced 389.7 million metric tons of corn in 2023-2024, representing about one-third of global production. The technology achieved a 40-50% reduction in N₂O emissions in controlled environments. CEO David Palach emphasized the technology's potential to address environmental challenges and promote sustainable agriculture. N₂O is a potent greenhouse gas with a global warming potential 310 times greater than CO₂. Reducing agricultural N₂O emissions is important for meeting global climate goals.
N2OFF, a leading agri-food tech company, announced that its subsidiary Save Foods received its first purchase order from a Peruvian customer, a major avocado grower, packer, and distributor.
This marks Save Foods' entry into the rapidly growing Peruvian agricultural export market, which expanded from $645 million in 2000 to an estimated $10.5 billion in 2023.
Save Foods’ eco-friendly solutions help control pathogen contamination and extend the shelf life of fresh produce while minimizing hazardous chemicals.
The purchase order follows the successful implementation of Save Foods’ products in January 2024, highlighting the significant potential for their solutions in the Latin American market.
N2OFF (NASDAQ: NITO), a leader in agri-food tech, has secured a patent approval in South Africa for its innovative sterilization compositions and methods. This patent aims to control pathogen loads on edible plant matter, reinforcing the company's dedication to global food safety and sustainability. South Africa, the world's second-largest citrus exporter, exported $1.85 billion in citrus in 2022, highlighting the significance of this achievement. CEO David Palach emphasizes that this patent is a important step in reducing food waste and ensuring food safety worldwide, expanding N2OFF's global influence.
NTWO OFF, Inc. (NASDAQ: NITO) achieved a significant milestone by reducing nitrous oxide (N2O) emissions in wheat crops by up to 54%, surpassing a previous study's reduction of 44%. The successful transition from growth chambers to open greenhouse environments showcased a 22% improvement. The company's proprietary bacteria technology proved effective in mitigating N2O emissions, highlighting its commitment to sustainable agriculture amidst climate change challenges.
N2OFF, Inc. (NASDAQ: NITO) aims to target California's hemp market through its subsidiary Save Foods The company received Pre-Harvest Regulatory Approval in California for its treatment process, allowing it to address the largest US hemp flower market. Save Foods' eco crop protection solution showed significant disease reduction in cannabis plants, important for ensuring product safety and quality.
NTWO OFF , a subsidiary of N2OFF Inc. (NASDAQ: NITO), has achieved a significant milestone in reducing nitrous oxide (N2O) emissions from wheat crops. By transitioning from growth chambers to open greenhouse environments, the company successfully reduced N2O emissions by up to 54%, surpassing previous study methods. The proprietary technology of using naturally occurring bacteria species isolated from wheat roots has proven effective in mitigating N2O emissions. This breakthrough signifies a leap forward in sustainable agriculture solutions and environmental stewardship.
N2OFF, Inc. (NASDAQ: NITO) announced that its subsidiary, Save Foods , received its first purchase order from a Peruvian customer, a major avocado grower, packer, and distributor. Save Foods offers eco-friendly solutions for fresh produce to control pathogens, extend shelf life, and reduce chemical usage. The CEO highlighted the success of previous pilots and the potential in the Latin American market.
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