Welcome to our dedicated page for N2OFF news (Ticker: SVFD), a resource for investors and traders seeking the latest updates and insights on N2OFF stock.
N2OFF, Inc. (SVFD), operating as Save Foods, delivers eco-friendly food safety solutions that reduce waste and pathogen risks across the produce supply chain. This page provides investors and industry professionals with essential updates on the company’s advancements in sustainable agriculture technology.
Access real-time announcements about new product developments, strategic partnerships, and operational milestones. Our curated news collection helps stakeholders monitor SVFD’s progress in creating hydrogen peroxide-based treatments that extend produce shelf life without harmful residues.
Key updates include regulatory approvals, technology deployments, and market expansion efforts. Bookmark this page for streamlined access to SVFD’s latest initiatives in preventing foodborne illnesses through innovative sanitization methods.
Save Foods (NASDAQ: SVFD) showcased its eco crop protection treatment at the Fruit Logistica Trade Fair, drawing interest from European packers and distributors. The event highlighted challenges related to pesticide residues in agriculture, prompting requests for new trials. Save Foods received 25 requests for trials, five of which are already underway. The company aims to convert these trials into paying customers, enhancing its growth strategy focused on reducing food waste and ensuring safety across the food supply chain.
Save Foods, Inc. (NASDAQ: SVFD) reported impressive achievements in 2021, transitioning from R&D to a commercial entity after raising $12 million through its IPO. The company experienced a remarkable 89% revenue growth compared to 2020, despite pandemic challenges. Save Foods expanded its product applications beyond citrus to include bell peppers, avocados, and berries, significantly reducing food waste. All pilot programs converted to paying customers, and collaboration with major retailers is underway. The company aims for OMRI certification to tap into the organic market, creating sustainable shareholder value.
Save Foods (NASDAQ: SVFD) will showcase its eco-friendly crop protection solutions at the Fruit Logistica trade fair in Berlin from April 5-7, 2022. The company specializes in reducing food waste and enhancing food safety throughout the supply chain. With over 3,300 exhibitors expected, Save Foods aims to connect with leaders in the fresh produce industry. The CEO emphasizes the importance of sharing innovations to combat food waste. Save Foods is dedicated to providing integrated solutions that improve the safety and quality of fresh produce.
Save Foods (NASDAQ: SVFD) reported impressive pilot results, showing a 60% reduction in pear loss after a two-season trial conducted with Rafkor Ltd. This Israeli packing house now officially uses Save Foods' eco-friendly treatment, which significantly mitigates post-harvest losses in pears, a major issue affecting the fruit industry. The fresh pear market is projected to reach $37.1 billion by 2027, highlighting the growth potential for Save Foods' products. The company aims to address food waste and safety challenges in the agri-tech sector.
Save Foods (NASDAQ: SVFD) partners with Auryon Holdings to introduce its eco-friendly crop protection treatments in Sub-Saharan Africa, starting in South Africa. This collaboration aims to reduce food waste and improve produce quality, benefiting local farmers and meeting international export standards. Currently, Africa loses significant food production annually. Save Foods’ treatment can reduce waste by up to 50%, enhancing sustainability and supporting UN Sustainable Development Goals. This initiative potentially strengthens South Africa's $3.3 billion fresh produce export industry.
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.
Save Foods (NASDAQ: SVFD) announced that Kalyoncu has become a commercial customer, purchasing over $1 million worth of products for the 2022-23 citrus season. Kalyoncu, a top exporter in Turkey, had previously reported successful pesticide residue reduction using Save Foods' eco-friendly treatment. The partnership aims to help Turkish growers comply with stricter EU regulations on pesticide use while reducing food waste. Kalyoncu achieved a 50% reduction in pesticide usage through Save Foods' treatment, which also cut costs and prolonged shelf life.
Save Foods has partnered with Galilee Export, Israel's second-largest fresh produce exporter, to implement eco crop treatment on all its avocados. This eco-friendly solution significantly extends shelf life, keeping avocados fresh up to twice as long as conventional methods. Following successful trials, Galilee aims to apply the treatment to mangos as well. With a growing avocado market projected to reach $17.9 billion by 2025, and Galilee's annual sales exceeding $200 million, this partnership positions Save Foods for increased market influence.
Save Foods (NASDAQ: SVFD) has received NSF Certification for its eco-friendly crop protection products. This certification, from a reputable independent organization, assures quality compliance and safety, confirming the products meet stringent standards.
Dr. Art Dawson, US Business Manager, emphasized the importance of this certification for consumer confidence and product integrity. Save Foods aims to combat food waste and enhance food safety from farm to fork, with products that reduce chemical use and prolong shelf life.
Save Foods (NASDAQ: SVFD) announced that Mehadrin, Israel's largest citrus exporter, has reduced fungicide usage by 50% using its eco-friendly treatment. This aligns with new EU regulations aimed at reducing pesticides in agriculture. Mehadrin, with annual sales of $300 million and over 70% of its produce exported globally, aims to maintain high-quality standards while minimizing waste. Save Foods’ treatment not only complies with regulations but also extends the shelf life of produce, thereby enhancing food safety.
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