N2OFF, Inc. Stock Price, News & Analysis

Save Foods (NASDAQ: SVFD) has received approval from Peru’s Ministry of Agricultural Development and Irrigation to sell its eco crop protection products in Peru. This is significant as Peru ranks among the world’s top ten fruit exporters, with fresh fruit and vegetable exports reaching $3.8 billion in 2020. Save Foods aims to reduce food waste by up to 50% at the retail level, addressing decay and contamination in produce. The company’s treatment is particularly beneficial for Peruvian exporters who face challenges in maintaining freshness during long shipping times to European markets.

Save Foods (NASDAQ: SVFD) announces the successful trial of its eco crop protection treatment, showing an 80% reduction in waste for fresh raspberries. Conducted at Trabelsi farm, the treatment extended shelf life to 13 days, significantly improving product appearance and freshness. The fresh berry market, valued at $826 billion, is projected to grow at a 6.8% CAGR to reach $1,205 billion by 2026. Save Foods aims to leverage this innovation to reduce food waste and enhance safety in the industry.

Save Foods (NASDAQ: SVFD) has announced that Galilee Export will switch to using its eco-friendly treatment for all bell peppers, effective immediately, with avocados to follow. This decision comes after successful trials and positions Save Foods to enhance its market presence, especially in regions with strict pesticide regulations. Galilee Export, Israel's second-largest fruit and vegetable exporter, boasts annual sales exceeding $200 million. The move aims to reduce food waste and improve product quality, fulfilling a critical need in the fresh produce industry.

Save Foods (NASDAQ: SVFD) announced the appointment of Mia Serra as the new Chief Marketing Officer for its Israeli subsidiary. With over 15 years of marketing experience, Serra will oversee brand strategy and communications, enhancing Save Foods’ global distribution efforts. CEO David Palach praised her skills, which are crucial for scaling operations. Notably, Save Foods aims to combat food waste and improve produce shelf life, addressing a significant challenge in the fresh produce sector. The company’s eco-friendly products promise substantial reductions in food spoilage and chemical use.

Save Foods (NASDAQ: SVFD) has entered a distribution agreement with BRLEV AGRICULTURAL CROPS LTD to provide eco-friendly crop protection solutions for the cannabis industry. This partnership aims to tackle the $3 billion issue of microbial contamination affecting cannabis crops, which can lead to significant losses. Save Foods’ treatment, approved by the California Department of Pesticide Regulation, offers a natural alternative to pesticides, addressing the growing need for sustainable solutions in the rapidly expanding cannabis market, projected to surpass $100 billion by 2030.

Save Foods (NASDAQ: SVFD) has launched a commercial program with Agrinet S.A. in Mexico, targeting three packing house companies that export fruits and vegetables. This initiative will initially focus on citrus, avocado, bell peppers, and tomatoes. Mexico is a significant global supplier of avocados, contributing about 30% of production. Save Foods' solutions aim to reduce bacterial contamination and extend shelf life, potentially decreasing retail decay by at least 50%. The company emphasizes its role in reducing food waste, which costs around $680 billion annually in industrialized nations.

Save Foods (NASDAQ: SVFD) announces its first commercial sales of treatment for Medjool dates in Israel's Arava region, following successful sales of bell pepper treatments. The company's treatment aims to extend shelf life and enhance safety for fresh produce, addressing growing global demand for Medjool dates, which has risen significantly over the past two decades. Israel produces about 40,000 tons of Medjool dates annually, with half exported, contributing nearly $300 million to the economy. The partnership with Galilee Export is projected to expand into new crops and markets.

Save Foods (Nasdaq: SVFD) has announced its first commercial sales of PeroSTAR™ to two bell pepper packing houses in Israel's Arava region, which produces 60% of Israel's fresh vegetable exports. The packing houses will use PeroSTAR™ to enhance the quality and shelf life of their produce without harmful residues. This development follows recent regulatory approval from the California Department of Pesticide Regulation for bell peppers, a crop valued at $479 million, with California being a major contributor. Save Foods aims to reduce food waste while ensuring food safety.

Save Foods (NASDAQ: SVFD) has announced the expansion of its pilot program with HERA Meyve ve Sebze in Turkey to include bell peppers. This initiative follows a successful citrus pilot and aims to ensure compliance with EU regulations on pesticide residues. Turkey, a significant producer of bell peppers, faces challenges due to high pesticide alerts. CEO Dan Sztybel emphasized the growing demand for eco-friendly products and the opportunity for Save Foods to support packers in meeting these standards. The program is expected to enhance food safety and reduce waste.