Save Foods Inc. (NASDAQ: SVFD) has been featured in an editorial by NetworkNewsWire, spotlighting its role in combating food waste. The editorial emphasizes the significant issue of food waste in the U.S., with approximately 133 billion pounds wasted annually. Save Foods is focused on enhancing food longevity through innovative, natural solutions that aim to reduce food loss and improve safety in the agri-food sector. The company collaborates closely with its partners to provide effective post-harvest treatments that ensure a safer, healthier food supply.
Save Foods, Inc. (Nasdaq: SVFD), an agri-food-tech company, will participate in a webinar on June 30, 2021, at 8 a.m. EDT. The event, titled "Solution for Avocado," is organized by the Israel Export Institute and the Economic Mission to South Africa. The webinar aims to discuss tech developments in the avocado sector and showcase Save Foods' eco-friendly technology aimed at reducing spoilage and ensuring food safety. The company's solutions can potentially cut retail fruit rot by 50% and promote sustainable avocado production in South Africa.
Save Foods (Nasdaq: SVFD) announces that SiCar Farms Ltd. will use its SavePROTECT™ treatment in all packing houses to supply longer-lasting limes, reducing waste. SiCar, headquartered in Mexico, distributes over 220,000 tons of produce across North America and Europe. Using SavePROTECT has led to a reported 50% reduction in rotten limes and a five-day shelf life increase reported by a major U.S. retailer. This partnership is expected to enhance sustainability, reduce waste, and increase revenues, catering to the growing demand for quality produce.
Save Foods (Nasdaq: SVFD) has successfully closed its public offering of 1,090,909 shares at $11.00 each, generating approximately $12 million in gross proceeds. The company has granted underwriters a 45-day option for an additional 163,636 shares to cover over-allotments. The funds will be allocated for research and development, purchasing lab equipment, gaining regulatory approvals, and enhancing sales and marketing capabilities. This offering follows an effective registration statement filed with the SEC.