Save Foods and Citrus Tree Treat Over 20 Tons of Fruit in the Brazilian Market
14 March 2024 - 11:52PM
Save Foods, Inc. (NASDAQ: SVFD) (FSE:80W) (“Save Foods” or the
“Company”), a leading Agri-Food Tech company providing sustainable
solutions for agriculture and plant-based food, today announced its
collaboration with Citrus Tree, a major producer and exporter of
Tahiti limes in Brazil, under which over 20 tons of Tahiti limes
have already been treated. The collaboration with Citrus Tree aims
to demonstrate the efficacy of Save Foods’ solutions in mitigating
undesirable pathogens and reducing hazardous pesticide residues on
the fruit, ultimately extending its shelf life and reducing waste.
"We are pleased to kick off our operations in
Brazil by collaborating with a leading producer in the market. This
partnership reflects our commitment to providing eco crop
protection solutions while allowing our customers to maintain high
quality of fruit that is exported to Europe and sold locally in
Brazil. Our goal in the collaboration is to assist Citrus Tree with
extending the shelf life of produce and ensuring that consumers
receive fresh, safe and sustainable products," said Dan Sztybel,
CEO of Save Foods Ltd.
According to Fresh Plaza, Brazil's fruit exports
surged by 6% in 2023, reaching a total of 1.06 million tons and
generating revenue in excess of $1.2 billion - a substantial 26.73%
increase from the previous year.
About Save Foods:
Save Foods, Inc. is an innovative agri-food tech
company that through its three operational arms delivers integrated
solutions for improved safety, quality, and sustainability every
step of the way from field to fork. Save Foods Ltd., Save Foods'
majority-owned Israeli subsidiary, focuses on post-harvest
treatments in fruit and vegetables to control and prevent pathogen
contamination, significantly reduce the use of hazardous chemicals,
and prolong fresh produce’s shelf life. NTWO OFF Ltd., Save Foods'
majority-owned Israeli subsidiary, contributes to tackling
greenhouse gas emissions, offering a pioneering solution to
mitigate N2O (nitrous oxide) emissions, a potent greenhouse gas
with 265 times the global warming impact of carbon dioxide. NTWO
OFF Ltd., aims to promote agricultural practices that are both
environmentally friendly and economically viable. Plantify Foods,
Inc., Save Foods' minority-owned Canadian subsidiary listed on the
TSXV, offers a wide range of clean-label healthy food options that
are nutritious, gluten free, non-allergenic, use whole natural
ingredients, and are easy to prepare. For more information on Save
Foods Ltd. and NTWO OFF Ltd. visit our website:
https://savefoods.co/.
Forward-looking Statements:
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. Words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates” and similar
expressions or variations of such words are intended to identify
forward-looking statements. Because such statements deal with
future events and are based on our current expectations, they are
subject to various risks and uncertainties, Actual results,
performance or achievements could differ materially from those
described in or implied by the statements in this press release.
The forward-looking statements contained or implied in this press
release are subject to other risks and uncertainties, including
market conditions as well as those discussed under the heading
“Risk Factors” in Save Foods' prospectus filed with the SEC on
February 7, 2024, and in any subsequent filings with the SEC.
Except as otherwise required by law, we undertake no obligation to
publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events. References and
links to websites have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release. We are not responsible for the
contents of third-party websites.
Investor Relations Contacts:
Michal Efraty+972-(0)52-3044404michal@efraty.com
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