Neve Yarak, Israel — Save Foods, Inc. (NASDAQ: SVFD) (FSE:80W) (“Save Foods” or the “Company”), an agri-food tech company specializing in eco crop protection that helps to reduce food waste and ensure food safety while reducing the use of pesticides, today announced the completion of several successful pilot programs with lime packers in Mexico, the world’s second-largest exporter of limes.
SiCar Farms Mexico Ltd. (“SiCar Mexico”), one of the leading Mexican lime packers, began using Save Foods’ eco crop protection treatment in all of its facilities during the third quarter of 2021 following a successful pilot program earlier in the year. SiCar Mexico’s success using Save Foods’ treatment was a key driver in other packers initiating pilot programs with the Company. One of the packers reported that its Save Foods’ treated limes maintained their green color, signaling freshness and retained quality, 33 days following the application of the treatment, which is longer than expected with commercial applications.
As previously announced, a SiCar Mexico’s client, a large well-known US retailer, reported that limes treated with Save Foods’ eco crop protection treatment had prolonged shelf life for more than five days compared to other limes. This extended shelf life enables food producers, processors, and retailers to minimize waste, maximize supply chain efficiencies, and enable a broader distribution network, all in a cost-effective manner.
“Mexico, is one of the world’s key lime exporters, and reports indicate that it is set to increase production of limes this year. Save Foods is positioned to help improve the quality of these limes,” commented Antonio Ruiz Garcia, Save Foods’ local representative in Mexico, who is also the former Undersecretary of Rural Development in Mexico. Mr. Garcia continued, “Save Foods’ ability to tackle food waste challenges while reducing the use of pesticides at the beginning of the supply chain drives strong interest from packers. With several successful pilots with lime packers now complete, we anticipate accelerating sales growth and expanded interest in new commercial pilot programs from other packers in the region.”
“Limes treated with Save Foods eco crop protection treatment maintained their freshness over time, which, in turn, gives the supply chain additional breathing room,” commented Dan Sztybel, CEO of Save Foods’ Israeli subsidiary. “Using our solution, packers get improved deliveries and extended marketability, and retailers get more time to sell top quality products with up to 90% fewer limes ending up in landfills. And, of course, consumers can enjoy high quality limes that last longer at no extra cost.”
Mexico is the world’s second-largest exporter of limes, with almost 18% of the world sales value. According to the Ministry of Agriculture and Rural Development (Sader), Mexico’s citrus exports increased in 2021, reaching a total value of over US $912 million and producing more than 2.9 million tons of lime.
About Save Foods:
Save Foods is an innovative, dynamic company addressing two of the most significant challenges in the agri-food tech industry: food waste and loss and food safety. We are dedicated to delivering integrated solutions for improved safety, freshness and quality, every step of the way from field to fork. Collaborating closely with our customers, we develop new solutions that benefit the entire supply chain and improve the safety and quality of life of both the workers and the consumers alike. Our initial applications are in post-harvest treatments in fruit and vegetable packing houses processing produce including citrus, avocado, pears, apples and mangos.
By controlling and preventing pathogen contamination and significantly reducing the use of hazardous chemicals and their residues, Save Foods treatment not only prolong fresh produce shelf life and reduce food loss and waste, but they also ensure a safe, natural, and healthy product.
For more information visit our website: SAVE FOODS – SAVE FOODS
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. For example, we are using forward-looking statements in this press release when we discuss, among other things, building momentum with Mexican lime exporters, driving new interest from additional packers, driving strong interest from packers, and accelerating sales growth and expanded interest in new commercial pilot programs from other packers in the region. 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 and the satisfaction of all conditions to, and the closing of, the offering, as well as those discussed under the heading “Risk Factors” in Save Foods’ annual report on Form 10-K filed with the SEC on March 29, 2021, 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.
