Miami, FL — Save Foods (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, announced results of an independent study that shows Save Foods’ treatment can extend the shelf life and freshness of mangos while virtually eliminating the use of post-harvest pesticides.
Approximately 26% of mangos are lost between harvest and consumption. Pesticides are commonly applied in the post-harvest stage in order to reduce the loss of produce to decay. Growing concerns about the toxicity of chemical pesticides as well as increasingly stringent regulations regarding their use, especially in Europe, appear to indicate why there is an increase in the adoption of Save Foods’ eco crop protection treatments. With the recent organic recognition of one of Save Foods’ products, consumers can enjoy long-lasting pesticide-free mangos.
Itay Noked, agronomist and independent researcher (M.Sc. Post-Harvest), commented: “Save Foods’ treatments can be easily applied to fresh produce to prolong storage and reduce post-harvest loss. In the study I have independently performed, after 21 days in storage and 15 days on the shelf, twice as many mangos were still edible, while 75% less pesticides were used. These impressive results are significant for producers, packers, distributors, and retailers, as well as for consumers.”
Dror Eigerman, CEO of Galilee Export and a member of Save Foods’ advisory board, commented: “We are already using Save Foods’ treatment on all of our avocados and bell peppers. The excellent results of the latest study convinced us to expand our application of Save Foods’ treatments and to use the treatment on our mangos in the upcoming 2022-2023 season.”
Mr. Dan Sztybel, CEO of Save Foods Ltd., the Company’s Israeli subsidiary, commented: “Adding mangos to our commercial crop portfolio is an important milestone that will reduce seasonal revenue fluctuations as we move toward ramping sales in the second half of 2022.”
Mangos are one of the most popular fruits in the world, and in 2020, global fresh mango exports were valued at approximately $3.7 billion.
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 workers and consumers alike. Our initial applications are in post-harvest treatments in fruit and vegetable packing houses that process produce including citrus, avocado, pears, mangos and bell peppers.
By controlling and preventing pathogen contamination and significantly reducing the use of hazardous chemicals and their residues, Save Foods’ treatments not only prolong the shelf life of fresh produce, but also reduce food waste and loss, while ensuring 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, the likelihood that the study results discussed in the press release will accelerate commercial adoption of our treatments vis-à-vis mangos, and that our treatment can significantly extend the shelf life and freshness of mangos while virtually eliminating the use of post-harvest pesticides. In addition, we cannot guarantee that the results of the study on mangos discussed in the press release could be replicated in a subsequent study or in commercial use. 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.
