N2OFF Overview
N2OFF has developed a line of eco-friendly sanitizing solutions for fresh produce. Its products provide effectiveness against human pathogens such as salmonella, E. coli, and listeria as well as plant pathogens, and help to extend the shelf life of produce. N2OFF uses hydrogen peroxide together with food ingredients, and the active ingredients in its products do not leave any hazardous residue on treated produce. Its solutions also reduce the need for additional post-harvest applications of conventional chemical bactericides and fungicides. The company's products are designed for post-harvest use in packing citrus, avocados, papayas, mangoes, potatoes, and sweet potatoes for the food industry, including for fresh-cut produce, fresh salads, and processed foods. Additional applications include use in greenhouses.
Cumulative Funding Raised Over Time ($)
$4.0MJan 2014
Latest News
growth-positive
N2OFF Completed Merger with Cancer Drug Discovery Company Targeting Tough-to-Treat Pancreatic and Lung Cancers
N2OFF Inc., a cleantech company, has completed a merger with MitoCareX Bio Ltd., a biotech firm specializing in cancer therapeutics. The merger, finalized on October 20, 2025, involved N2OFF acquiring MitoCareX, making it a wholly-owned subsidiary. The acquisition was executed through a combination of cash and stock, with N2OFF purchasing shares from SciSparc Ltd and other sellers. The agreement includes financial commitments from N2OFF to support MitoCareXs operations for two years. This merger is expected to enhance N2OFFs portfolio by integrating MitoCareXs innovative cancer treatment technologies, potentially boosting growth in the biotech sector.
Acquired-byAcquisition
growth-positive
N2OFF Announces Closing of Merger with Drug Discovery Company Targeting Resistant Cancers Including Pancreatic and Non-Small Cell Lung Cancer
N2OFF Inc., a cleantech company investing in solar energy assets, has completed a merger with MitoCareX Bio Ltd., a biotech company focused on cancer therapeutics. The merger, closed on October 20, 2025, involved N2OFF acquiring MitoCareX and making it a wholly-owned subsidiary. The acquisition was made by purchasing ordinary shares from SciSparc Ltd and other sellers, in exchange for N2OFF common stock representing 40% of its fully diluted capital stock. The agreement includes financial support for MitoCareXs operations for two years and milestone-based stock issuances. This strategic move is expected to enhance N2OFFs growth by expanding into the biotech sector, particularly in cancer therapeutics.
Acquired-byAcquisition
growth-negative
SciSparc Announces Closing of the Sale to N2OFF of Majority-Owned Subsidiary MitoCareX, Advancing Drug Discovery for Resistant Cancers Including Pancreatic and Non-Small Cell Lung Cancer
SciSparc Ltd, a clinical-stage pharmaceutical company, announced the sale of its majority-owned subsidiary, MitoCareX Bio Ltd, to N2OFF, Inc. MitoCareX focuses on developing therapies for hard-to-treat cancers using its proprietary algorithm, MITOLINE™, for identifying anti-cancer small molecule therapeutics. The transaction, which closed on October 20, 2025, involved N2OFF purchasing shares of MitoCareX for $700,000 and exchanging remaining shares for N2OFFs common stock. As a result, MitoCareX became a wholly owned subsidiary of N2OFF. The sellers, including SciSparc, are entitled to milestone-based issuances of N2OFFs common stock and a share of N2OFFs financing proceeds for five years.
Acquired-by
growth-positive
N2OFF Regains Compliance with Nasdaq Minimum Bid Price Requirement
N2OFF Inc., a cleantech company focused on solar energy assets, announced it has regained compliance with Nasdaqs minimum bid price requirement. The company had previously fallen below the $1.00 bid price for over 30 consecutive days but has now maintained a bid price of $1.00 or greater for 10 consecutive days. N2OFF is the lead investor in four solar projects across three EU countries, introduced by Solterra Renewable Energy Ltd., a subsidiary of Solterra Energy Ltd. The company also controls Save Foods Ltd., which focuses on post-harvest treatments for fruits and vegetables. This development is seen as a positive step for N2OFF, enhancing its market position and investor confidence.
Partners
growth-negative
SciSparc: N2OFF Shareholders Approve Merger with SciSparc’s Majority Owned Subsidiary MitoCareX, a Drug Discovery Company Targeting Resistant Cancers Including Pancreatic and Non-Small Cell Lung Cancer
SciSparc Ltd, a clinical-stage pharmaceutical company, announced that its majority-owned subsidiary, MitoCareX Bio Ltd, will be acquired by N2OFF, Inc. The acquisition was approved by N2OFFs stockholders on September 25, 2025. MitoCareX focuses on developing therapies for hard-to-treat cancers using advanced drug discovery techniques. Under the agreement, N2OFF will purchase shares of MitoCareX for $700,000 and exchange remaining shares for N2OFFs common stock, making MitoCareX a wholly owned subsidiary. The Sellers, including SciSparc, will receive a portion of N2OFFs financing proceeds and milestone-based stock issuances. This acquisition marks a significant change for SciSparc as it divests its interest in MitoCareX.
Acquired-by
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $18.08M |
| Last funding | $12M |
| Stage | Public |
| Rounds | 3 |
| Investors | 0 |
Team Members
2
Employees: 1-10
Web & Social Links
| Website | savefoods.co |
Locations
Shtiebel St 8, Tel Aviv-Yafo, Israel
Photos & Videos
1 item(s)
N2OFF Business
Business models
B2B
Product stage
Released
Employees
1-10
Sector
Agriculture & Food TechnologiesAg TechFarm Equipment & TreatmentTarget Customer
Agriculture & FoodCropsCore Technology
Materials & SubstancesRaw MaterialsTags (12)
agtechpostharveststorageshelf-lifeagriculturecropswaste-techmonitoringfood-safetyfoodtechfood-and-beveragefood-industryGeographic Markets
United StatesIsraelGlobalN2OFF Financials
$18.08M
Total funding
Undisclosed
Capital raised
$12M
Last funding
Public
Funding stage
3
Total rounds
0
Investors
Cumulative Funding Raised Over Time ($)
$4.0MJan 2014
Private Equity Funding
Undisclosed Round
Jan 2014
$4M
Public Offering / Exit
POEvent
May 2021
Undisclosed
POEvent
May 2010
Undisclosed
Mergers & Acquisitions
MNAEvent
Mar 2025
Undisclosed
N2OFF Lifecycle
Cumulative Funding Raised Over Time
$4.0MJan 2014
All Events
Undisclosed Round
Jan 2014
$4M
POEvent
May 2021
Undisclosed
POEvent
May 2010
Undisclosed
MNAEvent
Mar 2025
Undisclosed
N2OFF News
84 articles
growth-positive
N2OFF Completed Merger with Cancer Drug Discovery Company Targeting Tough-to-Treat Pancreatic and Lung Cancers
N2OFF Inc., a cleantech company, has completed a merger with MitoCareX Bio Ltd., a biotech firm specializing in cancer therapeutics. The merger, finalized on October 20, 2025, involved N2OFF acquiring MitoCareX, making it a wholly-owned subsidiary. The acquisition was executed through a combination of cash and stock, with N2OFF purchasing shares from SciSparc Ltd and other sellers. The agreement includes financial commitments from N2OFF to support MitoCareXs operations for two years. This merger is expected to enhance N2OFFs portfolio by integrating MitoCareXs innovative cancer treatment technologies, potentially boosting growth in the biotech sector.
Acquired-byAcquisition
growth-positive
N2OFF Announces Closing of Merger with Drug Discovery Company Targeting Resistant Cancers Including Pancreatic and Non-Small Cell Lung Cancer
N2OFF Inc., a cleantech company investing in solar energy assets, has completed a merger with MitoCareX Bio Ltd., a biotech company focused on cancer therapeutics. The merger, closed on October 20, 2025, involved N2OFF acquiring MitoCareX and making it a wholly-owned subsidiary. The acquisition was made by purchasing ordinary shares from SciSparc Ltd and other sellers, in exchange for N2OFF common stock representing 40% of its fully diluted capital stock. The agreement includes financial support for MitoCareXs operations for two years and milestone-based stock issuances. This strategic move is expected to enhance N2OFFs growth by expanding into the biotech sector, particularly in cancer therapeutics.
Acquired-byAcquisition
growth-negative
SciSparc Announces Closing of the Sale to N2OFF of Majority-Owned Subsidiary MitoCareX, Advancing Drug Discovery for Resistant Cancers Including Pancreatic and Non-Small Cell Lung Cancer
SciSparc Ltd, a clinical-stage pharmaceutical company, announced the sale of its majority-owned subsidiary, MitoCareX Bio Ltd, to N2OFF, Inc. MitoCareX focuses on developing therapies for hard-to-treat cancers using its proprietary algorithm, MITOLINE™, for identifying anti-cancer small molecule therapeutics. The transaction, which closed on October 20, 2025, involved N2OFF purchasing shares of MitoCareX for $700,000 and exchanging remaining shares for N2OFFs common stock. As a result, MitoCareX became a wholly owned subsidiary of N2OFF. The sellers, including SciSparc, are entitled to milestone-based issuances of N2OFFs common stock and a share of N2OFFs financing proceeds for five years.
Acquired-by
growth-positive
N2OFF Regains Compliance with Nasdaq Minimum Bid Price Requirement
N2OFF Inc., a cleantech company focused on solar energy assets, announced it has regained compliance with Nasdaqs minimum bid price requirement. The company had previously fallen below the $1.00 bid price for over 30 consecutive days but has now maintained a bid price of $1.00 or greater for 10 consecutive days. N2OFF is the lead investor in four solar projects across three EU countries, introduced by Solterra Renewable Energy Ltd., a subsidiary of Solterra Energy Ltd. The company also controls Save Foods Ltd., which focuses on post-harvest treatments for fruits and vegetables. This development is seen as a positive step for N2OFF, enhancing its market position and investor confidence.
Partners
growth-negative
SciSparc: N2OFF Shareholders Approve Merger with SciSparc’s Majority Owned Subsidiary MitoCareX, a Drug Discovery Company Targeting Resistant Cancers Including Pancreatic and Non-Small Cell Lung Cancer
SciSparc Ltd, a clinical-stage pharmaceutical company, announced that its majority-owned subsidiary, MitoCareX Bio Ltd, will be acquired by N2OFF, Inc. The acquisition was approved by N2OFFs stockholders on September 25, 2025. MitoCareX focuses on developing therapies for hard-to-treat cancers using advanced drug discovery techniques. Under the agreement, N2OFF will purchase shares of MitoCareX for $700,000 and exchange remaining shares for N2OFFs common stock, making MitoCareX a wholly owned subsidiary. The Sellers, including SciSparc, will receive a portion of N2OFFs financing proceeds and milestone-based stock issuances. This acquisition marks a significant change for SciSparc as it divests its interest in MitoCareX.
Acquired-by
growth-positive
N2OFF Stockholders Approve Merger with Drug Discovery Company Targeting Resistant Cancers Including Pancreatic and Non-Small Cell Lung Cancer
N2OFF Inc., a cleantech company focused on solar energy, announced the acquisition of MitoCareX Bio Ltd., a biotech firm specializing in cancer therapeutics. The acquisition was approved by N2OFFs stockholders on September 25, 2025. MitoCareX focuses on drug discovery targeting the mitochondrial SLC25 protein family to treat hard-to-treat cancers. N2OFF will acquire full ownership from SciSparc Ltd and other sellers for $700,000 and exchange shares, making MitoCareX a wholly owned subsidiary. The agreement includes a financial commitment to support MitoCareXs operations with an initial $1,000,000 investment. The transaction is expected to close by October 2025.
AcquisitionInvestment
growth-positive
N2OFF Announces Reverse Stock Split
N2OFF Inc., a clean tech company, announced a one-for-thirty-five reverse stock split of its common stock, effective September 22, 2025, to comply with Nasdaq listing requirements and attract institutional investors. The reverse split aims to increase the per share price and bid price of the companys stock. As a result, every 35 shares of common stock will be converted into one share, reducing the number of outstanding shares from approximately 33 million to 953 thousand. The companys stock will continue trading on the Nasdaq under the symbol NITO. The reverse split is intended to strengthen the investor base by making the stock more attractive.
Public Trading
growth-positive
N2OFF Provides Business Update on Successful Execution of Solar and Energy Storage Initiatives Across Europe
N2OFF Inc., a cleantech company focused on solar energy, has made significant progress in its renewable energy projects in Germany, Italy, and Poland. Through a strategic partnership with Solterra Renewable Energy Ltd., N2OFF is advancing its solar and energy storage initiatives. The Melz Solar PV Project in Germany has achieved a critical milestone with municipal approval and is nearing ready-to-build status. In Italy, N2OFF holds a majority stake in two Battery Energy Storage Systems projects, which have secured connection capacity approval and are in the development phase. N2OFF has also committed €600,000 in debt financing for the Melz project, highlighting its strategic investments in renewable energy.
PartnersInvestment
growth-positive
N2OFF to Expand its Melz Solar Project with Battery Storage
N2OFF Inc., a cleantech company, announced its decision to extend additional debt financing to Solterra Renewable Energy Ltd. for integrating a large-scale battery energy storage system (BESS) into its 115 MWp solar photovoltaic project in Melz, Germany. The project aims to optimize electricity sales and provide additional grid services. On September 8, 2025, N2OFF and other lenders provided €600,000 in funding to Solterra. The integration of the BESS is expected to significantly enhance project revenues, with potential incremental revenues of €100–120 per MW annually. This initiative represents a significant value enhancement for the Melz project, aiming to create a long-term, cash-generating asset with stable, diversified revenues.
InvestmentPartners
growth-positive
N2OFF Completes $1.2 million of its $2.7 million Total Commitment to Finance 196MWp Battery Energy Storage Assets in Italy
N2OFF Inc., a cleantech company, announced the completion of a $2.7 million investment to support the development of two Battery Energy Storage Systems (BESS) in Sicily, Italy. These projects, each with a capacity of 98MWp/392MWh, are designed to enhance grid stability and are valued at up to $13.5 million. The projects have secured preliminary grid connection approvals and aim to achieve Ready-to-Build status within 18-24 months. N2OFF is investing in solar energy assets and aims to capitalize on Italys growing solar market, supported by government incentives. The company is also involved in the Agrifood tech market through its subsidiary, Save Foods Ltd.
InvestmentProduct StagePartners
growth-positive
N2OFF is Increasing its Investment in Melz Project to Explore Additional 40-60 MW Battery Storage
N2OFF Inc., a clean tech company, announced plans to increase investment in a 111 MWp solar photovoltaic project in Melz, Germany, by integrating a 40–60 MWp battery energy storage system (BESS). This move aims to enhance the projects capacity for storing and delivering clean energy, ensuring grid stability. The Melz project, part of a joint venture with Solterra Renewable Energy Ltd., received municipal approval to advance to a ready-to-build status by early 2026. The collaboration includes developing additional BESS projects in Europe. The battery storage integration will enable the facility to store excess solar energy and release it during high-demand periods, maximizing profitability and efficiency.
InvestmentPartners
growth-positive
N2OFF Energy Targets European’s Energy Crises with Fourth Regional Battery Project
N2OFF Inc., a clean tech company, is expanding its presence in the Polish renewable energy market by participating in financing a Battery Energy Storage System (BESS) project. The project, planned at 35MW/140MWh, is a significant step for Solterras energy storage solutions in the region. N2OFF, along with other lenders, will finance an initial payment under a grid connection agreement, with plans to increase capacity to over 100MW/400MWh. The financing is structured to be repaid upon the projects sale within 30 months, with N2OFF entitled to 15% of the net profits. This move aligns with N2OFFs focus on sustainable energy solutions and greenhouse gas emissions reduction.
InvestmentPartners
growth-positive
N2OFF via Solterra Expands European Footprint with Entry into Fourth Project – a Battery Storage Venture in Poland
N2OFF Inc., a clean tech company, is participating in the financing of a 35MW/140MWh Battery Energy Storage System (BESS) project in Poland, marking Solterras entry into the Polish renewable energy market. This project is a significant step in expanding Solterra’s large-scale energy storage solutions in the region. N2OFF is one of four parties providing financing under a structured agreement, with the funds expected to be repaid upon the sale of the project within 30 months. N2OFF will receive 15% of the net profit from the transaction. This aligns with N2OFFs strategy to expand into high-potential renewable energy projects.
InvestmentPartners
growth-positive
N2OFF Announces Potential to Maximize Investment Opportunity Following New Regulation in Germany
N2OFF Inc., a clean tech company, plans to invest an additional €25,000 in Solterra Renewable Energy Ltd. to develop a new Battery Energy Storage System (BESS) project in Melz, Germany. This follows a new German regulation that allows expanded use of grid infrastructure. The project, in partnership with Solterra, aims to co-locate a BESS facility with a 111 MWp solar power plant, enhancing grid efficiency and renewable energy utilization. The initiative is part of a broader collaboration between N2OFF and Solterra to accelerate renewable energy projects across Europe, including two large-scale battery storage systems in Sicily, Italy, and solar PV projects in Albania.
PartnersAcquisitionInvestment
growth-negative
N2OFF Full Year 2024 Earnings: US$0.89 loss per share (vs US$5.43 loss in FY 2023)
The article discusses the financial performance of N2OFF, highlighting a net loss of US$5.19 million, which is an improvement from the previous fiscal year. The loss per share has also improved from US$5.43 to US$0.89. Despite these improvements, N2OFF shares have declined by 14% over the past week. The article also mentions that there are risks associated with the company, as identified by Simply Wall St. The analysis provided is based on historical data and analyst forecasts, and it is not intended as financial advice.
growth-positive
N2OFF Signs Non-Binding LOI for Potential 380MW Battery Energy Storage Projects
N2OFF Inc., a clean tech company, has signed a non-binding letter of intent with SB Impact 4 Srl and Solterra Brand Services Italy Srl to invest in and develop up to four utility-scale Battery Energy Storage System projects in Puglia, Italy, with a potential capacity of 380 MW. This agreement builds on an existing partnership and involves a joint venture with Solterra Renewable Energy Ltd. N2OFF has committed to investing €4.4 million in projects in Germany and Italy, aiming to enhance grid stability and support sustainable energy infrastructure. The projects are at various stages of development, with some having secured grid connections.
PartnersInvestment
growth-positive
N2OFF Secures Definitive Agreement to Commercialize 196 MWp Battery Storage Projects
N2OFF Inc., a clean tech company, has announced a definitive agreement with Solterra Renewable Energy Ltd.s subsidiary, Solterra Brand Services Italy, to acquire two Battery Storage systems in Sicily, Italy. The acquisition involves a total investment of up to €2.3 million, with N2OFF holding a 70% ownership stake in the projects. This collaboration is part of a joint venture focusing on solar and energy storage initiatives, aiming to advance renewable energy adoption and address the increasing demand for energy storage solutions. The projects have received approval for connection capacity from Terna SpA and are expected to reach a Ready-to-Build stage in 18-24 months. This move solidifies N2OFFs entry into the European energy storage market.
AcquisitionPartners
growth-positive
N2OFF Establishes a US Subsidiary for Its Solar PV Operations
N2OFF Inc., a clean tech company, has established a new subsidiary, NITO Renewable Energy, Inc., to focus on solar operations. The company is involved in several projects, including a 111 MWp solar photovoltaic project in Germany and two Battery Energy Storage Systems in Italy. The German project has secured municipal approval and grid connection, while the Italian projects are in the development phase. N2OFF is also collaborating with Solterra Energy Ltd. to develop the Solar PV market in Albania. The company aims to provide sustainable energy solutions and reduce greenhouse gas emissions through its various initiatives.
PartnersProduct Stage
growth-positive
N2OFF Signs Definitive Agreement to Acquire Next-Gen Computational Drug Discovery Company, Targeting Hard To Treat Cancers
N2OFF Inc., a clean tech company, announced its acquisition of MitoCareX Bio Ltd., a biotech firm specializing in cancer therapeutics. The acquisition involves purchasing shares from SciSparc Ltd and exchanging shares with other sellers, resulting in MitoCareX becoming a wholly owned subsidiary of N2OFF. The agreement includes a financial commitment from N2OFF to support MitoCareXs operations, with an initial investment of $1 million. The acquisition aims to leverage MitoCareXs expertise in drug discovery targeting the mitochondrial SLC25 protein family to develop novel cancer therapies. The transaction is subject to stockholder approval and includes milestone-based stock issuances for the sellers.
AcquisitionInvestment
growth-positive
N2OFF and Solterra Announce the Closing of a Definitive Agreement to Develop 196 MWp Battery Storage Projects in Italy
N2OFF Inc., a clean tech company, has announced a definitive agreement with Solterra Renewable Energy Ltd’s subsidiary, Soltera Brand Services Italy, to invest up to €2.3 million in two Battery Storage systems in Sicily, Italy. This investment is part of a broader joint venture focusing on solar and energy storage initiatives. N2OFF will hold a 70% ownership in the projects, marking its entry into the European energy storage market. The projects have received approval for connection capacity and are expected to reach a Ready-to-Build stage within 18-24 months. This collaboration aims to advance renewable energy adoption and address the increasing demand for energy storage solutions to enhance grid flexibility.
PartnersInvestment
growth-positive
N2OFF, Solterra enter binding term sheet for PV development in Albania
N2OFF (NITO) has entered into a binding term sheet with Solterra Energy to collaborate on renewable energy projects in Albania, focusing on solar energy and battery storage. This exclusive partnership will last for one year, with Solterra conducting feasibility analyses and handling project development if approved. N2OFF will manage financing. The agreement was announced on January 23, 2025. This collaboration is expected to positively impact N2OFF by expanding its presence in the renewable energy sector. Additionally, N2OFF has announced a 111 MWp solar PV project in Germany and resolved a patent dispute in its favor.
Partners
growth-positive
N2OFF and Solterra Unite to Pioneer Solar PV Development in Albania
N2OFF Inc., a clean tech company, has signed a binding term sheet with Solterra Energy Ltd. to collaborate on renewable energy projects in Albania, focusing on solar energy and battery storage. This collaboration follows a trilateral agreement between Italy, Albania, and the UAE to develop renewable energy projects in Albania. N2OFF and Solterra are also working on significant projects in Germany and Italy, including a 111 MWp solar PV project in Germany and two Battery Energy Storage Systems in Italy. These initiatives highlight N2OFFs commitment to advancing renewable energy infrastructure in Europe.
Partners
growth-positive
N2OFF, Solterra joins forces to co-develop solar PV market in Albania
N2OFF has entered into a partnership with Solterra Energy to collaborate on renewable energy projects in Albania, focusing on solar energy and battery storage. This partnership involves a binding term sheet for exclusive collaboration over one year. Solterra will conduct feasibility analyses for potential projects, and if successful, will handle project development while N2OFF will manage financing. This collaboration is expected to positively impact N2OFF by expanding its presence in the renewable energy sector. The partnership is part of N2OFFs broader strategy to enhance its renewable energy portfolio.
Partners
growth-positive
N2OFF and Solterra Join Forces to Exclusively Co-Develop the Solar PV Market in Albania
N2OFF Inc., a clean tech company focused on sustainable energy solutions, has signed a binding term sheet with Solterra Energy Ltd. to collaborate on renewable energy projects in Albania, primarily focusing on solar energy and battery storage. This collaboration is part of a broader trilateral agreement between Italy, Albania, and the UAE to develop renewable energy projects in Albania. N2OFF and Solterra are also working on significant projects in Germany and Italy, including a 111 MWp solar PV project in Germany and two Battery Energy Storage Systems in Sicily, Italy. These initiatives highlight N2OFFs commitment to advancing renewable energy infrastructure in Europe.
Partners
growth-positive
N2OFF: Save Foods Ltd. (100%) Wins Patent Opposition Filed by ECOLAB in Europe
N2OFF Inc., a clean tech company, announced a favorable outcome for its subsidiary, Save Foods Ltd., in a European patent opposition filed by ECOLAB Inc. The patent covers a method using performic acid composition to protect edible matter, a key part of Save Foods technology. This decision strengthens Save Foods position in negotiations with global companies and aligns with EU efforts to reduce pesticide use. Save Foods focuses on post-harvest treatments to extend produce shelf life and reduce pesticide use, targeting a significant European market. ECOLAB Inc. may appeal by April 9, 2025.
Product StageCustomers
growth-positive
N2OFF, Inc. Announces 111 MWp Solar PV Project in Germany Secures Regulatory Approval
N2OFF Inc., a clean tech company, announced progress in its solar photovoltaic (PV) project in Melz, Germany, developed in collaboration with Solterra Renewable Energy Ltd. The project received approval from the Melz municipal committee, marking a significant milestone towards achieving ready-to-build status by the end of 2025. This project is part of a joint venture between N2OFF and Solterra to develop renewable energy facilities across Europe. N2OFF is providing financial support to Solterra, including a €470,000 loan installment as part of a €2 million commitment. The Melz project is N2OFFs first venture into the renewable energy market, aligning with its mission to support sustainable energy solutions.
PartnersInvestment
growth-negative
N2OFF Granted 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule
N2OFF Inc., a clean tech company focused on sustainable energy and agri-tech solutions, has been granted an additional 180-day compliance period by Nasdaq to meet the minimum $1.00 bid price per share requirement. The company must achieve this price for 10 consecutive trading days by July 7, 2025, to maintain its Nasdaq listing. N2OFF is involved in reducing greenhouse gas emissions and has recently entered the solar PV market, funding a project with Solterra Renewable Energy Ltd. The company also has subsidiaries focusing on post-harvest treatments and clean-label food options. Despite the compliance challenge, N2OFF continues its operations and trading under the symbol NITO.
growth-positive
N2OFF, Solterra Brand Services Italy execute LOI for battery storage projects
N2OFF (NITO) has signed a binding Letter of Intent (LOI) with Solterras subsidiary, Soltera Brand Services Italy, for the purchase and development of two battery storage systems in Sicily. Each system will have a capacity of 98MWp/392MWh. The total investment for these projects is up to EUR 2.35 million, to be paid in milestones. Upon completion, N2OFF will hold approximately 70% ownership in the projects, marking its entry into the European energy storage market. The projects have received approval for connection capacity from Terna and are expected to reach a Ready-to-Build stage in 18-24 months.
PartnersInvestment
growth-positive
N2OFF and Solterra Brand Services Italy executed a binding LOI to Develop Two 98MWp Battery Storage Projects in Sicily
N2OFF Inc., a clean tech company, has signed a binding Letter of Intent (LOI) with Solterra Ltds subsidiary, Soltera Brand Services Italy, to purchase and develop two Battery Storage systems in Sicily. This move is part of a joint venture with Solterra Renewable Energy Ltd., focusing on solar and energy storage projects. The total investment for these projects is up to €2.35 million, with N2OFF holding a 70% ownership stake. The projects aim to enhance N2OFFs presence in the European energy storage market, aligning with Italys MACSE scheme to support renewable energy transition. The projects are expected to reach a Ready-to-Build stage in 18-24 months.
PartnersInvestment
growth-positive
N2OFF, Inc. Announces Its JV with Soltera Renewable Energy Ltd Obtained an Approval of 111 MWp Solar PV Project in Meltz Germany
N2OFF Inc., a clean tech company, has announced progress in its solar photovoltaic (PV) project in Melz, Germany, developed in collaboration with Solterra Renewable Energy Ltd. The project recently received approval from the Melz municipal committee, marking a significant step towards achieving ready-to-build status by the end of 2025. This 111 MWp solar PV facility is part of a broader joint venture between N2OFF and Solterra to develop renewable energy facilities across Europe. N2OFF is providing financial support to Solterra, including a loan installment of €470,000 as part of a €2 million commitment. The project aligns with N2OFFs mission to promote sustainable energy solutions.
Partners
growth-positive
N2OFF Announces Letter of Intent with Ethiopian Federal Agency to Mandate Large-Scale Farmers to Utilize Save Foods’ Eco-Friendly Solutions
N2OFF Inc., through its subsidiary Save Foods Ltd., has entered into a strategic non-binding letter of intent (LOI) with GENSIS PM TDC, an Ethiopian federal agency, to implement eco-friendly solutions in Ethiopias large-scale farming sector. This partnership aims to enhance sustainable agricultural practices, improve crop yields, and ensure food safety across the country. If the LOI is converted into a definitive agreement, it could generate significant revenue for N2OFF Inc. and contribute to Ethiopias economy and public health. The collaboration includes plans to establish a local production facility in Ethiopia, facilitating the nationwide adoption of Save Foods technologies. The Ethiopian agriculture market is substantial, with a market size expected to grow from USD 5.09 billion in 2024 to USD 6.65 billion by 2029.
Partners
growth-positive
N2OFF Announces Strategic Initiatives Intended to Maximize Shareholder Value
N2OFF Inc., a clean tech company, announced strategic initiatives aimed at increasing shareholder value. The company plans to spin off its cleantech operations into a separate publicly traded entity while maintaining a controlling stake. Additionally, N2OFF has entered a non-binding letter of intent to acquire a computational drug discovery company, with a valuation of at least $5 million, potentially increasing by $2 million. The acquisition aims to expand N2OFFs reach into the pharmaceutical sector. Furthermore, N2OFF secured a €6 million credit line to support its projects. These initiatives are expected to enhance N2OFFs position in the cleantech and pharmaceutical sectors, delivering long-term value to shareholders.
AcquisitionInvestment
growth-positive
N2OFF Inc. and Solterra Unlock New Potential for Capacity Expansion in Solar PV Project
N2OFF Inc., a clean tech company, has announced a significant development in its Solar PV Joint Venture Project with Solterra Renewable Energy Ltd. The project, located in Meltz, Germany, has received approval for a grid connection that exceeds the initial requirement by 10%, offering potential pathways to enhance the projects value. These include increasing the projects capacity or incorporating battery storage solutions. The company is exploring these options to maximize efficiency and profitability, potentially leading to a higher project valuation. This development is seen as a growth-positive move for N2OFF, aligning with its commitment to sustainable energy solutions.
Partners
growth-negative
N2OFF Full Year 2023 Earnings: US$5.43 loss per share (vs US$11.49 loss in FY 2022)
N2OFF has reported its full year results for 2023, revealing a net loss of US$6.52m, a 14% increase from the previous year. The loss per share stands at US$5.43. Despite this, N2OFF shares have risen by 3.1% over the past week. However, the report also highlights four warning signs for the company that investors should consider.
Customers
growth-positive
N2OFF: Save Foods Granted Patent Approval in South Africa for its Proprietary Technology
Agri-food tech company N2OFF Inc. has announced that one of its patents has been granted in South Africa. The patent, titled Sterilization Compositions and Methods for Use Thereof, relates to kits and methods for controlling pathogen load within or on the surface of edible plant matter. The move is part of N2OFFs commitment to global food safety and sustainability, and will help the company expand its geographical distribution. South Africa is the worlds second largest exporter of citrus, a fact that could prove significant for N2OFF.
CustomersExpand
growth-positive
N2OFF: Save Foods Increasing its Potential Market Reach Following Pre-Harvest Regulatory Approval in California
Agri-food tech company N2OFF Inc. has received approval from the California Department of Pesticide Regulation for the use of its pre-harvest treatment, FieldProtect. This approval allows the company to expand its market reach in California, a leading state in organic production in the US. The company aims to provide sustainable solutions for agriculture and plant-based food, with a focus on reducing waste and improving food safety. The companys technology has shown promising results in extending the shelf life of strawberries, a key product in Californias agricultural sector.
CustomersExpand
growth-positive
Save Foods Announces Corporate Rebranding Changes Name to N2OFF Inc. to Reflect Core Values of its Business
Save Foods, Inc., an agri-food tech company, has announced a corporate rebranding, including a change of the companys name to N2OFF Inc. This rebranding is in response to recent business developments and focuses on sustainable environmental solutions. The rebranding includes a new name, an update to the companys corporate logo and website, and a new website for its majority-owned Israeli subsidiary, NTWO OFF Ltd. The companys Nasdaq trading symbol will change to NITO and it will begin trading under its new name and trading symbol on March 19, 2024.
Management Changes
growth-positive
Save Foods and Citrus Tree Treat Over 20 Tons of Fruit in the Brazilian Market
Save Foods, Inc., an Agri-Food Tech company, has announced a collaboration with Citrus Tree, a major producer and exporter of Tahiti limes in Brazil. The partnership aims to demonstrate the efficacy of Save Foods’ solutions in mitigating pathogens and reducing pesticide residues on the fruit, thereby extending its shelf life and reducing waste. This collaboration marks the start of Save Foods operations in Brazil. The companys goal is to assist Citrus Tree with extending the shelf life of produce and ensuring that consumers receive fresh, safe, and sustainable products.
PartnersExpand
growth-positive
Save Foods Received Regulatory Approval in California for its Pre-Harvest Product Supporting its Expansion in California
Save Foods, Inc., an Agri-Food Tech company, has received approval from the California Department of Pesticide Regulation (CDPR) for the use of its pre-harvest treatment, FieldProtect. This approval is a significant step forward for the company, paving the way for potential commercial expansion in California. The company believes that this entry into the California agricultural sector, which leads in organic production in the United States, places Save Foods in a favorable position within the sustainable agriculture market. FieldProtect is designed to meet the stringent environmental and safety standards set by the CDPR.
CustomersExpand
growth-positive
Save Foods Starts Commercial Activity in Brazil Unhindered by Regulatory Barriers
Save Foods, Inc., an Agri-Food Tech company, has announced the commencement of commercial activity in Brazil. The companys entry into the Brazilian market was facilitated by its local exclusive distributor after confirming that Save Foods’ solutions comply with local regulations. The distributor is set to start marketing and ordering process. Brazils fruit exports witnessed a 6% rise in 2023, reaching a total of 1.06 million tons and generating revenue in excess of $1.2 billion. Save Foods aims to help Brazilian packers uphold quality while adhering to the EUs rigorous residue limits.
PartnersExpand
growth-positive
Plantify Foods Secures New Retail Chain to Sell Its Plant-Based Clean Label Products
Save Foods, Inc., an Agri-Food Tech company, announced that its subsidiary, Plantify Foods, Inc., has secured a new retailer, expanding its footprint within its local market of Israel. Plantify Foods is partnering with Stopmarket, a growing grocery chain in Israel, to produce Clean Label Salads, Soups, and Stews. The partnership will help Plantify Foods to push sales and marketing efforts in new and larger markets such as Europe and the United States. The company is also planning to increase production and create new Clean Label food products to meet the growing demand of health-conscious consumers.
PartnersExpand
growth-positive
Save Foods Navigates Brazilian Regulation and Commences Commercial Activity Through Exclusive Local Distributor
Save Foods, Inc., an Agri-Food Tech company, has announced the commencement of commercial activity in Brazil. The companys entry into the Brazilian market was facilitated by its local exclusive distributor after confirming that Save Foods’ solutions comply with local regulations. The companys distributor is set to start marketing and ordering process. Brazils fruit exports witnessed a 6% rise in 2023, reaching a total of 1.06 million tons and generating revenue in excess of $1.2 billion. Save Foods eco crop protection solution is expected to help Brazilian packers uphold quality while adhering to the EUs rigorous residue limits.
PartnersExpand
growth-positive
Save Foods: NTwo Off Filed US Patent Application to Reduce Greenhouse Gas Emissions in Wheat Production
Save Foods, Inc., an Agri-Food Tech company, has announced the filing of a US patent application by its majority-owned subsidiary, NTwo Off Ltd. The patent is for a technology aimed at revolutionizing wheat production by reducing nitrous oxide emissions. The technology involves the use of two naturally occurring bacteria species that can reduce these emissions under various environmental conditions. NTwo Off is currently testing its technology under greenhouse conditions and intends to continue its testing in micro field plots using different soils, dosages, and formulations for a variety of crops.
CustomersPartnersInvestmentAcquisitionPublic TradingManagement ChangesLayoffsExpand
growth-positive
Save Foods, Inc. Appoints Galit Kenigsberg, an ESG Climate Expert, as Head of Sustainability Operations of its Scientific Advisory Board
Save Foods, Inc., an Agri-Food Tech company, has appointed Galit Kenigsberg as head of sustainability operations of its scientific advisory board. Kenigsberg, a member of Tel Aviv University’s Climate Center and CEO of the Sustainability Economic Development Corp., will help Save Foods achieve global Net Zero goals. She will leverage her expertise in green business development and environmental, social and governance (ESG) implementation. Kenigsberg will also collaborate with Save Foods subsidiary Nitrousink, which develops technology aimed at reducing harmful greenhouse gas emissions.
Management Changes
growth-positive
Save Foods' Subsidiary Changes its Name to NTWO OFF Ltd.
Save Foods, Inc., an agri-food tech company, announced that its subsidiary, formerly known as Nitrousink Ltd., has received approval to change its name to NTWO OFF Ltd. The company has identified two bacteria species that can reduce N2O emissions from wheat roots under various environmental conditions. The R&D team is currently testing its technology under greenhouse conditions with the objective of locating the optimal formula for reducing N2O emission in wheat crops. The company plans to continue its testing in micro field plots using different soils, dosages, and formulations for a variety of crops, including corn and rice.
Management Changes
Growth-Positive
Save Foods’ Board of Directors Decide to Distribute Plantify Holdings to Stockholders Later in 2024
Save Foods, Inc., an agri-food tech company, announced that its board of directors has authorized the companys officers to prepare a distribution plan of Save Foods holdings in Plantify Foods, Inc. Save Foods currently holds 85,008,698 Common Shares of Plantify, representing 23.1% of the total number of issued and outstanding Common Shares of Plantify. The distribution plan is subject to obtaining the requisite legal opinion and regulatory approvals and is expected to launch later in 2024.
Investment
Growth-Positive
Save Foods Announces the approval by its stockholders of the Nasdaq 20% Share Issuance under the $USD20 Million Standby Equity Purchase Agreement and the Name Change to “N2OFF, INC.”
Save Foods, Inc. has announced the results of a special meeting of stockholders, where it was approved to issue 20% or more of the company’s issued and outstanding shares of common stock under the standby equity purchase agreement with YA II PN, Ltd., a fund managed by Yorkville Advisors Global, LP. The agreement allows YA II PN, Ltd. to purchase up to $20 million of the company’s shares over the next three years. Additionally, the companys stockholders approved the change of the companys name to “N2OFF, Inc.” as part of a rebranding effort.
InvestmentManagement Changes
growth-positive
Save Foods: Nitrousink Files US Patent Application for Reducing Emissions of Nitrous Oxide in Wheat
Save Foods, Inc. announced that its majority-owned subsidiary, Nitrousink Ltd., has filed a patent application for its solution in reducing greenhouse gas emissions in wheat. Nitrousink has identified two bacteria species that can reduce N2O emissions from wheat roots. The company is currently testing its technology under greenhouse conditions to find the optimal formula for reducing N2O emission in wheat crops. This move allows Save Foods to penetrate the carbon credit market. The global wheat seed market size is expected to reach US$ 7.6 billion by 2032.
InvestmentExpand
growth-positive
Save Foods: Nitrousink Commenced Controlled Trial for the Reduction of Greenhouse Gas Emissions
Save Foods, Inc. announced that its majority-owned subsidiary, Nitrousink Ltd., has begun a controlled trial to examine its solution for reducing greenhouse gas emissions, specifically nitrous oxide (N2O). The trial will take place under greenhouse conditions and aims to optimize the effectiveness of Nitrousinks solution in reducing N2O emissions during wheat growth. The global wheat seed market is expected to reach $7.6 billion by 2032. Save Foods previously entered the carbon credit and greenhouse gas emissions markets following its acquisition of a majority stake in Nitrousink.
InvestmentAcquisition
growth-positive
Save Foods Targeting US Carbon Credit Market with Majority Ownership in Newly- Formed Nitrousink Ltd.
Save Foods, Inc. has acquired a majority stake in Nitrousink Ltd., a research and development company focused on reducing greenhouse gas emissions. The acquisition comes as the Carbon Credit Market is valued at $87.9 billion and is set to grow at a CAGR of 14.2% from 2023 to 2032. The US Congress has also passed an act to invest $20 billion in climate-smart agriculture practices. Save Foods will fund Nitrousink’s research and development and commercialization efforts with up to $1.2 million over three years.
AcquisitionInvestmentExpand
growth-positive
Save Foods Continues to Yield Good Results with its Solution for Cuties® in Third Consecutive Season
Save Foods Inc, an agri-food tech company, has announced that its solution has been chosen by Sun Pacific for use on Cuties® clementines for the third consecutive season. Sun Pacific is a leading US-based grower, packer, and marketer. Save Foods’ green treatments protect fresh fruit and vegetables from microbial spoilage and foodborne pathogens. The treatments leave no harmful residues on the produce nor in the environment and maintain product freshness over time. Fresh produce treated with Save Foods’ products can be found in different supermarket chains across the US and Europe.
CustomersPartners
growth-positive
Save Foods delivered its Solution-A proprietary blend of food acids to Sun Pacific for its clementine brand Cuties® for the third consecutive harvest season
Save Foods Inc, an agri-food tech company, has announced that Sun Pacific will apply Save Foods solutions for a third consecutive season during its cleaning process of Cuties, a leading US brand of clementine and mandarin. The solutions were previously applied to approximately 200,000 tons of fruit packed by Sun Pacific. Save Foods solutions have also been adopted by SiCarFarms, another Americas-based customer, resulting in a ramp up in sales to a large U.S retailer.
CustomersPartners
growth-positive
Save Foods, Inc. Increases Investment in Plantify Foods, Inc., Becoming Plantify Foods’ Largest Shareholder
Save Foods Inc, an agri-food tech company, has increased its stake in Plantify Foods, Inc. by purchasing an additional 55,004,349 common shares, taking its total interest to 23.13%. The decision was based on Plantifys commitment to high-quality, sustainable food production and its management teams ability to achieve their goals and innovate clean label foods. Save Foods sees potential synergies between the two companies and aims to promote eco-friendly agricultural practices and advance the future of food preservation and quality. Plantify Foods, Inc. is also expanding its footprint across Europe and North America.
AcquisitionInvestmentPartners
growth-positive
Save Foods Announces the Formation of Nitrousink Ltd., its Newly-Formed Majority-Owned Subsidiary, Intent on Tackling Greenhouse Gas Emissions of Nitrous Oxide (N2O).
Save Foods Inc, an agri-food tech company, has announced the formation of its majority-owned Israeli subsidiary, Nitrousink Ltd. The new company is a joint venture with Ya’aran Investments Ltd. and the Agricultural Research Organization - Volcani Institute, and will focus on reducing nitrous oxide (N2O) emissions, a potent greenhouse gas. Save Foods has agreed to fund Nitrousink’s research and development and commercialization efforts up to $1.2 million over three years. The Volcani Institute has recently achieved significant results in reducing N2O emissions by identifying and isolating two bacteria species from wheat roots that are naturally capable of reducing N2O emissions.
InvestmentPartners
growth-negative
Save Foods Insider Purchases Yet To Pay Off Regardless Of Recent Strength \
Insiders of Save Foods, Inc. have experienced losses after purchasing shares, despite a recent 56% increase in the stock price. The biggest insider purchase was made by Independent Director Udi Kalifi, who bought $90k worth of shares. Insider ownership of the company stands at 13%. The article suggests that while insider transactions can help build a thesis about the stock, it would be more comforting if insiders owned more shares. The article also mentions investment risks associated with Save Foods. No specific date is mentioned in the article.
Investment
Save Foods Announces Commencement of First large scale Commercial Pilot with Congeladora Nino, a Large Mexican Strawberry Packer
Save Foods’ CEO Releases Letter to Stockholders
Save Foods, Inc. Has Acquired Direct Ownership of 30,004,349 Common Shares of Plantify Foods, Inc.
Save Foods' Strategic Move: Acquiring A 20% Stake In Plantify Foods For Market Expansion
Save Foods, Inc. Announces Signing of Securities Exchange Agreement with Plantify Foods, Inc.
When Will Save Foods, Inc. (NASDAQ:SVFD) Become Profitable?
growth-positive
Are These Relatively Little-Known Organic And Earth-Friendly Food Stocks On Your Watchlist?
The article discusses the growing demand for organic food and its positive impact on companies in the industry. It mentions Save Foods, Inc. as an agritech company that develops eco-friendly treatments for the food industry to enhance food safety and shelf life. The companys treatments have been validated on various fruits and vegetables and aim to reduce food waste and increase revenues for growers, packers, and food retailers. The article suggests that investing in organic food stocks can help raise capital for growth and expansion while providing potential returns for investors. It also mentions other organic food companies like General Mills, Appharvest Inc., Sprout Farmers Market Inc., The Simply Good Foods Co., and Beyond Meat, Inc. as potential investment options. The article highlights the challenges of food waste and food safety in the agri-food tech industry and how Save Foods is addressing these challenges.
CustomersPartners
growth-positive
The U.S Wastes About 40% Of Its Food Supply Each Year – A Look At The Future Of Waste Reduction And Food Processing In A New Year
Save Foods, Inc. is addressing the challenge of food waste and loss through their integrated solutions for improved safety, freshness, and quality in the agri-food tech industry. The company collaborates with growers, packers, and food retailers to develop treatments and products that extend the shelf life of fresh produce. Their proprietary blend of food acids and oxidizers has been validated on various fruits and vegetables. Save Foods CEO, Dan Sztybel, highlights the potential benefits of their treatment, including higher quality and longer freshness of produce. The article emphasizes the need to urgently scale up action to reduce food loss and waste to meet the Sustainable Development Goals. Save Foods efforts align with this goal and contribute to a more resilient food system.
CustomersPartners
Growth-Negative
Save Foods Third Quarter 2022 Earnings: US$0.47 loss per share (vs US$0.46 loss in 3Q 2021)
Save Foods has reported a net loss of US$1.76m for the third quarter of 2022, a 37% increase from the same period in 2021. The companys loss per share also deteriorated, from US$0.46 in 3Q 2021 to US$0.47 in 3Q 2022. The companys shares are down 2.1% from a week ago. Additionally, five warning signs have been identified for Save Foods, four of which are potentially serious.
Customers
Growth-Positive
Save Foods Kicks off the 2022-2023 Northern Hemisphere Citrus Season
Save Foods, Inc., an agri-food tech company, has announced its plans to expand its customer base with the addition of five new packing houses. The company anticipates treating approximately 400,000 tons of citrus fruit during the season. The expansion is expected to take place across Turkey, Egypt, Mexico, the US, and Israel. The companys CEO, Dan Sztybel, stated that they are expecting to add five new customers this citrus season. The companys clients include SiCar Farms, Sun Pacific, and Mehadrin.
CustomersExpand
Save Foods, Inc. Interview to Air on Bloomberg U.S. on the RedChip Money Report(R)
growth-positive
Save Foods Hosts Senior Executives from Leading LATAM Food and Agricultural Multinational Companies
Save Foods, Inc. hosted a delegation of senior executives from leading multinational food and agriculture companies at their R&D center in Israel. The delegation, led by PepsiCo, was focused on finding new technologies to streamline produce production. Save Foods innovative treatment to extend the shelf life of produce and reduce the need for pesticides garnered interest from the delegation members, with some expressing interest in running pilot trials with the company. The delegation consisted of industry-leading produce exporters and food companies from Latin American countries. Save Foods aims to pursue new pilot programs and commercial sales opportunities with the delegation members.
PartnersCustomers
Growing Interest for Save Foods’ Innovative Eco-Treatments Among European Retailers and Distributors
growth-positive
Save Foods Announces New Sales with Mexican Lime Packers
Save Foods, an agri-food tech company, has announced the commercial adoption of its eco-crop protection treatment by Mexican lime packers. This follows the successful completion of several pilot programs in Veracruz, Mexico. The companys treatment extends the shelf life of produce, reduces waste, and could result in additional income for retailers. Mexico is the worlds second-largest exporter of limes, with the state of Veracruz being the main producing region. Save Foods is dedicated to delivering integrated solutions for improved safety, freshness, and quality in the agri-food tech industry.
CustomersExpand
growth-positive
Letter to shareholders
Save Foods Inc, an agri-food tech company, has issued a letter to shareholders outlining its transition from R&D to commercialization. The company has expanded its product offerings and operational footprint, serving customers with treatments for various fruits and vegetables. It has also doubled its team and added seven new representative offices in key exporting countries. The company is running more than 60 active pilot programs in 12 regions worldwide, and expects this number to increase. It anticipates revenue growth beginning in Q4 2022. The company has also optimized the manufacturing process of its treatments to support increasing commercial demand.
CustomersExpand
growth-positive
TripleW applies Israeli ingenuity to make waste history | CTech
Israeli startup TripleW, founded by Tal Shapira and Amir Oranim, is using lactic acid produced from food waste to create bioplastics. The company has raised $19 million in total, with $7 million obtained in grants and $12 million in equity financing rounds. TripleWs process involves fermenting food waste using unique microorganisms to produce lactic acid, which is then separated and purified for various applications. The highest growing market segment for lactic acid is its use in the production of bioplastics, which can replace fossil-based plastics in nearly 80% of plastic applications. TripleW aims to establish its technology in multiple facilities across the U.S. and Europe and is considering establishing a facility in Israel as well.
PartnersInvestment
SAVE FOODS ANNOUNCES NOTICE OF PATENT ALLOWANCE IN THE U.S. FOR ITS PROPRIETARY BLEND OF ACIDS BASED TECHNOLOGY TO PROTECT FRUITS AND VEGETABLES FROM DECAY
growth-negative
Save Foods, Inc.'s (NASDAQ:SVFD) recent US$4.0m market cap decline means a loss of US$10k for insiders who bought this year
Insiders who acquired $90k worth of Save Foods, Inc.s stock at an average price of $3.25 in the past 12 months have seen a 51% price decline, resulting in their investment being worth only $80k. The article discusses insider transactions at Save Foods, with an emphasis on a recent insider purchase by Independent Director Udi Kalifi. The article also mentions the companys losses and the relatively low insider ownership. It advises readers to consider the risks associated with the stock. The article does not provide a specific date for the events described.
Investment
growth-positive
Save Foods, Inc. Announces Closing of Public Offering
Save Foods, Inc. has closed its public offering of 1,600,000 shares of common stock at a price of $3.00 per share, raising gross proceeds of $4.8 million. The underwriters have been granted a 45-day option to purchase an additional 240,000 shares. The company intends to use the proceeds for working capital and general corporate purposes. ThinkEquity acted as the sole book-running manager for the offering. The offering is being made under an effective shelf registration statement filed with the SEC.
Investment
Save Foods Announces Pricing of Public Offering of Common Stock
growth-positive
Save Foods Teams Up with Galilee Export, Israel's Second Largest Exporter of Fresh Produce, to Fight Food Waste
Galilee Export, the second largest exporter of fruit and vegetables in Israel, will require all their bell pepper suppliers to apply Save Foods treatment. The initial plan is to treat 100% of their bell peppers with Save Foods product, with avocados to follow. The treatment reduces decay, prevents food waste, and improves the firmness of the peppers. Save Foods products address the challenges of food waste and loss reduction in the industry. Many major packing houses are currently carrying out trials on their products. Save Foods aims to extend its market reach to countries with stricter pesticide regulations and treat other fruits and vegetables in the future. The article also provides information about Save Foods and Galilee Export.
PartnersCustomers
growth-positive
Save Foods Granted A Patent For Its Proprietary Compound For The Natural Protection Of Edible Matter
Save Foods has announced the approval of its European patent application for its eco-friendly post-harvest treatments for fruits and vegetables. The patent has been validated in Spain, France, Germany, and the UK. Save Foods proprietary blend of organic food acids reduces the need for conventional post-harvest fungicide and can reduce food waste due to spoilage. The companys intellectual property portfolio now includes seven issued patents, one allowed, and seven pending applications. The European market presents a significant opportunity for Save Foods, as it generates approximately 90 million tons of food waste annually. The company aims to provide integrated solutions for improved food safety, freshness, and quality throughout the supply chain.
Partners
growth-positive
SAVE FOODS, INC. ANNOUNCES CLOSING OF $12 MILLION PUBLIC OFFERING AND NASDAQ LISTING
Save Foods, Inc. has announced the closing of its underwritten public offering of 1,090,909 shares of Common Stock at a price of $11.00 per share. The gross proceeds from the offering were approximately $12,000,000. The company intends to use the proceeds for product research and development, purchase of lab equipment, gaining regulatory approvals and commercialization, building up sales and marketing, working capital, and general corporate purposes. The offering was made pursuant to an effective registration statement on Form S-1 previously filed with the SEC.
Investment
growth-positive
חברת הפודטק Save Foods תנסה לגייס 14.6 מיליון דולר בנאסד"ק
Israeli foodtech company Save Foods is planning to raise $14.6 million in funding to move from over-the-counter trading to NASDAQ. The company, which focuses on developing and marketing environmentally-friendly products to extend the shelf life of fresh produce, currently has a market value of $38 million. The funds raised will be used for research and development, potential technology acquisitions, lab equipment, regulatory costs, marketing and sales efforts, and working capital. Save Foods reported revenues of $232,000 in 2020, a 32.1% growth compared to 2019, but is not yet profitable. The companys major shareholders include Amir Ouziel, Pure Capital, Nir Ecology, Buffalo Investment, and Professor Ben-Gurion Goldwasser.
Investment
growth-positive
חברת הפודטק הישראלית Save Foods בדרך לנאסד"ק בלעדי
Israeli foodtech company Save Foods is expected to go public on the Nasdaq stock exchange through an IPO. The company is currently valued at $14 million and the IPO is expected to have a higher valuation. Save Foods focuses on developing and marketing environmentally-friendly products that extend the shelf life of fresh produce. In the first three quarters of the year, the company had revenues of $64,000 and a net loss of $1.4 million.
Public Trading
growth-positive
SAVE FOODS ANNOUNCES DAVID PALACH AS CO-CHIEF EXECUTIVE OFFICER
Save Foods has appointed David Palach as Co-Chief Executive Officer, alongside the current CEO, Mr. Dan Sztybel. Palach brings experience in environmental packaging and logistics, business development, and financial management. The company aims to accelerate its growth in the market for fresh produce treatment solutions and establish itself as a leader in the sector.
Management Changes
growth-positive
Saving lost produce by cutting waste
Pimi Agro CleanTech, a company specializing in environmentally friendly products for food preservation, aims to reduce wastage and feed millions of starving children worldwide. The company has developed a unique line of products that can keep fruits and vegetables fresh for up to 10 weeks, significantly reducing deterioration during transport. The technology has been proven effective through research conducted at various institutions in Israel. Pimi Agro is currently at the breakthrough stage, with approval from the US Environmental Protection Agency and interest from major retailers and food producers. The company is developing partnerships in different countries to locally produce the preservation products. The goal is to address global food wastage, improve availability and affordability of produce, and alleviate the need for extensive land and water resources.
Customers
growth-positive
Could an Israeli-created innovation end world hunger?
Pimi Agro, an Israeli company, has developed a formula based on hydrogen peroxide that can significantly reduce food spoilage and loss during transportation. The formula allows fruits and vegetables to remain fresh for up to 10 weeks. Pimi plans to introduce its inventions to international institutions and has conducted large-scale field tests with Wal-Mart and SunPacific. The companys technology has been approved by agricultural and food authorities worldwide. Pimis products, which are based on stabilized hydrogen peroxide, have been found to be 15 times more effective than other preservation systems. The company aims to address world hunger and plans to submit a report to the UN and other international groups. Pimi is working with other food producers and plans to develop products for additional produce and meat, poultry, and fish.
Customers
growth-positive
Pimi Agro Cleantech raises $2m
Pimi Agro Cleantech Inc. has closed a private placement with US institutional investors at a company value of $16 million. The company has filed a prospectus to list for trading on the Bulletin Board. The investment of $2.08 million is part of a larger $4 million financing round. The investors in the round include Iowas TSA Trust Fund, PFFI Retirement Foundation, and Oregon Orate OSGP Fund. Pimi Agro has developed technology for preserving harvested fruit using environmentally friendly chemicals and has already made sales to companies in the UK, Germany, and Ukraine.
Investment
N2OFF Team
Employee Info
| Employees (range) | 1-10 |
| Exact count | 10 |
| Team members | 3 |
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N2OFF Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Ortal Wein |
| Registrar ID | 513497123 |
| Crunchbase | save-foods |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2023-02-06T00:00:00.000Z |
| Created | 2014-11-04T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on OTC on May, 2010;Public on NASDAQ on May, 2021; |