Save Foods (NASDAQ: SVFD) (FSE: 80W) is an agri-food tech company specializing in eco crop protection that helps reduce food waste and ensure food safety. The company today provided a letter to stockholders from Dan Sztybel, the CEO of Save Foods’ Israeli subsidiary. “As regulators and retailers across Europe move toward a zero-tolerance policy regarding pesticide residue limits, we are seeing rapidly growing interest from exporters to Europe asking for pilots. With a track record of converting 100% of our trials into paying customers, we anticipate a strong second half of the year as we build on this early momentum,” Sztybel states in the letter. “Europe accounts for more than €60 billion (approximately $63 billion), or 44%, of the global trade value of fresh fruit and vegetables, and includes five of the 10 largest importing countries in the world… To address the immediate opportunity in Europe, as well as to mitigate the impact of seasonality on our activities, Save Foods has rapidly expanded its presence in key markets that export to Europe, including Turkey, South Africa, Mexico, Peru, and Columbia. We are hopeful the current pilot programs we are running will replicate the success of previous trials, leading to strong sales acceleration in the second half of 2022 and beyond.”
To view the full press release, visit https://ibn.fm/MDyGn
About Save Foods Inc.
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. The company is dedicated to delivering integrated solutions for improved safety, freshness and quality, every step of the way from field to fork. Collaborating closely with its customers, Save Foods develops new solutions that benefit the entire supply chain and improve the safety and quality of life of both the workers and the consumers alike. The company’s 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 treatments 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 the company’s website at www.SaveFoods.co.
NOTE TO INVESTORS: The latest news and updates relating to SVFD are available in the company’s newsroom at https://ibn.fm/SVFD
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