Neve Yarak, Israel — Save Foods, Inc. (NASDAQ: SVFD) (FSE: 80W) (“Save Foods” or the “Company”), an agri-food technology company specializing in ecological crop protection that helps reduce waste and ensuring food safety while reducing the use of pesticides, today announced the launch of seven commercial pilot projects with major Peruvian exporters, such as Agricola Cerro Prieto (ACP) and another multinational packer. The impact of Save Foods’ innovative treatments will be evaluated on avocados, berries and citrus fruits.
Peru’s fruit and vegetable exports exceeded $5.1 billion between January and November 2021. Peru currently ranks among the top 10 fruit exporters in the world. Grapes, blueberries and avocados drive the diverse country’s fruit export market, while the value of citrus and mango exports are growing exponentially. In 2020, the United States and the EU-28 accounted for more than 75% of Peru’s export destinations.
Daniel Gonzalez Hernandez, vice president of the Fruits and Vegetables Committee of the Business Association, hailed Peru’s burgeoning future as one of the world’s largest fresh produce exporters. “Peru has the potential to become the main pantry on the planet. To achieve this potential, it is essential to work hand in hand with the public sector, to develop a food agro-export policy, to improve the security of our supply and to penetrate new markets,” he said. .
Dan Sztybel commented: “We are proud and excited to test our treatments with these companies. Our business strategy is focused on countries that export to Europe and involves a long export journey, often consisting of thousands of kilometres. Keeping produce fresh for such long journeys will likely require the use of pesticides, which are banned under the EU’s ‘farm to fork’ initiative. This is where our competitive advantage helps us – we can ensure companies are EU compliant as our treatments extend shelf life while reducing pesticide use.
About Save Foods:
Save Foods is an innovative and dynamic company tackling two of the most important challenges in the food technology industry: food waste and loss and food safety. We are committed to providing integrated solutions for improved safety, freshness and quality, at every stage, from field to plate. Working closely with our customers, we develop new solutions that benefit the entire supply chain and improve safety and quality of life for workers and consumers. Our initial applications are for post-harvest processing in fruit and vegetable packing plants processing produce such as citrus fruits, avocados, pears, apples and mangoes.
By controlling and preventing pathogen contamination and dramatically reducing the use of hazardous chemicals and their residues, Save Foods processing not only extends the shelf life of fresh produce and reduces food loss and waste, but also guarantees a safe, natural and healthy product.
For more information visit our website: SAVE FOODS – SAVE FOODS
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”, “anticipates”, “believes”, “seeks”, “estimates” and similar expressions or variations of these words are intended identify forward-looking statements. For example, we use forward-looking statements in this press release when discussing, among other things, business pilots in Peru with several leading exporters, the potential of the Peruvian market and the benefits of our products. Because these statements address 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 or implied by the statements contained in this press release. The forward-looking statements contained or implied by this press release are subject to other risks and uncertainties, including market conditions and the satisfaction of all conditions and the closing of the offer, as well as those discussed under “Risk Factors” section. 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 unforeseen events. References and links to websites have been provided as a convenience, and information contained on such websites is not incorporated by reference in this press release. We are not responsible for the content of third party websites.