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Save Foods Inc. (NASDAQ: SVFD) Receives Seventh Global Patent for Proprietary Composition Method

  • Israeli Patent Office grants patent for new-generation, natural, disinfecting composition and method to protect edible matter from decay
  • Patent is further validation of SVFD’s technology, an important step in building company’s IP portfolio
  • Food waste is a social, humanitarian, economic and environment concern

Save Foods (NASDAQ: SVFD), an agri-food tech company focused on creating solutions to food waste and loss as well as food safety, has been granted its seventh global patent, protecting the company’s innovative ecofriendly product-treatment offerings (https://ibn.fm/XGHjr). The patent was granted by the Israeli Patent Office for SVFD’s new-generation natural disinfecting composition and method to protect edible matter from decay, ultimately extending extend shelf life and reduce waste.

“Israel is a world-leader in agricultural technologies and a major exporter of fresh produce,” said Dr. Neta Matis, vice president of R&D for Save Foods Ltd.’s Israel subsidiary. “Israel is a key jurisdiction for us to protect our proprietary technologies, and this patent is further validation of our technology and an important step in building an IP portfolio that ensures food safety reduce waste globally.”

The patent is Save Foods’ fourth issued patent in Israel and its seventh global patent. 

These patents are representative of the success of Save Foods’ dedication to addressing two major global issues: food waste and loss, and food safety. At face value, the implications of food waste are immense, with one recent report noting that “the amount of food waste in America alone is simply mind numbing, weighing in at 133 billion pounds and $161 billion worth of food in 2010. That means 31% of all food produced annually is wasted. As a subcategory, 644 million tons of fruit and vegetables, or 42% of total supply, is wasted annually” (https://ibn.fm/MOtc3). 

In fact, however, “food waste is a social, humanitarian, economic and environment concern. Understand that waste isn’t just what gets thrown away in a kitchen, grocery store or hotel. It also includes product that never leaves the farm or spoils during distribution. Collect those billions of pounds of waste, and there are enough calories to feed every undernourished person on the planet,” the report noted. “Now think about all the energy that was used, not to mention the trillions of gallons of water, to grow, harvest, package and transport the 133 billion pounds of fruit, vegetables, meat and more that ultimately ended up in the Dumpster. 

“If the United States, along with the rest of the world, genuinely wants to meet carbon reduction targets by 2030, all involved need to take a close look at food waste, considering it accounts for about 8% of global emissions. According to Project Drawdown, when accounting for deforestation for farmland and annual adoption of plant-rich diets, reducing food waste by 50% to 75% by 2050 would reduce carbon dioxide emissions by up to 95.1 gigatons.”

Save Foods offers the first natural product with potential to actually replace the different highly residual (hazardous) chemicals used today while also addressing the challenges of both food waste and food safety. The company’s core applications are ecofriendly, post-harvest treatments for fruits and vegetables. SVFD’s proprietary technologies reduce the need for conventional post-harvest fungicide by at least 50% — even entirely in some cases — can reduce food loss due to spoilage by up to 50%. 

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 workers and the consumers alike. 

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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