N2OFF: Save Foods Ltd. (100%) Wins Patent Opposition Filed by ECOLAB in Europe
15 Enero 2025 - 7:25AM
N2OFF, Inc. (NASDAQ: NITO) (FSE:80W) (“N2OFF” and the “Company”), a
clean tech company engaged in sustainable solutions for energy and
agri-tech innovation, announced that its subsidiary Save Foods Ltd.
(“Save Foods”) was informed that opposition to its European patent
EP2615932 filed by ECOLAB Inc. has been concluded in Save Foods’
favor.
ECOLAB Inc. has the right to appeal this
decision to the European Patent Register in by April 9, 2025.
The European patent covers a method of
protecting edible matter using a specific performic acid
composition, which is a significant part of Save Foods’ proprietary
technology and line of commercial solutions. Save Foods’ commercial
solutions are proven to extend shelf life of fresh produce while
dramatically reducing, by at least 50%, the amount of hazardous
pesticides.
According to statista.com The European Market
value of crop protection pesticides in Europe in 2021 was 27.73
billion USD , with a forecast of 31.6$ US in 2026 a significant
potential target market
(https://www.statista.com/statistics/1426103/value-of-the-european-pesticide-market/).
"The favorable outcome for Save Foods is an
important development both for Save Foods and N2OFF alike. We
believe the decision will help strengthen Save Foods’ position in
ongoing negotiations with leading companies across the globe,
demonstrating the unique value of Save Foods’ technology,” said
David Palach, CEO of N2OFF and a member of the board of directors
of Save Foods. “Furthermore, this achievement aligns perfectly with
the EU's efforts to reduce pesticide use in agriculture, offering a
sustainable and innovative solution to meet these stringent
regulatory goals."
About Save Foods Ltd.:
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 the workers and the consumers alike. Our 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 treatment 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 our
website: SAVE FOODS – SAVE FOODS
About N2OFF Inc.:
N2OFF, Inc. (formerly known as Save Foods, Inc.)
is a clean tech company engaged in sustainable solutions for energy
and innovation for agri- tech. Through its operational activities
it delivers integrated solutions for sustainable energy, greenhouse
gas emissions reduction and safety, quality solutions for the agri-
tech market. NTWO OFF Ltd., N2OFF's majority-owned Israeli
subsidiary, aims to contribute in tackling greenhouse gas
emissions, offering a pioneering solution to mitigate nitrous oxide
(N2O) emissions, a potent greenhouse gas with 310 times the global
warming impact of carbon dioxide. NTWO OFF Ltd., aims to promote
agricultural practices that are both environmentally friendly and
economically viable. N2OFF recently entered the solar PV market and
will provide funding to Solterra Renewable Energy Ltd. for the
current project in the total Capacity of 111 MWp, as well as
potential future projects. Save Foods Ltd., N2OFF's majority-owned
Israeli subsidiary, focuses on post-harvest treatments in fruit and
vegetables to control and prevent pathogen contamination. N2OFF
also has a minority ownership in Plantify Foods, Inc., a Canadian
company listed on the TSXV that offers a wide range of clean-label
healthy food options. For more information on Save Foods Ltd. and
NTWO OFF Ltd. visit our website: www.n2off.com.
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. Because such statements deal with
future events and are based on our current expectations, they are
subject to various risks and uncertainties including, but not
limited to, the potential appeal by ECOLAB in connection with the
matter discussed in this press release, and Save Foods’ ability to
effectively leverage the decision discussed in the press release in
order to strengthen Save Foods’ position in the European market.
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 as well as those discussed under the
heading “Risk Factors” in N2OFF’s Annual Report on Form 10-K filed
with the SEC on April 1, 2024, 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.
Investor Relations Contacts:Michal Efratymichal@efraty.com
N2OFF (NASDAQ:NITO)
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