by SignalFactory · November 3, 2021 | 13:49:27 UTC
Save Foods (Nasdaq: SVFD), an agri-food-tech company focused on developing and selling eco-friendly products specifically designed to extend the shelf life and ensure food safety of fresh fruits and vegetables, yesterday announced that it has commenced a commercial pilot program of its treatment for citrus fruits with a large Turkish packing house, HERA Meyve ve Sebze.
The commercial trial, which is scheduled to begin between November 8th and 12th, was designed to verify that the Company’s products, when combined with permitted pesticides, mitigate undesirable pathogens but most importantly reduce the presence of the pesticides’ hazardous residues on citrus fruit, as required by the EU’s recently established “Farm To Fork Green Deal Initiative”.
Dan Sztybel, the Chief Executive Officer of Save Foods Ltd., the Company’s Israeli Subsidiary, commented on the announcement, “I am confident that this trial will confirm what we have repeatedly demonstrated in the pilots and scientific studies already conducted in Israel, the United States, Mexico and Spain; Save Foods treated produce consistently shows efficient control of pathogens with less hazardous residues.”
“This program is an important step in advancing our presence in the EU. Turkey is one of the world’s largest producers of fruit and vegetables, and while it is not a member of the EU, it is estimated that more than 42% of all Turkish exports go to EU countries. I expect the results achieved here will facilitate our relationships with other regional growers, packers, and retailers and help us take advantage of the many opportunities within the European marketplace,” Sztybel concluded.
Save Foods Long (Buy) Enter At: 7.54 T.P_1: 8.06 T.P_2: 9.36 T.P_3: 11.06 T.P_4: 12.63 S.L: 4.12
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