Financial News
InvestorNewsBreaks – Save Foods Inc. (NASDAQ: SVFD) to Pursue Larger Scale Research Collaboration with UC Riverside
Save Foods (NASDAQ: SVFD), an agrifood tech company focused on developing and selling eco-friendly products specifically designed to extend the shelf life and ensure the safety of fresh fruits and vegetables, today announced increased collaboration with the University of California, Riverside (“UC Riverside”). The move follows the completion of several successful field trials of Save Foods’ pre-harvest products conducted by Dr. Jim Adaskaveg, UC Riverside’s professor at the microbiology and plant pathology department. SVFD’s board of directors subsequently approved increased collaboration with the university and instructed the company’s scientific team to present a working plan for the pre-harvest application within the coming 90 days. In a press release issued on Oct. 20, 2021, the company reported that its products were tested to evaluate the efficacy and impact of pre-harvest treatments on the quality of citrus fruit varieties. The studies, conducted by Dr. Adaskaveg over the past couple of years, including a recent promising study on mandarins, suggested that the shelf life of citrus fruits can be significantly improved when treated with Save Foods’ products prior to harvest. “These exciting results bring us one step closer to the potential commercialization of our pre-harvest product,” said Dr. Neta Matis, VP R&D of Save Foods Ltd., the company’s subsidiary. “The study included four varieties of citrus fruits including the ‘Valencia’ orange. The study demonstrated that, nine days after harvest, Save Foods treatment reduced the incidence of decay (waste) by more than 75%.”
To view the full press release, visit https://ibn.fm/KSRQN
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 workers and the consumers alike. Save Foods’ initial applications are in post-harvest treatments in fruit and vegetable packing houses processing citrus, avocados, pears, bell peppers and mangos. By controlling and preventing pathogen contamination and significantly reducing the use of hazardous chemicals and their residues, Save Foods products not only prolong fresh produce shelf life and reduce food loss and waste, but also help to ensure a safe, natural and healthy product. For more information about the company, visit 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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