N2OFF, Inc. - Common Stock (NITO)

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N2OFF’s (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods, Inc.) subsidiary Save Foods Ltd., an innovative, dynamic company addressing food waste and loss and food safety in the agri-food tech industry, has entered into a non-binding letter of intent (“LOI”) with GENSIS PM TDC, an Ethiopian Federal Agency. Under the LOI, announced Tuesday morning, the agency seeks to utilize Save Foods’ innovative eco-friendly solutions across Ethiopia’s large-scale farming sector, potentially supporting the country’s efforts to develop sustainable agricultural practices, enhance crop yields, and ensure food safety. David Palach, N2OFF’s CEO, believes the agreement could yield dozens of millions of dollars in revenues if consummated.

N2OFF (NASDAQ: NITO) (FSE: 80W), a clean-tech company engaged in sustainable solutions for energy and innovation for the agritech space, is undertaking key strategic initiatives. According to the announcement, the initiatives include spin-off clean-tech activities, the acquisition of a computationally advanced drug-discovery company and the securing of a €6 million line of credit. These initiatives were approved by the company’s board of directors and are intended to maximize shareholder value.

N2OFF (NASDAQ: NITO) (FSE: 80W), a clean-tech company engaged in sustainable solutions for energy and innovation for the agritech space, has released a status update on its Solar PV joint venture project with Solterra Renewable Energy Ltd. N2OFF recently received an additional report from Solterra after the company received required approval to connect to the power grid of a regional energy service provider in Meltz, Germany; the report notes a 10% capacity increase, exceeding initial expectations and opening new opportunities for growth, including possibly increasing the project’s capacity by up to 10% or incorporating battery-storage solutions. The two companies are exploring both opportunities to identify which might best enhance the project’s overall efficiency and profitability.

N2OFF (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods, Inc.), a pioneer clean tech company offering sustainable solutions for energy and innovation to the agri-tech market, and Solterra Renewable Energy Ltd. today announced additional progress in relation to the integration of Solterra’s Solar PV joint venture (“JV”) project in Melz, Germany. According to the announcement, Solterra recently submitted a statutory plan (“B-PLAN”) draft, an essential zoning submission, to the city. This submission represented an important step forward for Solterra and the project.

N2OFF (NASDAQ: NITO) (FSE: 80W), a clean-tech company engaged in sustainable solutions for energy and innovation for the agritech space, is providing a status update regarding its solar PV joint venture project with Solterra Renewable Energy Ltd. According to the update, after Solterra received approval to connect to the power grid of a regional Germany-based energy service provider, the company contacted N2OFF, noting that there could be additional avenues to potentially increase the project’s value. The update noted that Solterra conducted a thorough review of the approval and reported that the allocation is approximately 10% greater than originally anticipated.

N2OFF (NASDAQ: NITO) (FSE: 80W), a clean-tech company engaged in sustainable solutions for energy and innovation for the agritech space, is reporting that the first solar photovoltaic (“PV”) project, which is part of its joint venture with Solterra Renewable Energy Ltd., has obtained approval to connect to the power grid of a regional energy service provider in Germany. This approval demonstrates that the project meets required safety standards; the project is also currently aligned with the set timeline and milestones established for the project. According to the announcement, the project was approved by the town of Melz, Germany, and is slated to provide a total capacity of 111 MWp (Megawatt peak).

N2OFF (NASDAQ: NITO) (FSE: 80W), a clean-tech company engaged in sustainable solutions for energy and innovation for the agritech space, has entered its first European Union photovoltaic (“PV”) market with an initial 111 Megawatt peak (“MW”) project. The company entered the German market as part of an agreement with Solterra Renewable Energy Ltd. and a number of private investors. According to the announcement, the company can fund up to €8 million for up to 50% rights in several solar PV projects to be developed by Solterra Renewable Energy Ltd; the first project has already received municipal approval as well as an indicative solution for grid connection by a large regional energy-service provider in Germany.

N2OFF (NASDAQ: NITO) (FSE: 80W), a clean-tech company offering sustainable solutions for energy and innovation for agritech, and its subsidiary, Save Foods Ltd, are working to monetize the quantification of emission reductions by keeping food in the human supply chain. The companies are doing this by leveraging Save Food’s patented treatment that extends the shelf life of some fruits and vegetables. According to the announcement, if these efforts are successful, N2OFF could receive designated food waste credit.

N2OFF (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods, Inc.), a pioneer agri-food tech company offering sustainable solutions for agriculture and plant-based food, today announced entry into an agreement with Solterra Renewable Energy Ltd. to fund up to €8 million solar photovoltaic (“PV”) projects. N2OFF entered into this agreement together with several private investors. According to the announcement, the first project that the parties agreed upon is planned in Melz, Germany. The project, which has been approved by the municipality of Melz, has a total capacity of 111 MWp (Megawatt peak) for which N2OFF and the private investors will loan an aggregate amount of €2.08 million to assist the project in reaching its goal of obtaining Ready-to-Build (“RTB”) status. Under the terms of the agreement, the loan will be given based on accomplished milestones, with an accrued interest at a rate of 7% per annum. The agreement provides N2OFF and the investors with up to 50% of the rights to the net earnings and contemplates a right of refusal in favor of the company and the investors for additional project investments of up to €6 million. “We are pleased to announce our entry in the solar energy sector with our first project. Our goal is to create a reliable revenue stream by financing projects carefully selected by the Solterra team, our experts in the field. Based on recent market trends, we expect the global demand for alternative energy solutions to continue growing annually, as awareness of the need to create environmentally friendly solutions to help preserve our planet increases. We believe this to be a contributing factor to the attractive profit margins in this sector. Subject to the right of first refusal granted to us, we look forward to analyzing and investing in future projects,” said David Palach, N2OFF’s CEO.

N2OFF (NASDAQ: NITO) (FSE: 80W), a clean-tech company offering sustainable solutions for various industries, is entering the solar photovoltaic (“PV”) market. According to the announcement, N2OFF is collaborating with Solterra Renewable Energy Ltd. in the expansion. As part of the partnership, N2OFF entered into a €500,000 loan agreement with Solterra and certain other private investors; N2OFF committed €375,000 of that amount. According to the announcement, the global solar photovoltaic market totaled an estimated $150 billion in 2022 and is forecast to reach more than $383.78 billion by 2032. Solterra Renewable Energy was founded by solar PV experts Eran Litvak and Yair Harel, who are experienced entrepreneurs and managers with dozens of successful projects and more than two decades of proven experience in identifying business opportunities and maximizing value in the energy and financial sectors. Solterra is currently active in three markets: Italy, Poland and Germany. “In recent months, we focused on the development of our subsidiary, NTWO OFF Ltd., which aims to reduce N2O emissions using innovative bacterial technology for agriculture,” said N2OFF CEO David Palach in the press release. “In parallel, we identified what we believe is an attractive opportunity in the growing solar PV market. Our decision to enter this field was primarily driven by our collaboration with the experts from Solterra, who have experience in leading solar PV projects. The current loan agreement marks the beginning of a collaboration we believe could have great potential for profitability and revenue generation in future projects.”

N2OFF (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods Inc.), a pioneer agrifood tech company offering sustainable solutions for agriculture and plant-based food, and its subsidiary NTWO OFF Ltd. have achieved a breakthrough in reducing nitrous oxide (“N2O”) emissions. According to the announcement, the company successfully applied its innovative bacterial technology to a corn cultivation in order accomplish the breakthrough, which marks an important advancement in sustainable farming practices and greenhouse-gas reduction. The expansion from wheat to corn cultivation is an important milestone because the United States produced 389.7 million metric tons of corn, which is almost one-third of the global corn production, making the U.S. the largest producer of corn in the world. The company’s technology utilizes bacteria to reduce N2O emissions, a potent greenhouse gas with a global warming potential 310 times greater than CO2. N2Off’s approach has been shown to reduce N2O emissions by 40%–50% in both wheat and corn applications. “We are thrilled to announce that our innovative bacterial technology not only addresses critical environmental challenges, opens new opportunities in sustainable agriculture and enhances our industry competitiveness,” said N2OFF CEO David Palach in the press release. “By reducing N₂O emissions in corn and wheat cultivation, we believe we can make an impact on the environment. With global food crises looming due to increased cultivation of essential crops like wheat and corn, addressing concerns caused by the emission from wheat and corn is imperative. We believe that our technology has the potential to play a pivotal role in mitigating climate damage and promoting sustainable food production.”

N2OFF (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods Inc.), a pioneer agrifood tech company offering sustainable solutions for agriculture and plant-based food, and its subsidiary Save Foods Ltd., have received an initial purchase order from a customer in Peru. Calling this first order “particularly exhilarating, given the remarkable growth of Peruvian agricultural exports on the global stage,” the company noted that the country’s agricultural exports have grown from $645 million in 2000 to approximately $10.5 billion last year. The order came from a leading grower, packer and distributor of avocados. The purchase order was received after the success of Save Food’s first commercial implementation of its solution earlier this year; the company’s proprietary solution is designed to control pathogen contamination and prolong the shelf life of fresh produce while reducing the use of hazardous chemicals. “The Latin American market represents a tremendous opportunity for Save Foods,” said N2OFF CEO David Palach in the press release. “With many countries in the region at the forefront of the global fresh-produce market, we believe our products hold immense potential, whether utilized post- or near harvest.”

N2OFF (NASDAQ: NITO) (FSE: 80W) is a pioneer agri-food tech company offering sustainable solutions for agriculture and plant-based food. As previously announced on March 28, 2024, one of Save Foods Ltd.’s patents has been granted in South Africa. The achievement expands the company’s geographical distribution and emphasizes its ongoing commitment to global food safety and sustainability. “This patent in South Africa marks another milestone in our mission to reduce food waste and ensure food safety worldwide,” said N2OFF’s CEO David Palach. “Our proprietary technology, now recognized in South Africa, strengthens the company’s global impact and the universal need for sustainable food protection solutions.”

N2OFF (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods, Inc.), a pioneering agri-food tech company offering sustainable solutions for agriculture and plant-based food, announced that its subsidiary, NTWO OFF Ltd., has achieved a groundbreaking milestone in its mission to mitigate agriculture’s environmental impact. According to the announcement, a recent study conducted by NTWO OFF Ltd.’s research team has demonstrated remarkable success in its goal of reducing nitrous oxide (“N2O”) emissions from wheat crops. “We are thrilled by the outstanding performance of our innovative bacteria under open greenhouse conditions. The successful transition from the lab to an open greenhouse environment is a leap forward in our efforts to develop solutions for the reduction of N20 emissions in agriculture,” said Dr. Dror Minz of the ARO Volcani Institute and head of the research team.

N2OFF Inc. (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods, Inc.), a pioneer agri-food tech company offering sustainable solutions for agriculture and plant-based food, today announced that its subsidiary Save Foods Ltd. is set to target the California hemp market. This comes on the heels of the California Department of Pesticide Regulation’s recent approval and registered use of Save Foods’ pre-harvest treatment, FieldProtect, based on compliance with provisions of California laws and regulations pertaining to pesticide registration. In previous third-party trials, Save Foods’ proprietary eco crop protection solution demonstrated up to 90% less disease development in cannabis inflorescences compared to untreated plants. Risk of contamination is present at every stage of the cultivation process. Beyond the health of the plant itself, medical patients and adult-use consumers may be adversely affected by microbial contaminants. Pathogen contaminants pose an obvious health risk and product recalls may cost companies millions in lost profit and civil damages.

N2OFF (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods, Inc.), a pioneer agri-food tech company offering sustainable solutions for agriculture and plant-based food, is announcing that its subsidiary, NTWO OFF Ltd., has achieved a groundbreaking milestone. According to the announcement, a recent study conducted by NTWO OFF Ltd.’s research team – which transitioned from growth chambers in the lab to open greenhouse environments, allowing for larger pots and soil volumes – demonstrated remarkable success in its goal of reducing nitrous oxide (“N2O”) emissions from wheat crops. The announcement noted that the results exceeded expectations, with N2O emissions reduced by up to 54% compared to NTWO OFF Ltd.’s previous study methods. NTWO OFF Ltd.’s proprietary technology revolves around two naturally occurring bacteria species isolated from wheat roots. These bacteria have demonstrated the ability to reduce N2O emissions across various environmental conditions. “We are thrilled by the outstanding performance of our innovative bacteria under open greenhouse conditions. The successful transition from the lab to an open greenhouse environment is a leap forward in our efforts to develop solutions for the reduction of N2O emissions in agriculture,” said Dr. Dror Minz of the ARO Volcani Institute and head of the research team.

N2OFF (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods, Inc.), a pioneer agri-food tech company offering sustainable solutions for agriculture and plant-based food, is announcing that its subsidiary Save Foods Ltd. received its first purchase order from a Peruvian customer, a leading grower, packer and distributor of avocado. According to the announcement, Save Food’s eco-friendly solutions can be applied as a near and post-harvest solution for fresh produce to control pathogen contamination and prolong the shelf life of fresh produce while reducing the use of hazardous chemicals. “During the last few years, our customer conducted several post-harvest pilots where hundreds of tons of avocado were protected with Save Foods’ solutions. The purchase order from the Peruvian customer was received after the success of Save Food’s first commercial implementation of its solution during January 2024,” said David Palach, CEO of N2OFF. “The Latin American market represents a tremendous opportunity for Save Foods. With many countries in the region at the forefront of the global fresh produce market, we believe our products hold immense potential, whether utilized post- or near harvest.”

N2OFF (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods Inc.), a pioneer agrifood tech company offering sustainable solutions for agriculture and plant-based food, and its subsidiary NTWO OFF Ltd., are focused on capturing market opportunities with established companies that are wanting to reduce N2O greenhouse-gas emissions in agriculture. As part of that focus, the company is implementing an inset monetizing strategy that includes collaborating with established companies with environmental, social and governance (“ESG”) initiatives. According to the announcement, ARO Vulcani Institute’s Dr. Dror Minz is not aware of any other technologies dedicated to the reduction of N2O greenhouse emission for agriculture. “While N2OFF’s technology is still in development, the company is hopeful about its potential,” said N2OFF CEO David Palach in the press release. “We are excited to initiate an inset strategy, enabling us to approach the market and contribute to emission-reduction efforts in agriculture. By partnering with companies committed to sustainability, we believe we have the potential to play a role in reducing N2O emissions.”

N2OFF (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods Inc.), a pioneer agrifood tech company offering sustainable solutions for agriculture and plant-based food, is reporting that a patent of Save Foods Ltd. has been granted in South Africa. The newly granted patent covers kits and methods for controlling pathogen load within or on the surface of edible plant matter and reflects the company’s focus on food safety and sustainability as it expands its geographical distribution. “This patent in South Africa marks another milestone in our mission to reduce food waste and ensure food safety worldwide,” said N2OFF CEO David Palach in the press release. “Our proprietary technology, now recognized in South Africa, strengthens the company’s global impact and the universal need for sustainable food-protection solutions.”

N2OFF Inc. (NASDAQ: NITO) (FSE: 80W) (formerly known as Save Foods, Inc.), a pioneer agri-food tech company offering sustainable solutions for agriculture and plant-based food, previously announced that the California Department of Pesticide Regulation (“CDPR”) registered for use FieldProtect, Save Foods Ltd.’s pre-harvest treatment, based on its compliance with California laws and regulations pertaining to pesticide registration. According to the update, the approval now extends the use of the product in California from exclusively post-harvest processes to include pre-harvest applications, which significantly broadens Save Foods’ potential market reach. “We believe this marks an important step forward for Save Foods in providing food safety and reducing waste from field to fork, paving the way for its potential commercial expansion in California,” the company stated in the press release.