Core Insights - N2OFF is committed to invest up to €4.4 million in renewable energy projects in Germany and Italy, targeting a total capacity of over 300 MW [1] - The company has entered into a definitive agreement with Solterra Renewable Energy Ltd. to acquire two Battery Storage systems in Sicily, Italy, each with a capacity of 98MWp/392MWh [1][2] - N2OFF will hold a 70% ownership stake in these projects, marking a significant entry into the European energy storage market [2] Investment Details - The total investment for the projects is up to €2.3 million, structured in milestone payments [2] - The projects are part of a broader joint venture with Solterra, focusing on solar and energy storage initiatives to meet the growing demand for energy storage solutions [3] Market Context - The demand for energy storage is increasing as more renewable projects come online, which is essential for grid flexibility [4] - Italy's MACSE scheme aims to conduct energy storage capacity auctions in the first half of 2025, offering 15-year contracts to support the development of storage projects [4] Project Development - The two BESS projects have received connection capacity approval from Terna SpA, the Italian transmission company, and are expected to reach a Ready-to-Build stage within 18-24 months [5]

Core Insights - N2OFF, Inc. has established a new wholly-owned subsidiary, NITO Renewable Energy, Inc., to consolidate its solar operations in the U.S. [1] - The company is currently involved in three projects across two European countries, Germany and Italy [2]. Group 1: Project Developments - In Germany, a joint venture is developing a 111 MWp solar photovoltaic project in Melz, which has received municipal approval and an indicative grid connection solution that exceeds initial requirements by approximately 10% [3]. - In Italy, N2OFF and Solterra's subsidiary have finalized an agreement to develop two Battery Energy Storage Systems in Sicily, each with a capacity of 98 MWp/392 MWh, with a development timeline of 18-24 months to reach a Ready-to-Build stage [4]. - N2OFF and Solterra Energy Ltd. are collaborating to co-develop the solar PV market in Albania [5]. Group 2: Company Overview - N2OFF, Inc. focuses on sustainable energy solutions and agri-tech innovations, aiming to reduce greenhouse gas emissions and promote environmentally friendly agricultural practices [5]. - The company has a majority-owned Israeli subsidiary, NTWO OFF Ltd., which addresses nitrous oxide emissions, and a minority stake in Plantify Foods, Inc., a Canadian company offering clean-label food options [5].

Core Viewpoint - N2OFF, Inc. has established a new wholly-owned subsidiary, NITO Renewable Energy, Inc., to consolidate its solar operations and focus on future solar photovoltaic (PV) activities [1] Group 1: Company Developments - N2OFF is currently invested in three projects across two European countries [2] - In Germany, a joint venture is developing a 111 MWp solar PV project in Melz, which has secured municipal approval and an indicative grid connection solution, exceeding initial requirements by approximately 10% [3] - In Italy, N2OFF and Solterra's subsidiary have closed a definitive agreement to develop two Battery Energy Storage Systems (BESS) in Sicily, each with a capacity of 98 MWp/392 MWh, with development expected to take 18-24 months [4] - N2OFF and Solterra Energy Ltd. are collaborating to co-develop the solar PV market in Albania [5] Group 2: Company Background - N2OFF, Inc. is a clean tech company focused on sustainable energy solutions and agri-tech innovation, aiming to reduce greenhouse gas emissions and promote environmentally friendly agricultural practices [6] - The company has entered the solar PV market and is providing funding for a current project with a total capacity of 111 MWp, along with potential future projects [6]

Core Viewpoint - N2OFF, Inc. has entered into a definitive agreement to acquire MitoCareX Bio Ltd., a biotech company focused on cancer therapeutics, which will enhance N2OFF's portfolio in sustainable solutions and innovation in agri-tech and clean technology [1][2]. Group 1: Acquisition Details - N2OFF will acquire full ownership of MitoCareX by purchasing 4,961 shares for $700,000 and exchanging additional shares for 40% of N2OFF's fully diluted capital stock [2]. - The Sellers will receive 30% of N2OFF's financing proceeds, capped at $1.6 million, for five years following the acquisition [2]. - The agreement includes milestone-based issuances of up to 25% of N2OFF's common stock, calculated on a fully diluted basis [3]. Group 2: MitoCareX Overview - MitoCareX specializes in developing novel therapies for hard-to-treat cancers by targeting the mitochondrial SLC25 protein family [4]. - The company utilizes advanced 3D comparative modeling and in-vitro screening systems to identify and validate anti-cancer small molecule therapeutics [4]. - The global Cancer Therapeutics and Biotherapeutics market is projected to grow from $194.1 billion in 2024 to $344.1 billion by 2031, indicating significant market potential for MitoCareX's innovations [4]. Group 3: Financial Commitment - N2OFF is committed to financially support MitoCareX's operations with an initial cash investment of $1,000,000 during the first two years post-acquisition [5]. - The board of MitoCareX will be reconstituted with appointees from N2OFF upon closing of the transaction [2][5]. Group 4: Company Background - N2OFF, Inc. focuses on sustainable solutions for energy and agri-tech, including greenhouse gas emissions reduction and solar energy projects [7]. - The company has recently entered the solar PV market and is involved in projects with a total capacity of 111 MWp [7].

Core Insights - N2OFF is committed to investing up to €4.4 million in renewable energy projects in Germany and Italy, targeting a total capacity of over 300 MW [1] - The company has entered into a definitive agreement with Solterra Renewable Energy Ltd's subsidiary for the purchase and development of two Battery Energy Storage Systems (BESS) in Sicily, Italy, each with a capacity of 98 MWp/392 MWh [1][2] - N2OFF will hold a 70% ownership stake in these projects, marking a significant entry into the European energy storage market [2] Investment Details - The total investment for the two BESS projects is up to €2.3 million, to be disbursed in milestones [2] - The projects have received approval for connection capacity from Terna SpA, the Italian transmission company, and are expected to reach a Ready-to-Build stage within 18-24 months [5] Market Context - The collaboration between N2OFF and Solterra Renewable Energy Ltd. is part of a broader joint venture focusing on solar and energy storage initiatives, aimed at advancing renewable energy adoption [3] - The energy storage market is increasingly in demand as more renewable projects come online, which is crucial for grid flexibility [4] - Italy's MACSE scheme plans to conduct its first energy storage capacity auctions in the first half of 2025, offering 15-year contracts to support the development of storage projects [4]

Core Insights - N2OFF is committed to investing up to €4.4 million in renewable energy projects in Germany and Italy, targeting a total capacity of over 300 MW [1] - The company has entered into a definitive agreement with Solterra Renewable Energy Ltd. for the purchase and development of two Battery Energy Storage Systems (BESS) in Sicily, Italy, each with a capacity of 98 MWp/392 MWh [1][2] - N2OFF will hold a 70% ownership stake in these projects, marking a significant entry into the European energy storage market [2] Investment Details - The total investment for the BESS projects is up to €2.3 million, to be disbursed in milestones [2] - The projects have received approval for connection capacity from Terna SpA, the Italian transmission company, and are expected to reach a Ready-to-Build stage within 18-24 months [5] Market Context - The collaboration with Solterra Renewable Energy Ltd. is part of a broader joint venture focusing on solar and energy storage initiatives, reflecting a shared vision to advance renewable energy adoption [3] - The energy storage market is increasingly crucial for grid flexibility, with a report indicating that as storage capacity surpasses 0.5% of grid capacity, demand for longer-term storage projects is expected to rise [4] - Italy's MACSE scheme aims to incentivize energy storage project development through 15-year contracts, with the first capacity auctions planned for the first half of 2025 [4]

Core Insights - N2OFF, Inc. has signed a binding term sheet with Solterra Energy Ltd. to collaborate on renewable energy projects in Albania, focusing on solar energy and battery storage for one year [1][3] - A trilateral agreement between Italy, Albania, and the UAE aims to develop renewable energy projects in Albania, with an estimated value of approximately €1 billion [2] - N2OFF and Solterra are also advancing renewable energy infrastructure projects in Germany and Italy, highlighting their commitment to the sector [3] Summary by Category Collaboration and Agreements - The collaboration between N2OFF and Solterra is driven by successful joint projects in Germany and Italy, following a clean energy cooperation agreement among Italy, Albania, and the UAE [1][2] - The agreement allows both companies to present potential projects through local relationships, with Solterra conducting feasibility analyses [1] Project Developments - In Germany, a joint venture is developing a 111 MWp solar photovoltaic project in Melz, which has received municipal approval and an indicative grid connection solution [4] - In Italy, N2OFF and Solterra's subsidiary have signed a Letter of Intent to develop two Battery Energy Storage Systems in Sicily, each with a capacity of 98 MWp/392 MWh, expected to reach a Ready-to-Build stage in 18-24 months [5] Market Context - Albania has increased its renewable energy capacity by approximately 500 MW over the last two years, indicating a growing focus on clean energy solutions [2] - The UAE will utilize its expertise to produce clean energy in Albania, with part of the generated power transmitted to Italy via an underwater cable [2]

Core Insights - N2OFF, Inc. has signed a binding term sheet with Solterra Energy Ltd. to collaborate on renewable energy projects in Albania, focusing on solar energy and battery storage for one year [1][3] - A trilateral agreement between Italy, Albania, and the UAE aims to develop renewable energy projects in Albania, with an estimated value of approximately €1 billion [2] - N2OFF and Solterra are advancing renewable energy infrastructure in Europe through significant projects in Germany and Italy [3] Group 1: Project Developments - In Germany, a joint venture is developing a 111 MWp solar photovoltaic project in Melz, which has secured municipal approval and an indicative grid connection solution [4] - In Italy, N2OFF and Solterra's subsidiary have signed a Letter of Intent to develop two Battery Energy Storage Systems in Sicily, each with a capacity of 98 MWp/392 MWh, expected to reach a Ready-to-Build stage in 18-24 months [5] Group 2: Strategic Collaborations - The collaboration between N2OFF and Solterra is driven by successful fast-tracking of joint projects in Germany and Italy, highlighting their commitment to renewable energy [1][3] - The agreement includes conditions such as mutual agreement on development and financing terms, corporate approvals, and compliance with applicable laws [6]

Core Insights - N2OFF, Inc. has signed a binding term sheet with Solterra Energy Ltd. to collaborate on renewable energy projects in Albania, focusing on solar energy and battery storage for one year [1] - A trilateral agreement between Italy, Albania, and the UAE aims to develop renewable energy projects in Albania, with an estimated value of approximately €1 billion [2] - N2OFF and Solterra are advancing renewable energy infrastructure in Europe through significant projects in Germany and Italy [3] Group 1: Collaboration and Agreements - The collaboration between N2OFF and Solterra will involve presenting potential projects and conducting feasibility analyses, with Solterra managing project development and N2OFF overseeing financing [1][6] - The trilateral agreement includes the UAE leveraging its expertise to produce clean energy in Albania, with power transmission to Italy via an underwater cable [2] Group 2: Project Developments - In Germany, a joint venture is developing a 111 MWp solar photovoltaic project in Melz, which has received municipal approval and an indicative grid connection solution [4] - In Italy, N2OFF and Solterra's subsidiary have signed a Letter of Intent to develop two Battery Energy Storage Systems in Sicily, each with a capacity of 98 MWp/392 MWh, expected to reach a Ready-to-Build stage in 18-24 months [5] Group 3: Company Background - N2OFF, Inc. focuses on sustainable energy solutions and aims to tackle greenhouse gas emissions, with a recent entry into the solar PV market [7] - The company also has a minority ownership in Plantify Foods, Inc., which offers clean-label healthy food options [7]

Company Overview - N2OFF, Inc. is a clean tech company focused on sustainable solutions for energy and agri-tech innovation [1][6] - Save Foods Ltd., a subsidiary of N2OFF, specializes in post-harvest treatments to enhance food safety and reduce waste [5][6] Patent and Legal Developments - Save Foods has successfully concluded opposition to its European patent EP2615932 against ECOLAB Inc., with the decision favoring Save Foods [1][4] - ECOLAB has the right to appeal this decision by April 9, 2025 [1] Technology and Market Potential - The European patent covers a method for protecting edible matter using a specific performic acid composition, which is integral to Save Foods' technology [2] - Save Foods' solutions can extend the shelf life of fresh produce while reducing hazardous pesticide use by at least 50% [2] - The European market for crop protection pesticides was valued at 27.73 billion USD in 2021, with a forecast of 31.6 billion USD by 2026, indicating significant market potential for Save Foods [3] Strategic Implications - The favorable patent outcome is expected to strengthen Save Foods' position in negotiations with global companies, showcasing the unique value of its technology [4] - This development aligns with the EU's goals to reduce pesticide use in agriculture, presenting a sustainable solution to meet regulatory standards [4]