Core Viewpoint - N2OFF, Inc. announced a favorable outcome for its subsidiary Save Foods Ltd. regarding a European patent dispute with ECOLAB Inc., which could enhance Save Foods' market position and align with EU pesticide reduction goals [1][4]. Company Summary - N2OFF, Inc. is a clean tech company focused on sustainable energy and agri-tech solutions, with a subsidiary Save Foods Ltd. that specializes in post-harvest treatments to improve food safety and reduce waste [5][6]. - Save Foods' technology utilizes a specific performic acid composition to protect edible matter, significantly extending the shelf life of fresh produce while reducing hazardous pesticide use by at least 50% [2][6]. Market Potential - The European market for crop protection pesticides was valued at 27.73 billion USD in 2021, with a forecasted increase to 31.6 billion USD by 2026, indicating a substantial target market for Save Foods' solutions [3]. Strategic Importance - The favorable patent decision is expected to strengthen Save Foods' negotiating position with global companies, showcasing the unique value of its technology [4]. - The achievement aligns with the EU's regulatory goals to reduce pesticide use, positioning Save Foods as a provider of sustainable agricultural solutions [4].
N2OFF: Save Foods Ltd. (100%) Wins Patent Opposition Filed by ECOLAB in Europe