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]
N2OFF: Save Foods Ltd. (100%) Wins Patent Opposition Filed by ECOLAB in Europe