Beyond Oil Announces Start of Commercialization of India Distribution Agreement; First Payment Received

Core Insights - Beyond Oil Ltd. has successfully completed its first order under a five-year distribution agreement with Deep Frying Solutions Pvt Ltd for the Indian market, receiving full payment for an initial shipment of 6 tonnes [1][2][3] - The total estimated contract value for the five-year agreement is approximately $9.58 million USD, which includes the purchase of around 57 containers [2] Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, improving sustainability, and lowering operational costs [4] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to the reuse of frying oil in various food service settings [4] - Beyond Oil's solutions are backed by extensive research highlighting their effectiveness in mitigating health risks, including links to cancer and cardiovascular diseases, while also improving food quality and reducing environmental impact [4]