Beyond Oil Ltd.
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Hap Chan, a Leading Chinese Restaurant Chain in the Philippines, Makes Repeat Order and Adopts Beyond Oil as the Standard in Their Frying Operation
Globenewswire· 2025-11-20 21:05
Core Insights - Beyond Oil Ltd. has achieved a significant commercial milestone with Hap Chan, a leading Chinese restaurant chain in the Philippines, placing a repeat order for its frying solution, indicating strong market acceptance and potential for further expansion [1][2][3] Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, lowering operational costs, minimizing waste, and enhancing sustainability [1][4] - The company has over 15 years of experience and offers patented technology that significantly reduces harmful compounds in frying oil, addressing critical health concerns linked to reused frying oil [4] Partnership with Hap Chan - Hap Chan has adopted Beyond Oil's solution as the standard for its frying operations, leading to measurable improvements in food quality, oil lifespan, operational efficiency, and sustainability [2][3] - Since the initial adoption, Hap Chan has expanded from 80 locations to over 100 nationwide, showcasing the scalability and effectiveness of Beyond Oil's product [3] Market Impact - The partnership reflects a growing trend in the food service industry towards healthier and more sustainable frying practices, with Beyond Oil's technology providing a solution to mitigate health risks associated with reused frying oil [4] - Beyond Oil's product is positioned to address a global issue in the food industry, particularly in environments where frying oil is reused multiple times, such as restaurants and catering services [4]
Beyond Oil to Commence Trading on the Toronto Stock Exchange
Globenewswire· 2025-11-13 13:00
Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, lowering operational costs, minimizing waste, and enhancing sustainability [3] - The company has over 15 years of experience in creating solutions that address critical health concerns and improve sustainability in the food service industry [3] - Beyond Oil's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [3] Recent Developments - Beyond Oil's common shares began trading on the Toronto Stock Exchange (TSX) under the symbol "BOIL" as of November 13, 2025 [1][2] - The CEO, Jonathan Or, emphasized that this uplisting validates the company's innovative approach and positions it well for international expansion and partnerships with leading foodservice brands [2] Industry Impact - The company's technology addresses the widespread practice of reusing frying oil, which poses health risks linked to cancer and cardiovascular diseases [3] - Beyond Oil's solution not only mitigates health risks but also offers benefits such as improved food quality, operational cost savings, and reduced environmental impact [3]
Beyond Oil Receives Final Approval for Uplisting to the Toronto Stock Exchange
Globenewswire· 2025-11-06 21:05
Core Insights - Beyond Oil Ltd. has received final approval for uplisting its common shares to the Toronto Stock Exchange (TSX), with trading expected to commence on November 13, 2025 [1][2] - The company aims to enhance visibility and access to institutional capital, which will support its growth strategy and mission to set a global standard in frying operations [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 [3] - The company has over 15 years of experience and has developed patented technology that significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused frying oil [3] - Beyond Oil's solutions are particularly relevant in various food service settings, including restaurants, hotels, and institutions, where the reuse of frying oil is common [3] - The product is backed by extensive research highlighting its effectiveness in mitigating health risks, including links to cancer and cardiovascular diseases, while also improving food quality and reducing environmental impact [3]
West Coast Reduction Expands Canadian Rollout of Beyond Oil with Major US$405K Product Order
Globenewswire· 2025-09-30 12:00
Core Insights - Beyond Oil Ltd. has announced a significant purchase order valued at approximately US$405,000, marking a major advancement in its partnership with West Coast Reduction Ltd. [1][4] - The order follows successful pilot programs that demonstrated Beyond Oil's patented solution improves food quality, extends oil life, and reduces environmental impact [2][3]. Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food while enhancing sustainability and food quality [1][5]. - The company's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [5]. - Beyond Oil addresses critical health concerns linked to the reuse of frying oil, which is common in various food service operations [5]. Partnership and Market Expansion - West Coast Reduction Ltd. has been the Canadian distributor for Beyond Oil since last year, successfully introducing the product to early adopters [3]. - Over 90% of customers who conducted proof of concept have implemented Beyond Oil's solution, confirming its effectiveness [3]. - WCRL is expanding its sales and customer support teams to facilitate broader adoption of Beyond Oil's products across its customer base [3]. Customer Feedback and Impact - The Redux™ Program by WCRL has received positive feedback from customers, highlighting benefits such as healthier fried food, improved quality, and cost savings [4]. - The recent purchase order reflects WCRL's confidence in Beyond Oil's product and its potential to extend benefits to more customers [4]. Industry Context - WCRL plays a significant role in Western Canada's agriculture and food sectors, focusing on recycling used cooking oil and other food processing remnants [6]. - The company has been a long-time supporter of Canada's agriculture and food industries, transforming waste into valuable resources [6][7].
Beyond Oil Announces First Distribution Agreement in Vietnam
Globenewswire· 2025-09-29 12:00
Core Insights - Beyond Oil Ltd. has entered the Vietnamese market through a distribution agreement with Trang Anh Manufacturing and Trading Co., Ltd., marking its first commercial presence in Vietnam [2][3] - The agreement includes an initial order of 10,800 kg of product, with a five-year term, aimed at introducing Beyond Oil's filtration solutions to Vietnam's food service sector [2][3] 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 [5] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil in various food service environments [5] Market Opportunity - Vietnam is identified as a significant opportunity for Beyond Oil, particularly within its thriving restaurant industry [3] - The partnership with Trang Anh aims to leverage their extensive distribution network to integrate Beyond Oil's solutions into high-demand environments, such as industrial kitchens and large-scale food manufacturers [3][4]
Beyond Oil Appoints Michael Nemirow as President, North America
Globenewswire· 2025-09-22 12:30
Core Insights - Beyond Oil Ltd. has appointed Michael Nemirow as President of North America to accelerate growth and scale operations in the region [1][2][3] - The company aims to enhance its market presence in North America, particularly the U.S., which is identified as a strategic growth market [2][3] - Nemirow's previous experience as a Strategic Advisor has been pivotal in shaping the company's North American go-to-market strategy [2][3] Company Strategy - The appointment of Nemirow reflects a sharpened focus on commercial activities, including sales, customer success, and distributor partnerships in North America [2] - Beyond Oil is already serving paying customers across the U.S. and has established a dedicated team for sales and customer success [3] - The company has launched pilot programs with prominent foodservice brands and secured a strategic partnership with West Coast Reduction Ltd. to enhance its commercial presence [2][3] Leadership and Experience - Michael Nemirow brings extensive experience from various sectors, including distribution and manufacturing, and has a proven track record in scaling businesses [4] - His leadership at Greenstar Plant Products, Inc. involved transforming the company and establishing it as a recognized manufacturer in the plant nutrients sector [4] - Nemirow's understanding of the company's product and market potential is expected to drive significant growth in North America [3][4] Company Overview - Beyond Oil Ltd. focuses on food-tech innovations aimed at reducing health risks associated with fried food while improving sustainability and reducing operational costs [7] - The company's patented technology addresses health concerns related to reused frying oil, which is prevalent in the food industry [7] - Beyond Oil's solutions are backed by extensive research highlighting their benefits in mitigating health risks and improving food quality [7]
Beyond Oil to Participate at the Sidoti Small Cap Conference
Globenewswire· 2025-09-15 20:05
Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food while lowering operational costs and enhancing sustainability [3] - The company has over 15 years of experience in creating solutions that mitigate health risks, reduce costs for food service companies, and improve sustainability [3] - Beyond Oil's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [3] Industry Context - The company addresses a global issue in the food industry related to the widespread practice of reusing frying oil for hundreds of cycles, which is common in various food service settings [3] - The practice of reusing frying oil is linked to critical health concerns, including cancer and cardiovascular diseases, highlighting the importance of Beyond Oil's solutions [3] Upcoming Events - Management will participate in the Sidoti Small Cap Conference on September 17-18, 2025, and will present virtually on September 18 at approximately 8:30 a.m. Eastern Time [1][2] - A live webcast of the presentation will be available on the company's Investor Relations website [2]
Beyond Oil Announces Exclusive Distribution Agreements in Four European Countries with Pilpel Hungary Kft.
Globenewswire· 2025-09-04 12:00
Core Insights - Pilpel Hungary Kft. has become the exclusive distributor of Beyond Oil's products in Hungary, Austria, the Czech Republic, and Slovakia, with an initial order of 10,800 kg [1][3]. Distribution Agreements - The exclusive distribution rights are effective from September 4, 2025, for an initial term of five years, with automatic renewal options based on minimum purchase requirements [2]. - Pilpel is required to purchase a minimum of 75,600 kg in 2026, with increasing volume commitments throughout the agreement to maintain exclusivity [3]. - An annual royalty of 5% on total sales of Beyond Oil products to end users in the Territories will be paid by Pilpel to Beyond Oil [3]. Leadership and Operations - Pilpel has appointed a dedicated leadership team to manage the partnership, leveraging its established sales organization and logistics network to introduce Beyond Oil products [4]. - Pilpel currently supplies over 1,000 foodservice accounts in Hungary and is expanding operations across Central Europe [4]. Strategic Alignment - The partnership reflects Beyond Oil's strategy to align with exclusive partners capable of delivering sustainable long-term growth in Europe [5]. - Beyond Oil's CEO emphasized the validation of their technology and value proposition through this partnership with a leading European culinary company [6]. Company Background - Pilpel Hungary Kft. is a prominent culinary and food distribution company in Europe, offering a wide range of high-quality products [9]. - Beyond Oil Ltd. focuses on food-tech innovations aimed at reducing health risks associated with frying oil, with regulatory clearances from the FDA and Health Canada [10].
Beyond Oil Reports Financial Results for the Second Quarter of 2025
Globenewswire· 2025-09-02 12:00
Core Insights - Beyond Oil Ltd. reported a revenue increase of over 30 times compared to Q2 2024, driven by strong demand following its global launch in early 2025 [2][3] - The company's gross margin improved to 56.3%, up from 45.7% in the same period last year, indicating enhanced operational efficiency [3][5] - Net loss decreased by 43% year-over-year, with comprehensive loss down by 91%, reflecting better market adoption and operational improvements [3][5] Financial Performance - Revenue for Q2 2025 reached $1.1 million, compared to $35 thousand in Q2 2024 and $1.0 million in Q1 2025, showcasing ongoing commercial expansion [5] - Gross profit increased to $615 thousand in Q2 2025, a significant rise from $16 thousand in Q2 2024, with a gross profit margin of 56.3% [5] - Cash position strengthened to $12.9 million as of June 30, 2025, compared to $4.5 million at the end of Q1 2025 [5] Business Strategy - The company emphasizes building sustainable, long-term partnerships rather than pursuing short-term gains, which is expected to yield recurring revenue [3] - Significant investments are being made in sales and marketing initiatives in new territories to drive future growth [4] - The company is in advanced discussions with major food brands for strategic partnerships, which are anticipated to enhance its market presence [3] Recent Developments - Beyond Oil received conditional listing approval from the Toronto Stock Exchange for uplisting its common shares [9] - The company secured a supplier agreement with Sodexo Israel, expanding its reach in the catering services sector [9] - A new VP of Global Strategy was appointed to enhance international partnerships and accelerate global growth initiatives [9]
Beyond Oil Announces Conditional Approval of Uplisting to the Toronto Stock Exchange
Globenewswire· 2025-08-25 12:00
Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food while enhancing sustainability and lowering operational costs [4] - The company has over 15 years of experience in creating solutions that mitigate health risks, improve sustainability, and reduce costs for food service companies [4] - Beyond Oil's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [4] Recent Developments - Beyond Oil has received conditional approval from the Toronto Stock Exchange (TSX) for the uplisting of its common shares, which is seen as a significant milestone for the company [1][2] - The uplisting is expected to enhance access to institutional investors and capital markets, supporting the company's global expansion efforts [2] - Final approval of the listing is contingent upon the company meeting all TSX requirements, and the common shares will be delisted from the Canadian Securities Exchange upon completion [3] Market Position and Strategy - Beyond Oil aims to establish its technology as the global standard in frying operations, addressing critical health concerns linked to the reuse of frying oil [2][4] - The company is positioned to drive widespread adoption of its technology across influential foodservice brands globally [2] - Beyond Oil's solutions tackle a global issue in the food industry, particularly the practice of reusing frying oil, which is common in various food service settings [4]