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Sodexo Israel, a Leader in Catering and Facility Management for Organizations and Companies, is Rolling out Beyond Oil’s Patented Solution at its Premier Catering Sites
Globenewswire· 2025-07-28 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 [6] - The company has over 15 years of experience and its patented technology has received regulatory clearances from the FDA and Health Canada [6] - Beyond Oil's solution addresses the widespread practice of reusing frying oil, which poses health risks linked to cancer and cardiovascular diseases [6] Partnership with Sodexo - Sodexo Israel has selected Beyond Oil as its new supplier after a successful pilot program, expanding the use of Beyond Oil's patented filter powder across its catering network [1][4] - The partnership aligns with Sodexo's commitment to social and environmental responsibility, aiming to reduce its ecological footprint while improving food quality [3] - Sodexo Israel utilizes approximately 400,000 liters of frying oil annually, with initial pilot results showing improved food quality and reduced oil consumption [4] Product Benefits - Beyond Oil's filter powder is a proprietary formulation that significantly reduces contaminants produced during frying, enhancing food quality and extending oil life [2] - The product targets harmful compounds such as free fatty acids, trans fats, and polycyclic aromatic hydrocarbons, thereby lowering toxic emissions in kitchen fumes [2] - The implementation of this technology has led to high satisfaction levels among kitchen teams and diners [4]
Sodexo Israel, a Leader in Catering and Facility Management for Organizations and Companies, is Rolling out Beyond Oil's Patented Solution at its Premier Catering Sites
GlobeNewswire News Room· 2025-07-28 13:00
Company Overview - Sodexo Israel is the largest provider of catering and building-maintenance services in the country, employing 1,800 professionals and serving clients such as CAL, Isracard, and the Ministry of Defense [5] - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, improving sustainability, and lowering operational costs [6] Partnership Announcement - Sodexo Israel has selected Beyond Oil as its new supplier of choice after a successful pilot program at several key locations, expanding the use of Beyond Oil's patented filter powder across its catering network [1][4] - The partnership aligns with Sodexo's global strategy to enhance food quality and reduce its ecological footprint [3] Product Benefits - Beyond Oil's filter powder significantly reduces contaminants produced during frying, improving food quality, extending oil life, and lowering toxic emissions [2] - Initial pilot results indicated improved food quality, reduced oil consumption, and high satisfaction levels among kitchen teams and diners [4] Market Impact - Sodexo Israel uses approximately 400,000 liters of frying oil annually, indicating a substantial market for Beyond Oil's technology [4] - Beyond Oil's solution addresses critical health concerns related to the reuse of frying oil, which is common in various food service settings [6]
Beyond Oil Announces Voting Results of Annual and Special Meeting of Shareholders
Globenewswire· 2025-07-21 12:00
Core Insights - Beyond Oil Ltd. is focused on food-tech innovations aimed at reducing health risks associated with fried food while enhancing sustainability and operational efficiency [1][3] - The company held its annual and special meeting on July 18, 2025, where 35.07% of outstanding shares were represented, and all items of business were approved by shareholders [1][2] Company Developments - The company has appointed Yaffa Brizinov to its board of directors, who brings extensive experience in enterprise IT and digital transformation [2] - Beyond Oil has applied to uplist its shares on the Toronto Stock Exchange and will provide updates as they become available [2] Technology and Market Position - Beyond Oil's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused frying oil, which is common in various food service settings [3] - The company's solutions aim to mitigate health risks associated with reused oil, which has been linked to cancer and cardiovascular diseases, while also improving food quality and reducing operational costs [3]
Beyond Oil Strengthens Leadership with the Addition of Giora BarDea, Former CEO of Strauss Group
Globenewswire· 2025-07-09 12:30
Core Insights - Beyond Oil Ltd. has appointed Giora BarDea as VP of Global Strategy to enhance its global growth strategy in the foodservice and food industries [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][5] - The company has developed patented technology that significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil [5] Leadership Appointment - Giora BarDea brings over 30 years of leadership experience in the food and beverage industry, including significant roles at Strauss Group, where he expanded its global footprint [2][4] - His appointment is expected to strengthen Beyond Oil's leadership team and support its ambitious growth strategy [2][3] Strategic Focus - In his new role, BarDea will concentrate on long-term strategic planning, expanding international partnerships, and strengthening the distribution network [1][2] - The company aims to scale its impact across the global food sector by leveraging BarDea's expertise in operational efficiency and sustainability [3][4]
Beyond Oil Announces Publication of Expert Medical Opinion by Prof. Ilan Ron, Specialist in Clinical and Radiation Oncology, Regarding the Risks Associated with Exposure to Frying Oils as Contributors to Neoplastic Mutations in Body Tissue
GlobeNewswire News Room· 2025-06-18 12:30
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 [5][7] - The company has developed patented technology that significantly reduces harmful compounds in frying oil, addressing critical health concerns [5][7] Health Risks and Findings - A Medical Opinion by Professor Dr. Ilan Ron highlights the health risks from repeated use of frying oil, including the formation of hazardous chemical byproducts with mutagenic and carcinogenic potential [1][3] - The Medical Opinion establishes a clear association between the consumption of heated oils and increased incidence of various cancers, particularly colorectal, liver, pancreatic, lung, and breast cancers [1][3] - Acrylamide (AA), a hazardous compound formed during frying, is linked to gastrointestinal inflammation, neurotoxicity, and carcinogenesis [2][3] Product Efficacy - Controlled experiments demonstrated that Beyond Oil's product effectively reduces harmful compounds in frying oil, maintaining quality close to fresh oil even after 22 to 51 days of use [3][6] - Key findings from the experiments include low levels of free fatty acids (FFA), significant reduction in carcinogens such as PAHs and AA, and stable oxidation and polymerization indicators [6][7] Recommendations and Implications - The Medical Opinion suggests integrating Beyond Oil's technology as a preventive measure in high-risk settings like schools, hospitals, and industrial kitchens, and promoting public health policies to limit the use of unfiltered reheated oils [4][7] - The endorsement from a leading oncologist underscores the significant health risks associated with reused frying oils and the need for innovative solutions like those offered by Beyond Oil [4][8]
Beyond Oil Announces Publication of Expert Medical Opinion by Prof. Ilan Ron, Specialist in Clinical and Radiation Oncology, Regarding the Risks Associated with Exposure to Frying Oils as Contributors to Neoplastic Mutations in Body Tissue
Globenewswire· 2025-06-18 12:30
Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried foods while enhancing sustainability and lowering operational costs [6][7] - The company has developed patented technology that significantly reduces harmful compounds in frying oil, addressing critical health concerns related to reused frying oil [7] Health Risks and Findings - A Medical Opinion by Professor Dr. Ilan Ron highlights the health risks associated with repeated use of frying oil, including the formation of hazardous chemical byproducts that can lead to various cancers, particularly gastrointestinal cancers [2][4] - The Medical Opinion specifically identifies acrylamide as a hazardous compound formed during frying, which has the potential to cause gastrointestinal inflammation and carcinogenesis [3][4] - Controlled experiments demonstrated that Beyond Oil's product effectively preserves critical parameters in frying oil, such as total polar materials (TPM), free fatty acids (FFA), acrylamide (AA), polycyclic aromatic hydrocarbons (PAHs), and oxidation levels, even after multiple frying cycles [5][6] Recommendations and Implications - The findings suggest a strong rationale for integrating Beyond Oil's technology in high-risk settings, such as schools, hospitals, and industrial kitchens, to mitigate exposure to carcinogens [5] - The company aims to improve global food safety and enhance the well-being of consumers and kitchen workers by addressing the health hazards associated with reused frying oils [5][6]
Beyond Oil Engages ICR for Strategic Communications
Globenewswire· 2025-06-04 12:30
Core Insights - Beyond Oil Ltd. has engaged ICR, Inc. to enhance its investor relations and corporate communications in North America, reflecting the company's accelerating commercial momentum [1][5] - The agreement with ICR includes a monthly retainer of US$15,000 for a 12-month term, focusing on developing an annual investor relations plan and managing corporate communications [3] - Additionally, Beyond Oil has partnered with Gotlive Investor Relations Consulting for investor relations services in Israel, with a monthly retainer of 10,000 New Israeli Shekels [4][5] Company Overview - Beyond Oil Ltd. is a food-tech innovation company dedicated to reducing health risks associated with fried food while improving sustainability and lowering operational costs [1][6] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil, which is common in various food service settings [6] - Beyond Oil's solutions aim to mitigate health risks, improve food quality, and reduce environmental impact, supported by extensive research [6]
Beyond Oil Issues Clarification Regarding Previous German-Language Media Activities
Globenewswire· 2025-06-03 20:30
Core Viewpoint - Beyond Oil Ltd. has clarified its promotional activities in response to a review by the British Columbia Securities Commission, emphasizing its commitment to oversight and compliance in future marketing efforts [1][3][5]. Promotional Activities - German-language promotional materials referencing Beyond Oil were published by BullVestor Medien GmbH from January 2025 until May 8, 2025 [2]. - The content was removed due to concerns about its overly promotional nature and lack of company oversight [3]. Company Response - Beyond Oil has implemented additional internal controls and policies to ensure proper oversight of future promotional activities, whether conducted directly or through third parties [4]. - The company cooperated fully with the BCSC review and disclosed that the Media Provider received approximately EUR250,000 for media-buying and related services [5]. Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on creating solutions to mitigate health risks, improve sustainability, and reduce costs for food service companies [6]. - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused frying oil, which is common in various food service settings [6]. - Beyond Oil's product aims to improve food quality, operational cost savings, and reduce environmental impact while tackling critical health risks associated with reused oil [6].
Beyond Oil Announces Exclusive Distribution Agreement in Mexico with Baruchi Global Capital
Globenewswire· 2025-05-29 12:30
Core Points - Beyond Oil Ltd. has signed an exclusive distribution agreement with Baruchi Global Capital for its proprietary oil filtration product in Mexico, securing a licensing fee revenue of US$150,000 for 2025-2026 and an initial product order of 10.8 tonnes [1][2][3] Group 1: Agreement Details - The agreement, effective for five years, grants Baruchi Global Capital exclusive rights to market and sell Beyond Oil's product to local restaurants, hotels, and catering companies in Mexico [2] - Baruchi Global Capital has committed to a total licensing fee of US$150,000 for the years 2025 and 2026, with structured provisions for annual fees in subsequent years [2] - The initial order of 10.8 tonnes has already been placed and payment has been received by Beyond Oil [2] Group 2: Strategic Importance - The expansion into Mexico is viewed as a significant milestone in Beyond Oil's global growth strategy, leveraging Mexico's vibrant food service industry [3] - Baruchi Global Capital is seen as a strong partner due to its extensive resources and commitment to sustainability and strategic growth in the Mexican market [3] Group 3: Company Background - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food while enhancing sustainability and reducing operational costs [4] - The company's patented technology addresses health concerns related to the reuse of frying oil, which is common in various food service settings [4] - Beyond Oil's product aims to mitigate health risks linked to reused oil, offering benefits such as improved food quality and reduced environmental impact [4] Group 4: Baruchi Global Capital Overview - Baruchi Global Capital specializes in consumer goods distribution, operating in wholesale and e-commerce channels [5] - The company focuses on operational efficiency and strategic business relationships to deliver value to its clients [5]
Beyond Oil Reports Financial Results for the First Quarter of 2025
Globenewswire· 2025-05-28 12:30
Core Insights - The first quarter of 2025 for Beyond Oil Ltd. saw record revenues of US$1.01 million, marking a 660% year-over-year growth and 216% sequential growth from Q4 2024, driven by global commercialization efforts and market adoption [2][4]. Financial Highlights - Revenue increased to $1.01 million in Q1 2025 from $0.13 million in Q1 2024, and $0.32 million in Q4 2024, surpassing the total revenue for the entire financial year 2024 [4]. - Gross profit rose to $513 thousand in Q1 2025, a 1176% increase from $41 thousand in Q1 2024, and a 266% increase from $140 thousand in Q4 2024 [4]. - Cash position improved to $4.49 million as of March 31, 2025, a 24% increase from $3.62 million as of December 31, 2024 [4]. - Operating expenses were $2.21 million in Q1 2025, up from $0.75 million in Q1 2024, reflecting strategic investments in global expansion and marketing [4]. - Net loss for Q1 2025 was $11.01 million, compared to $0.71 million in Q1 2024, primarily due to non-cash expenses [4]. Strategic Developments - The company announced a C$10.64 million private placement led by Clal Insurance, aimed at supporting growth initiatives, which was completed in Q2 2025 [4]. - Approximately C$7.2 million was raised through warrant exercises, indicating strong investor confidence [4]. - A Master Distribution Agreement was executed with Latitude Ltd. for the U.S. market, with initial shipments already completed [5][4]. Market Expansion - Beyond Oil expanded its distribution network in Europe with new agreements in multiple countries including the Netherlands, France, Spain, Hungary, Belgium, Portugal, Sweden, and Greece [8]. - The company entered into a five-year distribution agreement in Australia and a distribution agreement in India, further enhancing its global market presence [8].