Food - Tech Innovation

Search documents
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 Receives an Additional C$4.5 Million Through Warrant Exercises; Provides an Update on RBI Supplier Approval & US Team Expansion
Globenewswire· 2025-05-01 20:30
Core Insights - Beyond Oil Ltd. has successfully raised C$4,497,304.66 from the exercise of 3,399,271 warrants, indicating strong investor confidence and financial support for its global growth strategy [1][2][3] Financial Performance - The proceeds from the warrant exercises will bolster the company's financial position and support its expansion efforts, which have included new distribution agreements and product shipments [2][3] Business Development - Beyond Oil has secured Burger King Israel as an official customer following a successful pilot program, although this does not grant an exclusive agreement with Restaurant Brands International [4][5] - The company has expanded its US team by adding four members with significant industry experience, enhancing its operational capabilities and market penetration efforts [6] Product and Technology - Beyond Oil focuses on reducing health risks associated with reused frying oil, which is prevalent in the food service industry, and its patented technology has received regulatory clearances from the FDA and Health Canada [7]