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Beyond Oil Announces Additional Order from Exclusive Distributor Pilpel Following Accelerated Market Adoption in Central Europe
Globenewswire· 2025-12-30 13:00
Core Viewpoint - Beyond Oil Ltd. has announced a significant repeat order from its exclusive distributor Pilpel Hungary Kft., indicating strong market demand and successful customer adoption of its product in Central Europe [1][2][3]. Group 1: 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][7]. - 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 operations [7]. Group 2: Distribution Agreement and Orders - Pilpel Hungary Kft. has placed an additional order of 21,600 kg of Beyond Oil's product, reflecting strong early demand following the initial rollout [1][2]. - Under the exclusive distribution agreement signed on September 4, 2025, Pilpel committed to a minimum annual purchase of 75,600 kg in 2026, with required volumes increasing over time to maintain exclusivity [3]. Group 3: Market Position and Customer Feedback - Pilpel is a leading wholesaler in the region, supplying over 1,000 foodservice customers and expanding its reach across Central Europe [4]. - Positive customer feedback and strong engagement across multiple foodservice segments have reinforced confidence in Beyond Oil's product and its long-term potential in the market [5].
Beyond Oil Strengthens Leadership With Appointments of Giora Bardea and Daniel Birnbaum to Advisory Board
Globenewswire· 2025-12-16 13:00
Core Insights - Beyond Oil Ltd. is transitioning from an early-stage startup to a global commercial growth company, focusing on reducing health risks associated with fried food while enhancing sustainability and operational efficiency [1][3][12] Leadership Appointments - Giora Bardea and Daniel Birnbaum have been appointed to the Advisory Board, bringing extensive experience in the food and beverage industry [1][2][4] - Bardea has over three decades of experience and has been instrumental in shaping Beyond Oil's global strategy and organizational structure [4][5] - Birnbaum is recognized for transforming SodaStream into a global brand and is expected to leverage his expertise in operational scaling for Beyond Oil [7][9] Strategic Transition - The company is moving towards a mature commercial phase with a focus on global sales execution, operational scale, and sustained growth [3][12] - International pilots have been completed, and distributor networks are expanding, indicating rising interest from major quick-service restaurant (QSR) chains [3][12] Advisory Board Role - The Advisory Board will guide the company in go-to-market systems, distributor management, scaling frameworks, operational readiness, and global strategy [10][11] - Regular meetings with senior management will ensure alignment and support for the company's transition to a sales-driven organization [11] Company Mission and Technology - Beyond Oil is dedicated to creating solutions that mitigate health risks, reduce costs for food service companies, and improve sustainability [13] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing critical health concerns associated with reused oil [13]
Beyond Oil to Present at The Benchmark Company’s Upcoming Discovery One-on-One Investor Conference in New York City
Globenewswire· 2025-12-02 13:30
Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability [5] - The company has over 15 years of experience in creating solutions that mitigate health risks, improve sustainability, and reduce costs for food service companies [5] - Beyond Oil's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [5] Health and Environmental Impact - The company's solution addresses the widespread practice of reusing frying oil, which is common in various food service settings, including restaurants, hotels, and institutions [5] - Research indicates that reused frying oil is linked to health risks such as cancer and cardiovascular diseases, and Beyond Oil's product aims to mitigate these risks [5] - Additional benefits of Beyond Oil's product include improved food quality, operational cost savings, and reduced environmental impact [5] Upcoming Events - Beyond Oil will present at The Benchmark Company's 14th Annual Discovery One-on-One Investor Conference on December 4, 2025, in New York City [1] - The conference provides a platform for emerging growth companies to engage with institutional and individual investors through one-on-one meetings [2]
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 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 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 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 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].