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CULT Food Science Announces Debt Settlement
Thenewswire· 2025-08-15 01:25
Core Insights - CULT Food Science Corp. has entered into debt settlement agreements to resolve outstanding debts totaling $273,350 [1] - The company will issue 18,223,333 common shares at a deemed price of $0.015 per share as part of the debt settlement [2] - The board believes that completing the debt settlement is in the best interests of the company to preserve cash for working capital [3] Company Overview - CULT Food Science is focused on pioneering the commercialization of lab-grown meat and cellular agriculture to reshape the global food industry [4] - The company's investments may include acquiring equity, debt, or other securities, and providing operational and advisory support to portfolio companies [4] - The objective is to enhance long-term shareholder value through active stewardship and innovation in the food system [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· 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]
BranchOut Food Expands Collaboration with U.S. Army for New Field Ration Initiative
Globenewswire· 2025-07-22 10:30
Core Insights - BranchOut Food Inc. has announced the inclusion of its Cinnamon Churro Banana Chips in the upcoming Initial Operational Test and Evaluation (IOT&E) for the Close Combat Assault Ration (CCAR) by the U.S. Army [1][2][3] - The CCAR is designed to provide troops with lightweight, nutrient-dense, and shelf-stable food solutions for up to five days [2][3] - The initiative highlights the effectiveness of BranchOut's GentleDry technology, which preserves up to 95% of the original nutrition of fresh produce [7] Company Overview - BranchOut Food Inc. specializes in clean-label snacks and innovative dehydration technology, positioning itself as a leader in the food technology sector [1][7] - The company is working with the U.S. Army's Combat Capabilities Development Command (DEVCOM) to explore future military rations, indicating a strong alignment with government needs [4][5] - BranchOut's strategy includes commercializing its patented GentleDry platform across various markets, including national retail and international food security programs [5] Product Development - The Cinnamon Churro Banana Chips will undergo testing where DEVCOM will gather feedback from Warfighters, emphasizing the product's potential for military applications [3][4] - BranchOut is actively reviewing multiple products for future inclusion in military menus, showcasing its commitment to innovation in high-performance food solutions [4][5] Technology and Innovation - The GentleDry technology is protected by over 17 patents, allowing BranchOut to differentiate itself in the market as a trusted supplier of high-quality dehydrated products [7] - The company aims to push the boundaries of food innovation in demanding environments, reflecting its focus on taste, nutrition, and durability [4]
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]
X @Forbes
Forbes· 2025-07-11 06:00
Company Innovation - Next Robot 发布了一款 AI 驱动的烹饪机器,该公司认为该机器已经完善了意大利面的制作工艺 [1]
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 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 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].
EnWave to Report Second Quarter Financial Results on May 21, 2025 and Host Investor Conference Call
Globenewswire· 2025-05-15 00:30
Core Viewpoint - EnWave Corporation will report its financial results for Q2 2025 on May 21, 2025, and will hold a conference call to discuss these results on May 22, 2025 [1][2]. Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a patented Radiant Energy Vacuum (REV™) technology that offers superior efficiency, capacity, product quality, and cost-effectiveness compared to traditional drying methods [4]. - The company has over fifty partners across twenty-four countries and five continents, enabling the creation of innovative snacks and ingredients while improving existing product quality and market speed [5]. Business Strategy - EnWave's strategy focuses on signing royalty-bearing commercial licenses with food producers to enhance drying processes, allowing for faster moisture level optimization and improved product attributes such as taste, texture, color, and nutritional value [6].