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German grocer Rewe backs sugar-reduction firm Neoh
Yahoo Finance· 2026-02-26 11:26
Austrian food-tech company Neoh has secured investment to support its efforts to grow its sugar-reduction business, with German retail giant Rewe Group joining as a backer. Neoh was founded in 2017 as a consumer-facing business and has sold zero-added-sugar snacks in European markets. The company has since launched a B2B arm that supplies its Zero+ sugar substitute to confectionery manufacturers and retailers, including Rewe's Billa chain. The business wants to look for customers outside confectionery an ...
Beyond Oil Appoints Dganit Kramer to Advisory Board, Strengthening Commercial Execution and Governance
Globenewswire· 2026-01-08 13:00
Core Insights - Beyond Oil Ltd. has appointed Dganit Kramer to its Advisory Board, enhancing its leadership as it transitions into a global, sales-driven commercial organization [1][2] Leadership and Expertise - Dganit Kramer brings over 25 years of senior leadership experience in telecommunications and technology, recognized for operational excellence and profitability improvements [3][4] - In her previous role as Deputy CEO of Partner Communications Group, she significantly increased net profit and improved business performance [4] - Kramer has also held senior roles in the Bezeq Group, managing around 4,000 employees and leading initiatives that generated hundreds of millions of shekels in cost savings [5] Strategic Focus - Kramer will assist Beyond Oil in developing scalable systems for managing customer and distributor accounts, which is crucial for operational excellence and commercial success as the company expands [7][8] - The Advisory Board will guide strategy, organizational structure, and long-term value creation during Beyond Oil's growth phase [12] Company Overview - Beyond Oil Ltd. is focused on food-tech innovations that reduce health risks associated with fried food, lower operational costs, and enhance sustainability [13] - The company's patented technology addresses health concerns related to reused frying oil, which is prevalent in various food service settings [13]
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 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]
Globa Terra Acquisition Corp-A(GTERA) - Prospectus(update)
2025-06-17 19:34
TABLE OF CONTENTS As filed with the United States Securities and Exchange Commission on June 17, 2025 under the Securities Act of 1933, as amended. Registration No. 333-286585 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Globa Terra Acquisition Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Cayman Islands 6770 N/A (P ...
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 Closing of C$10.64 Million Brokered Private Placement Led by Israeli Institutional Investor Clal Insurance
Globenewswire· 2025-05-21 20:10
Core Viewpoint - Beyond Oil Ltd. successfully closed a brokered private placement, raising gross proceeds of C$10,641,615.60, which will be used to support global expansion initiatives and enhance product distribution [1][3]. Group 1: Investment Details - The private placement was led by Clal Insurance Company Ltd., a major institutional investor in Israel, along with an Israeli-based investment fund [2]. - A total of 3,042,200 units were issued at a price of C$3.498 per unit, with each unit consisting of one common share and warrants [3][9]. - The company paid aggregate cash compensation of C$224,641.56 in connection with the offering [4]. Group 2: Strategic Implications - The investment from Clal validates Beyond Oil's technology and business model, providing necessary capital for expansion [3]. - Beyond Oil has committed to completing an uplisting to a senior exchange in Canada or the United States within the next six months [6]. Group 3: Company Overview - Beyond Oil Ltd. focuses on food-tech innovations aimed at reducing health risks associated with fried food, improving sustainability, and lowering operational costs [1][7]. - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil in various food service settings [7].
Correction: 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 20:54
Core Insights - Beyond Oil Ltd. has raised C$4,497,304.66 from the exercise of 3,399,271 warrants since January 1, 2025, indicating strong investor confidence and support for the company's growth strategy [1][3] - The company is expanding its global presence through new distribution agreements and product shipments, with a focus on international markets [2] - Beyond Oil has secured Burger King Israel as an official customer following a successful pilot program, although this does not grant exclusivity with Restaurant Brands International [4][5] Financial Position - The recent warrant exercises, combined with C$1.77 million raised from previous exercises, enhance the company's financial position for further expansion [3] Team Expansion - Beyond Oil has expanded its US team by adding four new members with industry-specific experience, which is expected to enhance the company's market penetration and pilot launches [6] Product and Technology - Beyond Oil's patented technology aims to reduce health risks associated with reused frying oil, addressing significant health concerns linked to cancer and cardiovascular diseases [7] - The company's solutions also focus on improving food quality, reducing operational costs, and minimizing environmental impact [7]
Globa Terra Acquisition Corp Unit(GTERU) - Prospectus
2025-04-16 20:54
TABLE OF CONTENTS As filed with the United States Securities and Exchange Commission on April 16, 2025 under the Securities Act of 1933, as amended. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Globa Terra Acquisition Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Cayman Islands 6770 N/A (Primary Standard Industrial Classi ...