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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]
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]
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]