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Pick of The Week

Save Foods Inc.

Save Foods Inc. (NASDAQ: SVFD) is an agri-food tech company focused on developing and selling eco-friendly products specifically designed to ensure food safety and extend the shelf life of fresh fruits and vegetables. The company is focused on addressing two of the most significant challenges faced by the industry: (1) food waste and loss, and (2) food safety.

Fungi like mold and yeast, as well as foodborne pathogens, are typically responsible for fresh produce spoilage and foodborne illness. Save Foods’ integrated solutions improve safety, freshness and quality every step of the way, from field to fork. The company’s natural products control human and plant pathogens, allowing growers, packers and food retailers to reduce waste and boost revenues. More food ends up on consumers’ plates, and less ends up in landfills.

Save Foods’ products use all-natural ingredients to protect fresh produce from microbial spoilage and pathogens with zero toxicity. The company’s treatments leave no harmful residues on produce or in the environment and maintain product freshness over time. Fresh produce treated with Save Foods’ products can already be found in supermarket chains across the U.S. Those chains have reported that the company’s products are reducing fruit spoilage by 50% on average at the retail level. With no need for additional steps in the treatment process nor special equipment, Save Foods’ products are easy to implement and come in versatile applications suitable for the different stakeholders along the food supply chain.

Initial applications for the company’s offerings include post-harvest treatments in fruit and vegetable packing houses that process citrus, avocados, pears, bell peppers and mangos. By controlling and preventing pathogen contamination and significantly reducing the use of chemicals and their residues, Save Foods’ products not only prolong shelf life; they also ensure safe, natural and healthy food. Save Foods has the first green products that could realistically replace the different chemicals used today in food treatment while controlling waste and food safety.

Products & Technology

  • SavePROTECT or PeroStar, a processing aid added to fruit and vegetable wash water and used in post-harvest treatment;
  • SF3HS and SF3H, post-harvest treartment solutions to control both plant and foodborne pathogens;
  • SpuDefender, for controlling post-harvest potato sprouts; and
  • FreshPROTECT, for controlling spoilage microorganisms on post-harvest citrus.

Save Foods’ products are based on a proprietary blend of food acids which have a synergistic effect when combined with certain types of sanitizers and fungicides at low concentrations in a non-organic setting. The combination eliminates fungicide residues or reduces them to levels below the established Maximum Residue Levels (MRLs). The company’s fruit and vegetable wash is odorless and does not irritate human eyes, skin or airways. Save Foods’ blend does not leave any residues of toxicological concern on the treated surface of produce, and all its ingredients are classified by the U.S. Food and Drug Administration (FDA) as Generally Recognized As Safe (GRAS). There are 7 patent families related to Save Foods’ technology.

Investment Considerations
  • The agricultural produce treatment space has been active in recent years, attracting more than $26 billion in new investment in 2020.
  • In May 2021, Save Foods Inc. closed on a $12 million public offering and uplisted its shares to the Nasdaq.
  • The company has seen rapid movement from successful pilots with packing houses and food retailers.
  • Save Foods Inc. products present prospective competitors multiple barriers to entry, including a short time to market, zero toxic residues and addressing both spoilage and food safety.
  • The company has an exclusive agreement with PlanetAgro for distribution of Save Foods’ products in Mexico.
Additional Resources
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InvestorNewsBreaks - Save Foods Inc. (NASDAQ: SVFD) (FSE: 80W) Is Better Positioned to Deliver Significant Value to Organic Market with OMRI Listing

June 9, 2022 9:00 AM

Save Foods (NASDAQ: SVFD) (FSE: 80W) is an agri-food tech company specializing in eco crop protection that helps to reduce food waste and ensure food safety. The company today announced that its SaveProtect Organic(R) crop treatment for extending the shelf life of fresh fruits and vegetables has been listed by the Organic Materials Review Institute (“OMRI”), an international non-profit organization that provides an independent review of products intended for use in certified organic production and processing. OMRI Listed(R) products may be used in certified organic production and processing under the USDA National Organic Program. “The organic fruits and vegetables industry has a very difficult task contending with short shelf life and limited available solutions, with high waste and transportation issues resulting in higher costs,” said Dan Sztybel, CEO of Save Foods’ Israeli subsidiary. “With OMRI listing, Save Foods is now better positioned to deliver significant value to the organic market by providing efficient and affordable solutions to address these challenges.”

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