Hello Market Enthusiast,
N2OFF, Inc. (Nasdaq: NITO) is making headlines today with some incredible news.
The company has just announced a significant new agreement that marks a major milestone.
N2OFF has partnered with Solterra Renewable Energy Ltd. to fund up to €8 million in solar PV projects. The first project, located in Melz, Germany, has already received municipal approval and grid
connection solutions. This project, with a total capacity of 111 MW, signifies N2OFF’s impactful entry into the solar energy sector. (8)
Meet NITO’s Operational Arms:
Save Foods Ltd. (www.SaveFoods.co):
🍏 A 98% majority-owned
subsidiary, Save Foods Ltd. focuses on post- and near-harvest treatments for fruits and vegetables to prevent contamination and extend shelf life. (4)
🌼 Their eco-friendly treatments, including fungicides, sanitizers, and adjuvants, protect produce from microbial spoilage and pathogens responsible for decay and foodborne illnesses. (4)
📊 With nine issued patents and
six pending applications, Save Foods Ltd. recently gained approval from the California Department of Pesticide Regulation for its FieldProtect pre-harvest treatment. This approval opens doors for commercial expansion in California, where their previous trials on strawberries showed an 85% reduction in waste compared to industry standards. (1)
🌎 Save Foods Ltd. has also established a presence in Brazil, collaborating with
Citrus Tree to treat over 20 tons of Tahiti limes. (3)
N2OFF Ltd. (www.n2off.net):
🌥️ A 60% majority-owned subsidiary, N2OFF Ltd. specializes in reducing nitrous oxide (N2O) emissions in agriculture. N2O is a potent greenhouse gas, about 300 times more powerful than
carbon dioxide, significantly contributing to ozone layer depletion. (5)
🌳 N2OFF Ltd. introduces two natural, plant-safe, and non-GMO bacteria strains into the soil to reduce N2O emissions. Recent studies showed a 54% reduction in N2O emissions in wheat crops in a greenhouse setting, marking a significant breakthrough. (6)
🧐 The company is expanding its
innovative bacterial technology to corn, a crucial crop as the U.S. produces about one-third of the world’s corn. Plans are underway to implement and evaluate these solutions on a large-scale wheat farm. (5)(6)
Expanding Horizons:
🌞 NITO has recently ventured into the global solar PV (photovoltaic) market by partnering with Solterra Renewable Energy. This strategic collaboration aims
to harness solar energy’s potential, offering promising prospects for profitability and revenue generation in future projects. (7)
NITO is at the forefront of transforming agriculture with sustainable and innovative solutions. Join us in supporting their mission to create a safer, greener, and more efficient food supply chain.
Stay tuned for more updates and insights into NITO’s revolutionary
advancements.
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