Pioneering Food Preservation: N2OFF's Revolutionary Approach to Reducing Waste

N2OFF, a clean tech company, is poised to revolutionize the agricultural industry with its subsidiary, Save Foods Ltd., and its patented technology to extend the shelf life of fruits and vegetables. By pursuing the Verra VM00046 methodology, the company aims to not only help farmers, packaging houses, and retailers reduce costs, but also to potentially generate carbon credits, creating a new revenue stream in the process.

Transforming the Future of Food Sustainability

Extending Shelf Life: A Game-Changer for the Food Industry

N2OFF's subsidiary, Save Foods Ltd., has developed a patented treatment that can significantly extend the shelf life of various fruits and vegetables. This innovation has the potential to dramatically reduce pre- and post-harvest food waste, a pressing global issue that contributes to environmental degradation and economic losses. By keeping more food in the human supply chain, the company aims to address this challenge head-on, providing a practical and effective solution.The extended shelf life offered by Save Foods' technology can benefit stakeholders across the entire food supply chain, from farmers and packaging houses to retailers and consumers. This not only reduces food waste but also helps to alleviate the strain on resources and the environmental impact associated with discarded produce. The potential cost savings and improved efficiency for businesses in the agricultural sector can be substantial, making this technology a game-changer in the industry.

Pursuing Carbon Credit Opportunities

In a strategic move, N2OFF has engaged a team of sustainability experts from the Nibbana-Group, led by Galit Kenigsberg, to explore potential avenues for generating alternative revenue streams from Save Foods' patented treatment. The team has concluded that Save Foods may meet the conditions of the Verra VM00046 methodology, which enables organizations to become eligible for carbon credits by reducing food waste.The Verra VM00046 methodology applies to project activities that reduce food loss and waste (FLW) by increasing food available for human consumption and keeping food in the human supply chain. This aligns perfectly with the goals of Save Foods' technology, as it aims to prevent FLW at various stages of the food chain, including farms, processing facilities, retailers, and households.By tapping into this methodology, N2OFF can potentially unlock a new revenue stream through the issuance of carbon credits. This not only supports the company's commitment to sustainable solutions but also provides a financial incentive for further investment and development of its cutting-edge food preservation technology.

Comprehensive Sustainability Approach

N2OFF's strategic vision extends beyond just the food preservation aspect of its business. The company has also entered the solar PV market, providing funding to Solterra Renewable Energy Ltd. for a 111 MWp project, as well as future endeavors. This diversification reflects the company's broader commitment to sustainable solutions, encompassing both energy and agri-tech innovations.Furthermore, N2OFF's majority-owned Israeli subsidiary, NTWO OFF Ltd., aims to contribute to the reduction of greenhouse gas emissions, offering a solution to mitigate nitrous oxide (N2O) emissions, a potent greenhouse gas with 310 times the global warming impact of carbon dioxide. By promoting environmentally friendly and economically viable agricultural practices, NTWO OFF Ltd. is at the forefront of the fight against climate change.N2OFF's multifaceted approach to sustainability extends to its minority ownership in Plantify Foods, Inc., a Canadian company listed on the TSXV that offers a wide range of clean-label healthy food options. This strategic investment further strengthens the company's position as a leader in the development of innovative solutions for the agri-tech market.