TEL AVIV, Israel, Sept. 17, 2021 (GLOBE NEWSWIRE) — by way of InvestorWire — Save Meals (Nasdaq: SFVD) (“Save Meals” or the “Firm”), an agri-food tech firm centered on growing and promoting eco-friendly merchandise particularly designed to increase the shelf life and make sure the meals security of contemporary vegetables and fruit, immediately pronounces it has engaged an area business post-harvest knowledgeable in Turkey, who’s nicely related within the native produce market, significantly inside the citrus sector, to introduce the Firm to native post-harvest operators with ties to the EU produce market.
According to the Union of Exporters of the Mediterranean Region, Turkey exported a file $2.7 billion in vegetables and fruit in 2020, up 21% in comparison with 2019. In keeping with Trading Economics, 22% of that was despatched to Germany. Mandarin oranges had been the nation’s main fruit export, accounting for $437 million, adopted by tomatoes and lemons.
Dan Sztybel, the Chief Govt Officer of Save Meals Ltd., the Firm’s Israeli Subsidiary, commented on the announcement, “The EU is a crucial marketplace for Save Meals and Turkey is a pure gateway for us. Our remedies are extraordinarily efficient on mandarin oranges — Turkey’s main export — as evidenced by our trusted relationship with Cuties™, one of many best-selling produce manufacturers in america.”
The EU maintains most residue ranges (MRLs) for pesticides in or on meals to guard shoppers towards unnecessarily excessive residue ranges and the related well being dangers. Likewise, sure main meals retailers in Europe developed and applied their very own MRLs, which are sometimes stricter than these imposed by the EU. Moreover, the EU lately launched the “Farm To Fork Green Deal Initiative” which establishes concrete targets to cut back meals waste and the usage of pesticides within the EU by 50% and convert 1 / 4 of the entire farmlands of the EU to natural cultivations — all to be achieved by 2030 on the newest.
Though not a member of the EU, it’s estimated that more than 42% of all Turkish exports go to EU member nations, and Turkey’s Ministry of Commerce experiences that EU exports exceeded €120 billion in 2020.
This previous July, the Turkish authorities introduced its Green Reconciliation Action Plan in response to the above-mentioned EU initiatives, which indicators Turkey’s growing dedication to its agricultural trade and efforts to stay aggressive within the EU.
Dror Eigerman, a post-harvest knowledgeable and member of the Firm’s advisory board, concluded, “Save Meals’ merchandise supply an ideal resolution for Turkish produce packers. Not solely do they characterize a inexperienced sustainable funding, in addition they present a secure, efficient inexperienced therapy different that may enable the packers to adjust to the EU’s new laws. Our native knowledgeable is nicely positioned to introduce us to acceptable prospects all through the nation. Preliminary discussions have been very nicely obtained and we’re on monitor to provoke trials with a number of native packing homes for the upcoming develop season.”
About Save Meals
Save Meals is an revolutionary, dynamic firm addressing two of essentially the most important challenges within the agri-foodtech trade: meals waste and loss, and meals security. Save Meals is devoted to delivering built-in options for improved security, freshness and high quality, each step of the way in which from subject to fork. Collaborating carefully with its prospects, Save Meals develops new options that profit your entire provide chain and enhance the protection and high quality of lifetime of staff and shoppers alike. Save Meals’ preliminary functions are in post-harvest remedies in fruit and vegetable packing homes processing citrus, avocados, pears, bell peppers and mangos. By controlling and stopping pathogen contamination and considerably decreasing the usage of hazardous chemical substances and their residue, Save Meals’ merchandise not solely extend contemporary produce shelf life and cut back meals loss and waste, however in addition they guarantee a secure, inexperienced and wholesome product.
For extra info, go to our web site at https://savefoods.co.
This press launch accommodates forward-looking statements inside the that means of the “secure harbor” provisions of the Non-public Securities Litigation Reform Act of 1995 and different Federal securities legal guidelines. Phrases corresponding to “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and related expressions or variations of such phrases are supposed to determine forward-looking statements. For instance, we’re utilizing forward-looking statements on this press launch once we talk about our means to successfully penetrate the Turkish and EU markets, our means to determine and retain prospects all through Turkey, that our merchandise could successfully allow packers to satisfy EU regulatory necessities for residues and different laws mentioned on this press launch, that our proprietary mix of natural meals acids could cut back the necessity for standard post-harvest fungicide by no less than 50% and in some circumstances fully and should cut back meals waste because of spoilage by as much as 50% and once we talk about the persevering with demand for a secure, top quality, sustainable meals provide. As a result of such statements take care of future occasions and are primarily based on our present expectations, they’re topic to numerous dangers and uncertainties. Precise outcomes, efficiency or achievements may differ materially from these described in or implied by the statements on this press launch. The forward-looking statements contained or implied on this press launch are topic to different dangers and uncertainties, together with market circumstances and the satisfaction of all circumstances to, and the closing of, the providing, in addition to these mentioned underneath the heading “Threat Elements” in Save Meals’ annual report on Type 10-Ok filed with the SEC on March 29, 2021, and in any subsequent filings with the SEC. Besides as in any other case required by legislation, we undertake no obligation to publicly launch any revisions to those forward-looking statements to mirror occasions or circumstances after the date hereof or to mirror the incidence of unanticipated occasions. References and hyperlinks to web sites have been offered as a comfort, and the data contained on such web sites just isn’t integrated by reference into this press launch. We aren’t accountable for the contents of third-party web sites.
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