Save Foods (NASDAQ: SVFD), an agrifood tech company specializing in ecocrop protection designed to help reduce food waste and ensure food safety while reducing the use of pesticides, has received a Notice of Allowance from the U.S. Patent and Trademark office (“USPTO”). The notice is related to the company’s application for a patent covering a method of protecting food from decay by applying Save Foods’ proprietary blend of food acids. According to the announcement, the patent will strengthen Save Foods’ competitive advantage and expand the company’s protection of its exclusive process related to the core technology. The USPTO issues a Notice of Allowance when it determines that a patent should be granted; the company anticipates the patent to be issued in the coming months, which will increase SVFD’s IP portfolio to 10 granted patents and six pending patent applications, four of which may be submitted worldwide; the company’s portfolio includes patents that have been granted in Israel, the United States and Europe. “This patent not only adds to our intellectual property portfolio covering our novel solutions, but it also strengthens our competitive advantage, that will lead to new commercial opportunities,” said Save Foods head of science and COO of company’s Israeli subsidiary Dr. Neta Matis in the press release. “We have additional patents pending as part of our IP protection strategy, and we will continue our product innovation efforts to further enhance our market position and drive revenue growth. I am immensely proud to make this announcement. This patent is an attestation that our technology is indeed innovative and unique, and will help us to play a significant role in food waste and pesticides reduction.”
To view the full press release, visit https://ibn.fm/f9CjH
About Save Foods Inc.
Save Foods is an innovative, dynamic company addressing two of the most significant challenges in the agrifood tech industry: food waste and loss and food safety. The company is dedicated to delivering integrated solutions for improved safety, freshness and quality, every step of the way from field to fork. Collaborating closely with its customers, Save Foods develops new solutions that benefit the entire supply chain and improve the safety and quality of life of both workers and consumers alike. SVFD’s initial applications are in post-harvest treatments in fruit and vegetable packing houses that process produce such as citrus, avocado, pears, apples and mangos. For more information about the company, visit www.SaveFoods.co.
NOTE TO INVESTORS: The latest news and updates relating to SVFD are available in the company’s newsroom at https://ibn.fm/SVFD
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