Save Foods (NASDAQ: SVFD), a pioneer agrifood tech company offering sustainable solutions for agriculture and plant-based food, announced that a subsidiary is officially changing its name. According to the announcement, wholly owned subsidiary Nitrousink Ltd. was granted approval from Israel’s Registrar of Companies to change its name to NTWO (“NTWO”) OFF Ltd. “NTWO OFF has identified and isolated two naturally occurring bacteria species that can reduce N2O emissions from wheat roots under various environmental conditions,” the company stated in the press release. “The R&D team at NTWO OFF is currently testing its technology under greenhouse conditions with the objective of locating the optimal formula for reducing N2O emission in wheat crops. NTWO OFF intends to continue its testing in micro field plots using different soils, dosages and formulations for a variety of crops, including corn and rice.”
To view the full press release, visit https://ibn.fm/x33sI
About Save Foods Inc.
Save Foods is an innovative agrifood tech company that through its operational arms — two majority-owned subsidiaries, Save Foods Ltd. and NTWO OFF Ltd., and minority-owned subsidiary Plantify Foods Inc. — delivers integrated solutions for improved safety, quality and sustainability every step of the way from field to fork. Save Foods Ltd., Save Foods’ majority-owned Israeli subsidiary, focuses on post-harvest treatments in fruit and vegetables to control and prevent pathogen contamination, significantly reduce the use of hazardous chemicals and prolong fresh produce’s shelf life. NTWO OFF, its other majority-owned Israeli subsidiary, contributes to tackling greenhouse gas emissions, offering a pioneering solution to mitigate nitrous oxide emissions, a potent greenhouse gas with 265 times the global warming impact of carbon dioxide. NTWO OFF aims to promote agricultural practices that are both environmentally friendly and economically viable. Plantify Foods, Save Foods’ minority-owned Canadian subsidiary, offers a wide range of clean-label healthy food options that are nutritious, gluten free and nonallergenic; that use whole natural ingredients; and that are easy to prepare. 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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