Order Represents Major Milestone in Advancing Beyond Oil's Global Expansion
VANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / October 29, 2024 / Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF)(Frankfurt:UH9) ("Beyond Oil" or the "Company"), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability, is pleased to announce that it has expanded its geographic reach in its global commercialization efforts. Specifically, Beyond Oil has received payment of a 16 ton container of its product from an Eastern European franchisee (the "EuropeanFranchisee") from one of the largest fast-food chains in the world.
The order comes after successful completion by the European Franchisee of a pilot program in Eastern Europe. This sale marks a critically-important milestone as Beyond Oil continues to disrupt the food oil industry across the globe.
Jonathan Or, CEO of Beyond Oil, comments: "Our team has heard loud and clear from our shareholders and other stakeholders that Beyond Oil needs to penetrate the restaurant markets in larger, more populated countries across the world in order to gain a more significant market presence and grow our company in a much faster and more significant manner. Our market penetration strategy has been to close successful pilots and initial sales with global chains located near our R&D center in Israel, and then take that data to affiliated franchise groups in larger countries in those chains across the globe. We are very excited about this order for a full container of our product into Eastern Europe - our strategy is being executed in real time and we are going to continue to work hard to accelerate the pace and geographic scope of our expansion, targeting new pilots and sales into other international markets."
About Beyond Oil Ltd. Beyond Oil Ltd. is an innovative food tech company in the health sector, with over 15 years dedicated to game-changing solutions and has registered patents in Israel, the USA and Europe, as well as clearance from the FDA, the Ministry of Health in Israel and Health Canada. The Beyond Oil product mitigates cancer and cardiovascular risks in fried and processed foods consumed in our day-to-day lives. Beyond Oil provides a disruptive solution for food-processing and food-service companies striving to produce & serve healthier food, increase sustainability, while improving food quality and saving their costs. For more information, visit our website at: www.beyondoil.co.
Contacts Jonathan Or +972-4-6548975 CEO of Beyond Oil info@beyondoil.co
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