New Distribution Agreement Further Expands Beyond Oil's European Footprint as Part of Its Global Growth Strategy; Company Received Payment for First Shipment of 5.4T
VANCOUVER, BC and KIBBUTZ YIFAT, Israel, April 11, 2025 (GLOBE NEWSWIRE) -- 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 signed a non-exclusive distribution agreement (the "Distribution Agreement") with Royalty Trade SL ("Royalty Trade"), for the distribution of Beyond Oil's oil filtration product in Spain, Hungary, and Belgium.
Under the terms of the Distribution Agreement, which was signed and became effective on April 09, 2025, Royalty Trade will market, distribute, and sell Beyond Oil's proprietary oil treatment products to local and non-chain restaurants, hotels, catering services, and food service providers across Spain, Hungary, and Belgium. The collaboration is expected to help restaurants improve food quality and safety, and reduce waste and costs, aligning with the European push for more sustainable and healthy practices in the food service industry. The Distribution Agreement establishes a structured purchasing plan for orders that are expected to increase over the coming years.
Beyond Oil is also pleased to announce that it has already received payment from Royalty Trade for an initial first shipment of 5.4 tonnes of its product, with the shipment currently in process, marking the start of commercialization under this Distribution Agreement.
Jonathan Or, CEO of Beyond Oil, commented: "Expanding in Spain, Hungary, and Belgium marks another important step in our European growth strategy. This agreement with Royalty Trade, allows us to introduce our innovative oil treatment solution into markets that value sustainability and innovation. We are particularly encouraged by the swift commencement of commercial activity with our first shipment already in process. With Royalty Trade's expertise and established distribution network across these territories, we are confident in the success of this rollout."
Pini Rozen and Roni Michalashvili, Co-Founders of Royalty Trade, remarked: "As entrepreneurs in the restaurant and distribution sectors, we are constantly seeking out innovative products that drive real impact. Beyond Oil fits perfectly into our vision, enabling us to improve food quality while reducing environmental impact. We are thrilled to bring this technology to restaurants across Spain, Hungary, and Belgium, with the goal to expand into other sectors in the future. We look forward to embarking on this exciting journey in partnership with the entire Beyond Oil team in Europe."
The Distribution Agreement has a 12 month term, and will automatically renew for an additional 12 months, unless terminated earlier by either party with 3 months notice.
About Beyond Oil Ltd. Beyond Oil Ltd. is a food-tech innovation company with over 15 years of dedication to creating solutions that mitigate health risks, improve sustainability, and reduce costs for food service companies. The Company’s patented technology, with regulatory clearances from the FDA and Health Canada, significantly reduces harmful compounds in frying oil, addressing critical health concerns. Beyond Oil’s solution tackles a global issue in the food industry: the widespread practice of reusing frying oil for hundreds of cycles across several days. This practice is common in restaurant kitchens, hotels, catering services, banquet halls, fried food manufacturing plants, and institutions such as schools, kindergartens, and military facilities. Beyond Oil's product is backed by extensive research which has highlighted its value in health risks associated with reused oil, including links to cancer and cardiovascular diseases. Beyond Oil’s product provides an effective means to mitigate these risks while offering additional benefits such as improved food quality, operational cost savings, and reduced environmental impact. For more information about Beyond Oil, please visit: www.beyondoil.co
About Royalty Trade SL Royalty Trade SL is part of the Royalty Line Group, which has established itself as a leader in advanced kitchen and household products worldwide. Since its foundation, Royalty Line has focused on providing users with easy-to-use, comfortable, durable, and innovative products in today's competitive market. The company specializes in high-quality cookware designed to meet the demanding needs of professional kitchens, with products trusted by chefs, restaurants, and food service providers globally. With a strong focus on durability, performance, and ergonomic design, Royalty Line delivers everything from precision-forged knives to non-stick cookware and innovative kitchen tools that enhance efficiency and elevate culinary experiences. Operating in over 40 countries with their own distribution and warehouse network, Royalty Line maintains a worldwide market presence across all sales channels, providing exceptional value, consistent quality, and reliable service to partners in the food industry. For more information, please visit: https://royaltyline.com/
Forward-Looking Statements and Information The Canadian Securities Exchange has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains “forward-looking statements” within the meaning of the securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. In addition, we cannot assure that any patent will be issued as a result of a pending patent application or, if issued, whether it will be issued in a form that will be advantageous to us. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time at sedarplus.ca. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. The Company is not responsible for the contents of third-party websites.
Contacts:
Beyond Oil Ltd. Jonathan Or, CEO and Co-founder +972 52-601-0680 info@beyondoil.co
