NEVE YARAK, Israel - Save Foods, Inc. (NASDAQ: SVFD), an Agri-Food Tech company specializing in sustainable agricultural solutions, has received approval from the California Department of Pesticide Regulation (CDPR) for its pre-harvest treatment, FieldProtect. This sanction, announced on Tuesday, enables the company to advance into the California market, known for its substantial agricultural output and leadership in organic production.
FieldProtect is designed to align with the stringent environmental and safety requirements of the CDPR, reflecting Save Foods' dedication to eco-friendly practices that serve growers, consumers, and the environment. The product's introduction into California's agricultural sector, which produced over $59 billion in market value in 2022, represents a strategic move for the company within the sustainable agriculture market.
California's agricultural exports grew to $22.5 billion in 2021, a 7% increase from the previous year, highlighting the state's commitment to sustainable farming practices across its more than 2 million acres of organic farmland. Save Foods' CEO, Dan Sztybel, expressed enthusiasm for the CDPR's approval, emphasizing the safety of FieldProtect and the company's eagerness to introduce their technology to California's agriculture, specifically targeting 'near harvest' treatments for crops like berries.
Save Foods operates through three subsidiaries, each addressing different aspects of food safety, quality, and sustainability from field to fork. Save Foods Ltd. focuses on post-harvest treatments to reduce pathogen contamination and chemical usage, NTWO OFF Ltd. offers solutions to mitigate nitrous oxide emissions in agriculture, and Plantify Foods, Inc. provides a range of clean-label healthy food options.
This news is based on a press release statement and contains forward-looking statements subject to risks and uncertainties, including market conditions and other factors detailed in Save Foods' filings with the SEC.
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