Beyond Oil Secures Vendor Approval from Major Fast-Food Chain in Eastern Europe, Kicks Off 16-Ton Product Rollout
Successful Pilot Converts into Commercial Launch with Fast-Food Chain Operating 1,000+ Locations, Unlocking Recurring Revenue Opportunities
VANCOUVER, BC and KIBBUTZ YIFAT, Israel, Jan. 16, 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, following its news release dated October 29, 2024, it has secured vendor approval and successfully delivered a 16-ton order to a prominent Eastern European restaurant group (the “European Customer”).
The European Customer, which operates one of the largest fast-food chains in the region with over 1,000 locations, conducted an extensive pilot program throughout 2024. The pilot achieved exceptional results, resulting in vendor approval and the commencement of a phased commercial rollout. The initial shipment will supply selected franchisees within the network, with the product now available for direct purchase by all franchisees.
This rollout marks a significant milestone in Beyond Oil’s global expansion, representing the first step in what the Company anticipates will be a lasting partnership with recurring revenue potential. Beyond Oil remains focused on providing healthier frying solutions.
“Securing vendor approval from a major Eastern European food chain is another important milestone for Beyond Oil. This achievement is yet another validation of our product’s unique value proposition and demonstrates the success of our global expansion strategy. With over 1,000 locations in this network alone, this order provides Beyond Oil with strategic opportunities across new markets. We remain focused on accelerating our global growth by offering healthier, more sustainable frying solutions to food-service providers worldwide.”
About Beyond Oil Ltd.
Beyond Oil Ltd. is an innovative food-tech company disrupting the global frying industry with patented solutions that enable healthier frying practices for people and the planet. Guided by its vision to become a global standard in frying operations for the food service and food manufacturing industries, and with regulatory clearance from the FDA and Health Canada, Beyond Oil’s product significantly reduces harmful compounds in frying oil, addressing cancer and cardiovascular risks associated with fried foods. The company’s proprietary technology provides food service operators with a cost-effective solution to deliver healthier, higher-quality fried and processed foods while extending oil life and minimizing waste. For more information, visit: www.beyondoil.co.
Contacts
Jonathan Or
+972-4-6548975
CEO of Beyond Oil
info@beyondoil.co
ARX | Capital Markets Advisors
North American Equities Desk
beyondoil@arxadvisory.com
Forward Looking Statement 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.
