Vancouver, British Columbia and Kibbutz YIFAT, Israel / ACCESSWIRE / 12 December 2022 / Beyond Oil Co., Ltd. (CSE: Boyle) (“beyond oil” or “CompanyExtending Frying Oil Life, Reducing Costs and Waste A food technology innovation company recently expanded its product testing program to extend frying oil life by 21 days using Beyond Oil products. We are pleased to announce that we have achieved a record of
Beyond Oil CEO Dr. Tamir Gedo said: “The new test results surpassed the previous 14-day record and provided restaurants with an opportunity to further reduce frying oil costs. It significantly extends the life of your frying oil.Providing healthier, tastier food offers a disruptive solution to the food service industry.We are excited to bring Beyond Oil’s products to restaurants across North America. I am doing it.”
The test program, using Beyond Oil’s modified products, was conducted in a crowded Canadian restaurant kitchen using high-quality frying oil and filter systems for 21 days. Actual results may vary depending on many factors, including but not limited to:frequency of use; restaurant staff following protocols and best practices, etc.
Recovery of frying oil: Extensive testing shows Beyond Oil’s products extend frying oil service life, improve product quality and reduce frying oil costs. As a selective adsorbent, this product reduces soluble impurities formed during the frying process that cause free fatty acid damage (“FFAs“) and the formation of polar compounds, undesirable odors, off-flavours, and off-colors. This product can be easily integrated into existing daily filtration processes.
One and only: To our knowledge, Beyond Oil has developed a unique solution that can remove FFAs almost completely without compromising oil quality. This solution is comparable to other filter powders that have existed for many years that can only slightly reduce FFA levels.
patent protection: We have a portfolio of registered and patent pending solutions that extend the shelf life of produced and used vegetable oils.
final savings: Beyond Oil’s unique value proposition is the ability to significantly reduce costs for quick service restaurants by significantly extending the useful life of the oil while maintaining its original taste profile.
ready for distribution: We have received a letter of no objection from the U.S. Food and Drug Administration (“FDA“) In March 2022, based on the fact that all ingredients in Beyond Oil products meet the FDA’s food-grade specifications. I have received your letter.
How the product works
Beyond Oil solutions integrate with existing processes as process or filter aids. The process involves passive microfiltration designed to remove all components through a combination of active filtration with powder and passive filtration with microfiltration paper. This process ensures that the oil is residue-free while maximizing the efficiency of removing other breakdown particles.
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About Beyond Oil
Beyond Oil is the developer and manufacturer of innovative proprietary patented formulations that reduce free fatty acids in edible oils down to 0.1% while preserving oil quality and nutritional value. Beyond Oil’s proprietary technology and methodologies integrate into customers’ existing oil filtration systems by extending frying oil life and reducing costs and waste. For more information, please visit www.beyondoil.co.
Dr. Tamir Ged
Representative Director and President
PR for investors
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This press release contains forward-looking statements and information that are based on the beliefs of our management and reflect Beyond Oil’s current expectations and views on future events. As used in this press release, “estimate”, “predict”, “believe”, “expect”, “intend”, “expect”, “plan”, “predict”, “possible” The words “may” or “should” and negative forms of these words or variations thereof or equivalent terms are intended to identify forward-looking statements and information. .
Forward-looking statements and information in this press release include information regarding Beyond Oil’s business plans. This includes use of our products in the food service industry. Controlled test results are reproduced in a commercial environment. The impact of such products on the industry as a whole and the expected benefits of using Beyond Oil products. All statements regarding our anticipated future growth, product acceptance and performance in large scale environments, and commercialization plans are also forward-looking statements.
Such statements and information are based on a number of assumptions regarding current and future business strategies and the environment in which Beyond Oil will operate in the future. The results of controlled tests are replicated in a commercial environment, the prescribed test procedures are adhered to, and the test results are reliable. Demand for our products. Test results are reliable and replicated in a commercial environment, expected costs, ability to meet goals, business plans and growth strategies. To be able to obtain loans on reasonable terms as needed. Our ability to attract and retain skilled staff. our ability to complete scheduled transactions; Absence of regulations or laws that interfere with our business operations, ability to provide products of adequate quantity and quality, and compliance with final contractual terms. Beyond Oil believes the assumptions underlying these statements are reasonable, but may prove to be incorrect.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or other Future events may differ materially from any future results, performance or achievements expressed or implied by us. such forward-looking statements. Such factors include, among others, the risks of: Business, economic and capital market conditions. Stock markets experience volatility that is often unrelated to company performance. the risk that test results for any reason may not represent actual results in a commercial environment; the ability to expand operations internationally; our ability to control operating expenses that may adversely affect our financial condition; our ability to raise additional financing as needed on terms acceptable to us; Our ability to remain competitive as other, more well-funded competitors develop and release competitive products. legal and regulatory uncertainties, including new laws or regulations that may adversely affect our business and results of operations; market conditions and the demand and prices of our products; relationships with customers, distributors, suppliers and business partners; Our ability to define, design and release new products in a timely manner that meet our customers’ needs. Our ability to attract, retain and motivate talented people. Our ability to maintain technical leadership. the impact of technological changes on our products and industry; Failure to develop new and innovative products. our ability to successfully maintain and enforce our intellectual property rights and defend third party claims of intellectual property infringement; our ability to manage working capital; Dependence on key personnel. The risk that consumer interest and sentiment toward Beyond Oil’s products will change in the opposite direction. the impact of COVID-19 or other viruses or diseases on Beyond Oil’s ability to operate; equipment failure; unexpected increases in operating costs and fluctuations in commodity prices; security threats; non-fulfillment of contractual obligations by counterparties; risks associated with Beyond Oil’s corporate strategy, including the failure of past and future acquisitions to meet expectations; The anticipated commercialization of our products may not materialize as contemplated in this news release, or may not materialize at all, and there is a risk that sufficient quantities of the product will not be made available under our distribution agreements. Additionally, Beyond Oil’s products have not yet been produced on a large scale and have not yet been shown to be effective and reliable when used by a wide range of consumers.
Forward-looking statements and information are prepared by management to provide information regarding management’s current expectations and plans regarding the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as investment decisions. While our management believes the forward-looking statements have been made on a reasonable basis, reflecting management’s best estimates and judgments, Beyond Oil has a short history of operations and is in its early stages. company and may not actually achieve its plans, forecasts or targets. expectations. Readers should read this document with the understanding that actual future results may differ materially from expectations. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.
Any forward-looking information contained in this news release is qualified in its entirety by this cautionary statement. We caution that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information contained in this news release is made as of the date hereof and the company does not make any forward-looking statements as a result of new information, future events or otherwise. We undertake no obligation to publicly update or revise the information. Applicable Securities Laws.
sauce: Beyond Oil Co., Ltd.
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