Save Foods, Inc. (NASDAQ: SVFD) shares experienced a noteworthy surge of 12.50% in the preceding trading session, concluding at $2.07. The upswing in Save Foods’ stock was propelled by the sustained positive performance of its innovative solutions.
Save Foods (SVFD) disclosed that its cutting-edge solution has once again been selected by Sun Pacific for application on Cuties clementines. This marks the third consecutive season where Sun Pacific has opted for Save Foods’ solution to enhance the treatment of its clementines.
Sun Pacific, a prominent U.S.-based entity engaged in growing, packing, and marketing, has been a stalwart brand in the industry for several decades. The renowned Cuties brand, synonymous with large-scale California-grown clementine and mandarin production across North America, underscores Sun Pacific’s position as one of the most reliable brands in the market.
Save Foods’ environmentally friendly treatments integrate its proprietary technology with oxidizers. These treatments serve as a robust defense against microbial spoilage and foodborne pathogens, mitigating decay and the risk of foodborne illnesses in fresh fruits and vegetables. Importantly, the treatments impart no harmful residues on the produce or in the environment, ensuring the longevity of product freshness.
Applicable at various stages from field to fork, Save Foods’ product portfolio encompasses fungicides, sanitizers, adjuvants, as well as dosing and monitoring systems. Fresh produce treated with Save Foods’ solutions is readily available in leading supermarket chains across the United States and Europe. Reports indicate that Save Foods’ interventions are consistently reducing retail-level fruit spoilage by an average of 50%.
SVFD solutions have garnered adoption from prominent growers and packers committed to delivering premium-quality produce. Notably, these solutions played a pivotal role in driving increased sales to a major U.S. retailer. Feedback from a Save Foods client revealed that the Persian limes they supplied to the retailer exhibited an extended shelf life by 5 days, resulting in a remarkable 90% reduction in waste. Consequently, the retailer augmented its purchases from the SVFD client by 25%.