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 the signing of a Distribution Agreement with T&J Oil
Pty Ltd. (“
T&J Oil”), based in Perth,
Australia. The agreement has a term of five years and marks Beyond
Oil’s entry into the Australian market and includes the granting to
T&J Oil of exclusivity, subject to T&J Oil, fulfilling its
annual minimum quantity purchase commitments, for specific
restaurant sectors in Australia.
Under the terms of the agreement, which became
effective on January 22, 2025, T&J Oil will serve as the
distributor of Beyond Oil’s proprietary oil treatment products for
non-chain restaurants and local chains that do not utilize filter
machines across Australia. The partnership is expected to help
restaurants extend oil life, improve food quality, and reduce
waste, aligning with Australia’s push for more sustainable
practices in the food service industry.
The agreement includes a aggregate minimum
purchase commitments of US$4,947,600 over its five-year
term*. For the first year of the agreement,
T&J Oil has committed to purchasing a minimum of USD $243,600
worth of Beyond Oil’s products, with subsequent minimum commitments
for the following four years increasing substantially. On top
of the minimum commitments, the agreement also includes an annual
licensing fee, amounting to a total of AUD$100,000 per year.
Additionally, as part of the agreement, Beyond
Oil will provide certified training sessions, with T&J Oil
establishing a dedicated training center to support regional
clients in optimizing their use of the Beyond Oil product.
*This aggregate figure is contingent on
T&J Oil fulfilling its annual minimum purchase obligations.
Beyond Oil retains the right to terminate the agreement or revoke
T&J Oil’s exclusivity arrangement if the annual minimum
commitments are not met, something which cannot be guaranteed.
Additionally, projected revenues do not reflect profits, as they
are subject to variable factors, including operational costs,
licensing fees, market conditions, and other factors in the
Forward-Looking Statement below. Readers should take note of the
fact that significant differces may ocurr in any future potential
bottom-line figures as such.
Jonathan Or, CEO of Beyond Oil, commented: “We
are excited to partner with T&J Oil to introduce our innovative
oil treatment technology to the Australian market. This agreement
underscores our commitment to expanding globally and bringing
healthier, more sustainable frying solutions to commercial kitchens
worldwide. With T&J Oil’s extensive distribution network and
experience in the food service industry, we are confident in their
ability to drive adoption and maximize the impact of our product
across Australia.”
Oren Haas, CEO of TJ Oil, remarked: “We are very
excited to take on this new opportunity. We have been exploring and
researching Beyond Oil’s revolutionary product for some time now.
We are confident in our ability to take on this challenge and help
change the oil market. Beyond Oil is at a turning point, with its
product being recognized in more and more global markets, and we
are very happy to be the chosen team to lead its penetration in
Australia. We aim to take on large market share and pursue the rare
opportunity to bring change and value to our customers.”
About Beyond Oil Ltd.Beyond Oil
Ltd. is a food tech company in the health sector, with over 15
years dedicated to innovative solutions and registered patents in
Israel, the USA and Europe, as well as clearance from the FDA, the
Ministry of Health in Israel and Health Canada. The Beyond Oil
product mitigates cancer and cardiovascular risks in fried and
processed foods consumed in our day-to-day lives. Beyond Oil
provides a unique solution for food-processing and food-service
companies striving to produce & serve healthier food, increase
sustainability, while improving food quality and saving their
costs. For more information, visit our website at:
www.beyondoil.co.
About T&J Oil Pty
Ltd. T&J Oil Pty Ltd is an
Australian-based company specializing in the distribution,
marketing, and sale of products related to cooking and frying for
restaurants and industrial kitchens. With a deep understanding of
the regional food service landscape, T&J Oil provides tailored
solutions to meet the needs of local establishments.
ContactsJonathan OrCEO and
Co-founder Phone: +972 52-601-0680info@beyondoil.co
ARX | Capital Markets AdvisorsNorth American
Equities Deskbeyondoil@arxadvisory.com
TJ Oil Pty LtdOren Haas, CEOEmail: beyondoilau@gmail.com Phone:
+61 457 686 607
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.
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