Beyond Oil Expands Footprint to France as it Continues to Drive its Global Expansion Strategy Forward
January 31 2025 - 4:20PM
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 a partnership
with FollowFood, a key player in the French food industry. This
collaboration represents a significant step forward in Beyond Oil’s
European growth, aligning with its strategy to bring sustainable
and health-focused innovations to global markets.
FollowFood specializes in the import and
distribution of innovative solutions and collaborates with a wide
range of clients, including major restaurant chains, catering
services, and food production facilities across France. With over a
decade of experience, FollowFood has built a reputation as a
trusted partner for companies seeking cutting-edge solutions that
prioritize quality and sustainability.
This partnership introduces Beyond Oil’s unique
filtering powder to the French market, addressing the growing
demand for health-conscious, high-quality, and sustainable
solutions among food businesses. France is one of Europe’s largest
markets for the food service industry, presenting a significant
opportunity for Beyond Oil to expand its footprint across the
continent. FollowFood anticipates significant interest from its
network and projects robust demand for oil filtration products as
the market increasingly prioritizes sustainability and cost
efficiency. This milestone highlights the accelerating momentum of
the Company’s global expansion strategy.
Aviel Bitane, CEO of FollowFood, commented: “We
are proud to introduce Beyond Oil’s technology to France,
addressing key public health and sustainability challenges. By
collaborating with Beyond Oil, we reaffirm our commitment to
delivering innovative solutions that represent progress and
excellence in the food industry. This partnership also reflects our
dedication to supporting Israeli innovation and fostering
meaningful collaborations that advance public health and
environmental sustainability.”
Jonathan Or, CEO of Beyond Oil, stated: “We are
thrilled to partner with FollowFood to enter the French market, a
critical milestone in our European growth journey. This
collaboration not only expands Beyond Oil’s reach but also
underscores the demand for innovative and sustainable solutions in
the global food industry. We look forward to working closely with
Aviel Bitane and his team as we establish Beyond Oil as a leader in
sustainable food technology in France and beyond.”
About Beyond Oil Ltd.Beyond Oil
Ltd. is a food-tech innovation company with over 15 years of
dedication to creating solutions that mitigate health risks,
improve sustainability, and reduce costs for food service
companies. The Company’s patented technology, with regulatory
clearances from the FDA and Health Canada, significantly reduces
harmful compounds in frying oil, addressing critical health
concerns. Beyond Oil’s solution tackles a global issue in the food
industry: the widespread practice of reusing frying oil for
hundreds of cycles across several days. This practice is common in
restaurant kitchens, hotels, catering services, banquet halls,
fried food manufacturing plants, and institutions such as schools,
kindergartens, and military facilities. Beyond Oil's product is
backed by extensive research which has highlighted its value in
health risks associated with reused oil, including links to cancer
and cardiovascular diseases. Beyond Oil’s product provides an
effective means to mitigate these risks while offering additional
benefits such as improved food quality, operational cost savings,
and reduced environmental impact. For more information about Beyond
Oil, please Visit: www.beyondoil.co
About Follow Food:Follow Food
is a trusted and well-established distributor of high-quality food
products, proudly serving the restaurant industry in Paris, France
and its surroundings. Known for their commitment to excellence and
sustainability, they specialize in providing top-tier ingredients
that meet the diverse needs of culinary professionals. Together
with Beyond Oil, Follow Food is dedicated to delivering innovative,
healthier, and sustainable food solutions to the foodservice
market. For more information, see:
https://www.facebook.com/followfoodfr
ContactsJonathan OrCEO and
Co-founder Phone: +972 52-601-0680info@beyondoil.co
ARX | Capital Markets AdvisorsNorth American Equities
Deskbeyondoil@arxadvisory.com
FollowFoodEmail: info@followeb.frPhone: 06 17 43 62 45
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
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