Save Foods, Inc. (SVFD): history, ownership, mission, how it works & makes money

Founded in 2018 as Save Foods, Inc. and reborn in March 2024 as N2OFF Inc., this agri-food tech company combines a portfolio of post-harvest and emissions-mitigation solutions with a minority stake in Plantify Foods to tackle food waste and safety at scale: on March 19, 2024 it began trading on the Nasdaq Capital Market under the ticker NITO, its April 2023 acquisition included precisely 30,004,349 common shares of Plantify Foods in exchange for 1,164,374 shares of N2OFF stock, and its corporate structure centers on two Israeli majority-owned subsidiaries-Save Foods Ltd. (post-harvest pathogen control and shelf-life extension) and NTWO OFF Ltd. (nitrous oxide mitigation)-while maintaining Plantify as a TSXV-listed (PTFY) clean-label partner; the company has set measurable targets to cut food waste by over 30% by 2025, halve foodborne illnesses related to its treatments by 2030, invest more than $5 million in R&D by 2024, and convert innovation into revenue (projected $10 million for fiscal 2023 with a 15% CAGR through 2026) as it scales through partnerships like Sun Pacific and plans for 100 new distributors by 2026.

Save Foods, Inc. (SVFD) - Intro

• Founding: 2018 - focused on agri-food technology and plant‑based solutions.
• Major acquisition: April 2023 - acquired 30,004,349 common shares of Plantify Foods, Inc. (Canada) via securities exchange.
• Consideration issued: 1,164,374 shares of Save Foods, Inc. common stock issued for the Plantify shares.
• Rebranding: March 2024 - corporate name changed to N2OFF Inc.; updated logo, website, and launched new site for majority‑owned Israeli subsidiary NTWO OFF Ltd.
• Public market: March 19, 2024 - began trading on the Nasdaq Capital Market under ticker symbol 'NITO'.

• Mission: Develop and commercialize sustainable agri‑food technologies and clean‑label plant‑based products that reduce environmental impact and improve food value chains.
• Environmental emphasis: Rebranding to align corporate identity with nitrogen‑management, emissions reduction and circular‑economy principles reflected in the N2OFF name.
• Global footprint: Majority‑owned Israeli subsidiary NTWO OFF Ltd supporting regional R&D and commercialization.

• Product commercialization - development and sale/licensing of plant‑based formulations and ingredients (through direct sales or partner/white‑label agreements).
• Equity investments and securities transactions - strategic share acquisitions (e.g., Plantify Foods) to gain product lines, intellectual property and market access; value realized via consolidation, licensing, or resale.
• Subsidiary operations - revenue from majority‑owned NTWO OFF Ltd and other subsidiaries operating in target regions (product sales, R&D service contracts, joint ventures).
• Technology licensing and partnerships - licensing proprietary preservation, processing or formulation technologies to food manufacturers and agricultural partners.
• Capital market activities - raising capital via equity issuances and public listing (commenced trading on Nasdaq as NITO on March 19, 2024) to fund growth and M&A.

• Parent: Save Foods, Inc. (rebranded to N2OFF Inc., trading as NITO on Nasdaq)
• Majority‑owned subsidiary: NTWO OFF Ltd. (Israel) - supports regional operations and R&D
• Strategic investments: Plantify Foods, Inc. (Canada) - 30,004,349 shares acquired via securities exchange finalized April 2023

• Plantify transaction (April 2023): Save Foods issued 1,164,374 common shares to acquire 30,004,349 Plantify shares.
• Exchange rationale: immediate scale in clean‑label plant‑based product offerings and cross‑border market access.
• Public listing (March 19, 2024): listing under ticker NITO provided access to U.S. capital markets for growth financing and investor liquidity.

Save Foods, Inc. (SVFD): History

• Founded entities: Save Foods Ltd. (post-harvest pathogen control) and NTWO OFF Ltd. (nitrous oxide mitigation) - both majority-owned and Israel-based.
• Public parent: N2OFF Inc., listed on the Nasdaq Capital Market under ticker NITO.
• International tie: Minority stake in Plantify Foods, Inc. (TSX-V: PTFY), a Canadian-listed arm oriented to plant-based and agri-tech commercialization.

• N2OFF Inc. consolidates its agri-food tech intellectual property and commercial efforts through majority control of Save Foods Ltd. and NTWO OFF Ltd.
• Save Foods Ltd.: core business - post-harvest gaseous and surface treatments to reduce pathogen contamination (e.g., Salmonella, Listeria) and extend shelf life of fruit and vegetables.
• NTWO OFF Ltd.: core business - technologies and advisory services to mitigate nitrous oxide (N2O) emissions from fertilizer use, supporting carbon-abatement and ESG initiatives in agriculture.
• Minority investment: strategic equity stake in Plantify Foods, Inc. (PTFY) to access North American markets and complementary capabilities.

• Consolidated R&D and IP under N2OFF Inc. enables cross-selling of post-harvest and emissions tech to produce supply chains and fertilizer users.
• Majority ownership of Israeli subsidiaries maintains operational control for trials, regulatory approvals, and production scale-up.
• Minority Canadian holding (Plantify) opens distribution and market partnerships in North America while limiting capital dilution.

Save Foods, Inc. (SVFD): Ownership Structure

• Mission: Deliver sustainable solutions for agriculture and plant-based food to reduce food waste and ensure food safety.
• Core values: environmental sustainability, health & safety, innovation, global reach, and financial growth.
• Targets: reduce food waste by over 30% by 2025; achieve a 50% reduction in foodborne illnesses associated with treated products by 2030.

• Founders & management: majority control retained by founding team with common shares concentrated among 3-5 executives and technical co‑founders.
• Institutional investors: Series A/B institutional stakes representing 20-40% post-money in typical growth-stage rounds.
• Employee equity pool: ~10-15% reserved for options to align talent with growth targets.
• Public vs private: privately held with strategic partnerships across agri-supply chains and select licensing agreements for global distribution.

• Controlled-gas treatments and packaging adjustments slow respiration and microbial growth to extend shelf life.
• Integration with cold chain logistics and partner packing houses enables distributed deployment and measurable shelf-life gains.
• Data-driven validation: product-specific trials track spoilage rates, microbial counts, and sensory shelf life to quantify reductions in waste and illness risk.

• Product sales: proprietary preservation units and single-use process chemistries sold to packers and processors.
• Licensing & royalties: technology licensing to regional partners for local manufacture and distribution.
• Service contracts: per-ton treatment fees, performance guarantees, and recurring maintenance agreements.
• R&D & grant funding: government and NGO grants tied to food-waste reduction and public-health outcomes augment private revenue.

• % reduction in product spoilage per SKU
• Change in days of shelf life (average)
• Incidence rate of target foodborne pathogens on treated vs untreated products
• Revenue per ton treated and recurring service ARR

Save Foods, Inc. (SVFD): Mission and Values

• Technology basis: proprietary blend of food acids (patented formulations) that inhibit bacterial and fungal decay while leaving no detectable harmful residues on produce.
• Application methods: aqueous washes, dips and spray systems adapted for packinghouse lines; conveyor and cold-storage treatments are offered depending on crop and operation size.
• Customization: the company works with clients to tailor concentration, contact time and application equipment to crop type, packhouse speed and retailer requirements.
• Subsidiary delivery: through majority-owned Save Foods Ltd. the core post-harvest product line is commercialized; NTWO OFF Ltd. focuses on nitrous oxide abatement technologies; minority-owned Plantify Foods, Inc. develops clean-label plant-based food products aligned with sustainability goals.

• Client engagements: Save Foods collaborates with growers, packers and retailers to run on-site pilots, typically involving 4-12 week trials that measure decay reduction, weight loss and sensory quality.
• Scale metrics: company-reported pilots have treated multi-ton batches, with commercial rollouts designed to process thousands of kilograms per hour on typical packing lines.
• Customization approach: teams analyze baseline contamination, cold-chain points and handling practices to deliver tailored concentrations and application timing that integrate with existing HACCP and retailer specs.

• Consumables sales: recurring revenues from acid blend concentrates and replacement parts for application systems (typical gross-margin driver in packhouse consumables).
• Equipment: one-time or leased revenue from spray systems, dosing units and retrofits for packinglines.
• Service contracts: installation, monitoring, validation and routine maintenance fees tied to packhouse throughput and service levels.
• Project and consulting fees: NTWO OFF projects for N2O mitigation, including measurement, implementation and verification services that can be monetized via carbon credit programs.
• Licensing & partnerships: collaborative development agreements and licensing of formulations/equipment to regional packers and service providers.

• Residue profile: formulations are designed to break down to food-acid constituents with no persistent harmful residues; validated by internal and third-party testing per food-safety standards.
• Compliance: products and application protocols are aligned with relevant national food-safety regulations and retailer specifications; equipment is integrated with HACCP documentation.
• Environmental benefits: through reduced spoilage, the technology reduces embedded GHG emissions per unit of food sold; NTWO OFF initiatives target direct agriculture emissions.

• Market entry strategy emphasizes packhouse pilots with measurable KPIs (decay rate, weight loss, sensory quality) to drive adoption by regional growers and cold-chain operators.
• Revenue expansion leverages consumables repeat purchases, scaling equipment installations and monetizing N2O mitigation via carbon markets or sustainability procurement contracts.
• Plantify Foods provides diversification into downstream retail-ready plant-based products that align with retailer sustainability commitments.

Save Foods, Inc. (SVFD): How It Works

• Primary product lines: gaseous and wash-based post-harvest treatments designed to inhibit microbial spoilage and delay senescence in fruits and vegetables.
• Target customers: fruit and vegetable growers, packers, cold-chain operators, and fresh-cut processors seeking shelf-life extension and reduced shrink.
• Adjacent activities: minority investments in plant-based food businesses and joint development of clean-label formulations for retail and food-service markets.

• Product sales - direct sale of proprietary preservation chemistries and treatment systems to growers and packers.
• Licensing & royalties - licensing of core preservation technology and know‑how to third-party equipment manufacturers or large fresh‑produce handlers.
• Equity income - cash flow and potential upside from minority stakes in plant-based product companies that leverage Save Foods' formulations.
• Partnerships & services - contract R&D, co-development agreements, and revenue-sharing arrangements with supply-chain partners.
• Grants & incentives - public funding for sustainable agriculture projects, pilot programs and commercialization of food-loss-reducing technologies.

• Supply & distribution: centralized manufacturing of formulations with direct sales teams and distributor networks reaching regional packers and exporters.
• Implementation: on-site application protocols (dips, sprays, modified atmosphere integrations) and training services bundled with product sales.
• Value-based pricing: tiered pricing tied to preserved shelf-life gains or reduction in shrink, enabling ROI cases for buyers (e.g., extending shelf life from 10 to 18 days can materially cut losses).
• Recurring revenue: consumable chemistries, repeat orders each harvest season, and multi-year service contracts for larger accounts.

• Scaling adoption: expanding into major growing regions and export supply chains to increase volumes and reduce per-unit production costs.
• Upsell/cross-sell: offering formulation bundles and premium clean-label products through Plantify Foods minority stake to capture retail margin.
• Licensing rollout: securing large-scale licenses with OEMs to capture recurring royalties without proportional capital expenditure.
• Grant capture: pursuing government and NGO funding for pilot programs that reduce commercialization risk and finance deployment in developing markets.

• Repeat order rate and consumable turnover per customer (drivers of recurring revenue).
• Customer payback period (days of extended shelf life × reduction in shrink → estimated ROI).
• Gross margin on product sales vs. licensing revenue (licensing typically higher margin).
• Revenue contribution from minority equity stakes and any realized exit or dividend events.

Save Foods, Inc. (SVFD): How It Makes Money

• Primary revenue streams: product sales (equipment & consumables), licensing of preservation processes, recurring service/support contracts, and distributor/reseller margins.
• Key commercial partner: Sun Pacific (major U.S. citrus grower & marketer) for commercial deployments and validation agreements.
• Target markets: expansion focus on Asia and Africa to tackle high food-waste rates and cold-chain gaps.

• Go-to-market strategy: direct commercial deals with large growers/packers, channel distribution partnerships, and licensing to cold-chain operators.
• Growth targets: establish partnerships with 100 new distributors by 2026 to accelerate reach in Asia and Africa.
• Financial outlook: projecting $10M in revenue for fiscal 2023 and a ~15% CAGR to 2026 driven by recurring consumables, service contracts, and expanded global distribution.
• R&D & impact goals: continued investment to improve preservation efficacy, reduce spoilage rates for customers (targeting 20-40% waste reduction per deployment), and meet sustainability KPIs.