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Beyond Oil Ltd
Symbol BOIL
Shares Issued 52,091,849
Close 2023-05-08 C$ 0.61
Market Cap C$ 31,776,028
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Beyond Oil notes health report on frying oil

2023-05-09 13:35 ET - News Release

Mr. Jonathan Or reports

PROFESSOR NISSIM GARTI OF THE HEBREW UNIVERSITY OF JERUSALEM PUBLISHES SCIENTIFIC REPORT ON POSITIVE HEALTH BENEFITS OF BEYOND OIL'S PRODUCT IN FRYING OIL

Beyond Oil Ltd. has noted the release of a comprehensive health report examining the health risks associated with the repeated use of frying oil and the potential health benefits of Beyond Oil's innovative technology. The health report is based on experiments and observations conducted over several years and validated by renowned scientist Professor Nissim Garti of the Hebrew University of Jerusalem.

Data and experiments

The health report includes assessments of the results from experiments carried out in the marketplace and also critically reviews past extended studies published in the scientific literature, patents, American and European Health Agencies, and legislation, reports and recommendations in view of the novel Beyond Oil technology. Prof. Garti also critically examined Beyond Oil's formulation (the Beyond Oil product) and has examined the results from independent analytical labs in untreated and repeatedly heated oils compared with the oils treated by the Beyond Oil product.

Health risks of frying oil -- including cancer

In addition to other severe health risks, the health report explains that the prolonged use of frying oil can lead to the formation of carcinogenic substances that might lead to cancer compounds such as polycyclic aromatic hydrocarbons (PAH) and acrylamide in fried food, and that these compounds have been linked in literature reports to several types of cancer and pose a significant health risk to consumers.

Observed health impacts of the Beyond Oil product

Prof. Garti referred to a set of experiments at a restaurant in Israel that all major PAH compounds were detected after continuous frying after four days without the Beyond Oil product at a total level of up to 40.29 plus/minus 0.57 microgram per kilogram of oil. However, in the same restaurant, oil was filtered with the Beyond Oil product during the four days of frying and "the result was amazing -- all PAH compounds were not detectable, and the total PAH was below 0.5 microgram per kilogram of oil."

With respect to acrylamide, Prof. Garti noted that there are many studies and evidence showing that acrymalide can cause cancer of the pancreas in humans, and it has also been shown to cause central nervous system, mammary, scrotum and other types of cancers. In the cited experiments, Prof. Garti noted that acrymalide levels in the untreated oil was very low, but in the oil that was treated with the Beyond Oil product, "the levels were reduced to non-detectable."

The health report also confirmed widely accepted evidence that the Beyond Oil product reduces other soluble impurities formed during the frying process that can form free fatty acids (FFA) and total polar minerals (TPM). By significantly reducing these compounds in frying oil, the health report concluded that the Beyond Oil product is a technological innovation that redefines the world of frying oils and represents a global breakthrough technological revolution.

"Several studies conducted worldwide in recent years have shown that Beyond Oil's formulation has the potential to significantly reduce the risk of morbidity and mortality from various types of cancers and other diseases -- which is particularly relevant given the direct link between fried food consumption and the development of many serious diseases," said Prof. Garti of the Hebrew University of Jerusalem. "I am confident in concluding that adopting Beyond Oil's innovative solution will enable restaurants, food producers and other food manufacturers to offer safer and healthier food to their customers, reducing the risk of severe diseases and improving the general health of the population."

"Beyond Oil is delighted to have one of the world's leading professors in food science and chemistry validating the health benefits of our innovative product," said Jonathan Or, chief executive officer and co-founder of Beyond Oil. "As an early stage food-tech company, we have been raising awareness for only one of the three key benefits of our product: providing cost savings for restaurants and food companies. As we continue to grow, we are going to raise public awareness for the other two key benefits: serving healthier food, which leads to improved health for consumers, and reducing environmental waste. We are thrilled to have Professor Garti publishing this comprehensive study on the health benefits of our product."

Prof. Garti received a one-time monetary compensation from the company for his research, as is customary in the industry.

Product highlights

Frying oils recovery: Extensive testing indicates that the Beyond Oil product extends the usable life of frying oil, improves product quality and reduces frying oil costs. As a preferential adsorbent, the product reduces soluble impurities formed during the frying process that cause damaging FFA and TPM, undesirable odors, off-flavours, and off-colours. The product is simple to integrate into existing daily filtration processes.

One of a kind: To the company's knowledge, Beyond Oil has developed a unique solution that can absorb the FFAs and TPMs generated in frying oil, together with other harmful components and undesired off-flavours, colours and odours.

Patent protected: The company also has a portfolio of registered and patent-pending solutions that extend the shelf life of produced and used vegetable oils.

Potential cost-savings: One of Beyond Oil's unique value propositions is that it can dramatically lower costs for quick-service restaurants by significantly extending the useful life of the oil while meeting food quality and safety requirements. For more information on how the Beyond Oil product extends the life of frying oil, see the company's news release dated Dec. 12, 2022.

Distribution ready: The company received a non-objection letter from the United States Food and Drug Administration (FDA) in March, 2022, on the basis that all the Beyond Oil product ingredients meet food-grade specifications of the FDA. In May, 2022, Beyond Oil received a non-objection letter from Health Canada and a National Sanitation Foundation certification. Beyond Oil is legally permitted to sell its product into the Israeli market according to the processing-aid and filtering-aid regulations.

How the Beyond Oil product works

The Beyond Oil product integrates with most passive filtration systems. The combination of active filtration by the powder and passive filtration by the filter media and filtration machine ensures the best results by removing other degradation particles. The powder remains on the filter media and creates an additional layer which provides the microfiltration benefit.

About Beyond Oil Ltd.

Beyond Oil develops and manufactures an innovative, proprietary and patented product designed to extend the life of frying oil while preserving the oil's quality and nutritional value. The unique product integrates into the existing filtration systems of both commercial and industrial fryers, reducing oil costs, helping create healthier food, decreasing waste and increasing sustainability.

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