Mr. Jonathan Or reports

BEYOND OIL SHIPS PRODUCT TO OIL SOLUTIONS GROUP & VITAL HOSPITALITY

Beyond Oil Ltd., further to the news releases disseminated on Aug. 1, 2023, and Aug. 9, 2023, has shipped an aggregate of 3.2 tons of its product to Oil Solutions Group Inc. in the United States and to Vital Hospitality Ltd. in the United Kingdom. These shipments represent the first commercial shipments of the Beyond Oil product to the United States and the United Kingdom.

Shipments of product

The shipments will serve multiple purposes, including customer demonstrations and the introduction of Beyond Oil product to new customers throughout the United States and the United Kingdom. These shipments represent a critical milestone in the partnerships between Beyond Oil and Oil Solutions Group and Vital Hospitality, while also expanding Beyond Oil's market presence in the United States and the United Kingdom.

Bulk packaging

Further to the news release dated Sept. 7, 2023, the Beyond Oil product that was shipped to Oil Solutions Group was the first product shipped and sold in Beyond Oil's new bulk packaging. The bags contain 2.5 kilograms of product in order to give restaurant customers that have different volumes of oil in their fryers the flexibility to easily use the amount of Beyond Oil product needed for their respective volumes of oil.

"The food markets in the United States and the United Kingdom are primary targets for Beyond Oil," said Jonathan Or, chief executive officer and co-founder of Beyond Oil. "We are looking forward to our partners impressing their existing and future customers with our unique product as we penetrate those markets together."

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 and prevents the formation of harmful components such as free fatty acids (FFA), total polar materials (TPM), acrylamide, polycyclic aromatic hydrocarbons (PAHs), trans fats and other impurities, ensuring frying oil stays fresh and fried food tastes fantastic.

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 U.S. Food and Drug Administration 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 into the existing filtration systems of both commercial and industrial fryers. The combination of active filtration by the powder and passive filtration by the filter and filtration machine ensures the best results by removing other degradation particles. The powder remains on the filter and creates an additional layer which provides the microfiltration benefit.

About Beyond Oil Ltd.

Beyond Oil is an innovative food tech company dedicated to transforming the way people consume and produce food. Beyond Oil provides sustainable solutions for the food industry, prioritizing environmental protection and the well-being of its workers and customers. The company's innovative solutions help reduce costs for its partners and clients while ensuring responsible and ecofriendly practices. Beyond Oil is committed to environmental responsibility, minimizing the carbon footprint of the food industry on the planet. By implementing cutting-edge techniques, the company delivers a healthier final product by reducing the formation of carcinogenic substances in fried food. The company's vision is to create a more sustainable future where food safety, cost efficiency and environmental consciousness come together seamlessly.

We seek Safe Harbor.