Key Takeaways:
- Patent Victory: Save Foods Ltd., a subsidiary of N2OFF, Inc. (NASDAQ: NITO, FSE: 80W), successfully defended its European patent EP2615932 against opposition by ECOLAB Inc.
- Appeal Period: ECOLAB has the right to appeal the decision to the European Patent Register by April 9, 2025.
- Technology Focus: The patent covers a method of protecting edible matter using a proprietary performic acid composition, which reduces pesticide use by at least 50% while extending the shelf life of fresh produce.
- Market Potential: The European pesticide market is valued at $27.73 billion (2021), with a forecast of $31.6 billion by 2026, offering significant growth opportunities for Save Foods.
- Alignment with EU Goals: The decision supports the EU’s efforts to reduce pesticide use in agriculture, showcasing Save Foods’ commitment to sustainability.
What Was the Outcome of the Patent Opposition?
Save Foods Ltd., a subsidiary of N2OFF (Profile), announced a favorable outcome in a European patent opposition case filed by ECOLAB Inc. The patent in question, EP2615932, protects a method for preserving edible matter using a specific performic acid composition, a core component of Save Foods’ proprietary technology.
This victory reinforces the company’s intellectual property position and provides a platform for advancing its commercial solutions in the European market. ECOLAB retains the right to appeal the decision by April 9, 2025.
What Does Save Foods’ Technology Do?
Save Foods’ proprietary technology utilizes a patented performic acid composition to protect fresh produce. Key benefits include:
- Reducing pesticide use by at least 50%.
- Extending the shelf life of fresh produce.
- Offering sustainable alternatives that align with regulatory goals.
David Palach, CEO of N2OFF and board member of Save Foods, highlighted the importance of this development: “The favorable outcome for Save Foods is an important development both for Save Foods and N2OFF alike. We believe the decision will help strengthen Save Foods’ position in ongoing negotiations with leading companies across the globe, demonstrating the unique value of Save Foods’ technology.”
How Does This Align With EU Goals?
The EU has been actively working to reduce pesticide use in agriculture, making sustainable solutions a priority for compliance. Save Foods’ technology supports these efforts by providing an innovative approach that reduces chemical use while preserving the quality and shelf life of produce.
Palach added, “This achievement aligns perfectly with the EU’s efforts to reduce pesticide use in agriculture, offering a sustainable and innovative solution to meet these stringent regulatory goals.”
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