NEVE YARAK, Israel – N2OFF, Inc. (NASDAQ: NITO) (FSE:80W), a clean tech company focused on energy and agri-tech solutions with a market capitalization of $13.7 million, announced today that its subsidiary, Save Foods Ltd. , successfully defended its European patent against opposition from ECOLAB Inc. According to InvestingPro data, the company’s stock showed significant closeness, with a 383% year-to-date return despite a recent 35% weekly decline. The disputed patent, EP2615932, relates to a method of protecting the edible product using a particular composition of performic acid, important in the technology of Save Foods.

The European Patent Office’s decision in favor of Save Foods could have significant implications for the company’s operations and market positioning. This technology is part of Save Foods’ commercial offering which is said to cut the use of pesticides in fresh produce by at least 50% and extend shelf life, which is in line with the European Union’s regulatory objectives to reduce the use of pesticides in agriculture.

David Palach, CEO of N2OFF and board member of Save Foods, expressed confidence that this legal victory will strengthen the company’s negotiations with global partners and demonstrate the uniqueness of their technology. He also emphasized the alignment of their solutions with EU agricultural policies.

Save Foods solutions are designed to improve safety and freshness from production to consumption, with initial application in post-harvest treatments for fruits and vegetables such as citrus, avocado, pear, apple , and mangoes. By preventing pathogen contamination and reducing chemical use, the company aims to deliver safer, natural products while also addressing food waste concerns.

N2OFF, formerly known as Save Foods, Inc., has various interests, including a majority-owned subsidiary, NTWO OFF Ltd., which focuses on reducing nitrous oxide emissions in agriculture, and a minority stake in Plantify Foods, Inc., a Canadian. company that offers clean label food products.

Retained by ECOLAB Inc. the right to appeal the decision until April 9, 2025. The European market for plant protection pesticides was worth $27.73 billion in 2021, with estimates to rise to $31.6 billion in 2026, indicating a huge market opportunity for Save Foods technology. .

This announcement is based on a press release statement, and the forward-looking statements contained therein are subject to various risks, uncertainties, and potential changes in market conditions. InvestingPro The analysis shows that the company maintains a strong financial position with a current ratio of 6.52 and zero debt, although it has remained unprofitable for the past twelve months. Investors seeking deeper insights into N2OFF’s financial health and growth prospects can access additional ProTips and comprehensive metrics through an InvestingPro subscription.

In other recent news, N2OFF, Inc. reported remarkable progress in its operations. The clean technology company recently raised approximately $1.5 million in gross proceeds from a private placement offering and settled an outstanding debt by acquiring a majority stake in Plantify Foods, Inc. from the Melz Municipal Committee for its solar photovoltaic project in Germany.

N2OFF has also expanded its reach into the European energy storage market through a strategic partnership with its Italian subsidiary Solterra Ltd, involving the purchase and development of two large Battery Storage Systems in Sicily. The company was also given an additional 180-day period to meet Nasdaq’s minimum bid price requirement, which reflects its compliance with the market value of its publicly held shares and all other initial public offerings. listing standard of the Nasdaq Capital Market.

InvestingPro analysts forecast revenue growth of around 31% for N2OFF in the current year. These are recent developments and are subject to change.

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