Business
Beyond Oil Announces First Distribution Agreement in Portugal
VANCOUVER, BC and KIBBUTZ YIFAT, Israel, March 19, 2025 (GLOBE NEWSWIRE) -- Beyond Oil Ltd. (CSE:...
About this update from Beyond Oil Ltd
[{"type":"text","content":"Beyond Oil Announces First Distribution Agreement in PortugalDistribution Agreement with Serious Formula Ltd. establishes Beyond Oil’s presence in the Portuguese market; Agreement includes a five-year expected minimum purchase commitment plan amounting to €1.13 million\n\n\n\n VANCOUVER, BC and KIBBUTZ YIFAT, Israel, March 19, 2025 (GLOBE NEWSWIRE) -- Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9) (“Beyond Oil” or the “Company”), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability, is pleased to announce that it has signed its first distribution agreement (the “Agreement”) in Portugal with Serious Formula Ltd (“\n \n Serious Formula\n \n ” or\n \n the\n \n “\n \n Distributor\n \n ”)\n \n ,\n \n a Lisbon-based company specializing in the foodservice and hospitality sectors.\n \n\n Under the terms of the agreement, Serious Formula Ltd. will market, distribute, and sell Beyond Oil’s proprietary oil filtration solution to restaurants, hotels, catering companies, and institutional food providers across Portugal. The agreement includes an initial order of 1,080 kg of Beyond Oil’s product and establishes a structured expected purchasing plan including minimum estimated commitments of €1.13 million over the agreement’s five-year term*.\n \n\n Jonathan Or, CEO of Beyond Oil, commented: \"We are excited to enter the Portuguese market, an important step in our ongoing global expansion strategy. Portugal's foodservice industry is known for its deep culinary traditions and its commitment to quality and sustainability. Our partnership with Serious Formula Ltd. aims to bring Beyond Oil’s unique filtration technology to local businesses, helping them reduce oil consumption, improve food quality, and enhance operational efficiency. We look forward to supporting our distributor in introducing Beyond Oil to this dynamic market.\"\n \n\n Jivá Remtula, CEO of Serious Formula, added: \"As restaurant and hotel owners ourselves, we understand the important impact Beyond Oil’s product can have on our industry. In today’s world, sustainability and food safety are becoming increasingly c...