Business
Beyond Oil Announces Product Rollout by Franchisees in Israel from One of the World's Largest Fast-Food Chains
Supply Agreements & Full-Scale Adoption in Israel Following Completion of Successful Pilot Pr...
About this update from Beyond Oil Ltd
[{"type":"text","content":"Beyond Oil Announces Product Rollout by Franchisees in Israel from One of the World's Largest Fast-Food Chains Supply Agreements & Full-Scale Adoption in Israel Following Completion of Successful Pilot Programs VANCOUVER, BC AND KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / May 9, 2024 / Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF) (\"Beyond Oil\" or the \"Company\"), a food-tech innovation company reducing health risks, extending the life of frying oil, reducing costs and waste, is pleased to announce a new customer upon the successful completion of its joint pilot programs with franchisees of a major international food service parent company. The supply agreements provide for the full-scale adoption of Beyond Oil's product by one of the parent company's brands in Israel, which is one of the largest food chains in the world, now officially a customer.Extensive Collaboration Leads to Full-Scale ImplementationAfter rigorous multi-month trials and pilot programs in close partnership with the parent company and corporate team of the renowned global fast-food chain, Beyond Oil has demonstrated the effectiveness and benefits of its innovative product. This successful trial has resulted in a comprehensive rollout with the franchise group across all the food chain's outlets in Israel, establishing Beyond Oil's technology as a new operational standard. The pilot and subsequent implementation showcased substantial improvements in frying oil and food quality, yielding significant health benefits and enhancing key franchise group objectives such as environmental sustainability, employee well-being, guest experience, operational efficiency, and reductions in food and labor costs. In certain cases, the positive outcomes from the pilot exceeded the results in Beyond Oil's existing public disclosure materials; furthermore, additional benefits have been identified in the frying process as a result of Beyond Oil's disruptive product.\"This is a transformative moment for Beyond Oil,\" said Jonathan Or, CEO of Beyond Oil. \"Establishing a partnership with the franchise group that is supported from the broader organization of one of the largest fast food service chains in the world, from pilot testing to full-scale deployment, underscores the profound trust and value placed in our product. We are excited about the potential for expanding our reach with this ...