Business
Beyond Oil Commences Product Testing with Two National Restaurant Chains in Canada
VANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / July 19, 2022 / Beyond Oil Ltd. ( CSE...
About this update from Beyond Oil Ltd
[{"type":"text","content":"Beyond Oil Commences Product Testing with Two National Restaurant Chains in CanadaVANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / July 19, 2022 / Beyond Oil Ltd. (CSE:BOIL) (\"Beyond Oil\" or the \"Company\"), a food-tech innovation company extending the life of frying oil, reducing costs and waste, is pleased to announce that TEJA Food Group (\"TEJA\"), a distributor of Beyond Oil's product in Canada and the United States, has formalized product testing with two Canadian national restaurant chains in select restaurant locations to integrate Beyond Oil's powder into their operations.Success will be based on the product's performance in extending the useable life of their frying oil, reducing the number of times in a month oil needs to be replaced and without changes to the quality or taste of the food. As with previous tests and pilot programs, it is expected that each of these restaurant chains will generate significant savings, even with the inclusion of the Beyond Oil product cost.\"Cooking oil prices have risen dramatically over the last year, causing increased cost pressures for restaurant owners and other food producers,\" says Tom Grande, President of TEJA. \"These inflationary costs have hit consumers and the food service industry alike. Our customers are seeking solutions to combat these inflationary pressures, and we believe the Beyond Oil product will help achieve those results.\"Beyond Oil's fry oil enhancement additive is a 100% natural product that will not adversely affect the taste or quality of fried foods. As announced previously, Beyond Oil has received a non-objection letter from the U.S. Food & Drug Administration (\"FDA\") to sell its product in the United States. Beyond Oil has also received a non-objection letter from Health Canada to sell its product in the Canadian markets.\"We are pleased to see growing interest from restaurants, food chains, and food producers who have begun to realize the significant benefits our product can deliver for the companies, the customers, and the planet,\" said Dr. Tamir Gedo, CEO of Beyond Oil. \"We believe these new restaurant-level tests will confirm that our product will meet or exceed the expectations of these national chains across several key metrics. This is an exciting next step in progressing towards our product commercialization in North America.\"The...