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Beyond Oil Kicks Off Initial Sales and Pilots in the U.S. and Appoints Industry Veteran Jason Hatfield to Lead U.S. Sales

Beyond Oil Kicks Off Initial Sales and Pilots in the U.S. and Appoints Industry Veteran Jason Hatfield to Lead U.S. Sales

Beyond Oil在美國啓動首次銷售和試點,並任命行業資深人士Jason Hatfield負責美國銷售
GlobeNewswire ·  12/03 21:00

Beyond Oil continues to grow its Global footprint, with Three Customers Piloting the Company's Innovative Solution as part of its Advancement into the U.S Food Service Market

Beyond Oil持續擴大其全球足跡,三位客戶正在試點該公司的創新解決方案,作爲其進入美國食品服務市場的推進的一部分

VANCOUVER, BC and KIBBUTZ YIFAT, Israel, Dec. 03, 2024 (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 provide an update on the significant progress it has made in its growing U.S. market penetration, including initial pilots with three U.S. customers and initial sales.

加拿大溫哥華和以色列基布茲伊法特,2024年12月3日(全球新聞熱線)-- Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (法蘭克福: UH9)("Beyond Oil"或"公司"),一家專注於降低與油炸食品相關的健康風險,同時降低運營成本、最小化浪費和增強可持續性的食品科技創新公司,欣然提供其在美國市場滲透的顯著進展,包括與三位美國客戶的初步試點和初步銷售。

As part of its U.S. expansion, the Beyond Oil recently appointed Jason Hatfield as Director of U.S. Sales. Hatfield, a veteran of the food service industry, brings over 20 years of experience at leading organizations such as Sysco Corporation, Ecolab (NYSE: ECL), and Restaurant Technologies, Inc., where he specialized in oil management and food service solutions. His deep expertise in sales and operations is already driving meaningful results for Beyond Oil in the U.S. market.

作爲其美國擴展的一部分,Beyond Oil最近任命傑森·哈特菲爾德爲美國銷售董事。哈特菲爾德是食品服務行業的資深人士,在Sysco Corporation、藝康集團(紐交所: ECL)和餐飲科技公司等領先機構擁有超過20年的經驗,專注於油管理和食品服務解決方案。他在銷售和運營方面的深厚專業知識已在美國市場爲Beyond Oil帶來了顯著成果。

This appointment has led to key milestones, including the launch of pilot programs with three notable U.S. customers: a regional multi-unit restaurant group based in the U.S., a nationally recognized full-service restaurant group, and a leading American university. Beyond Oil has also achieved initial small-scale sales, providing further validation from the U.S. market for its proprietary oil filtration technology, which reduces oil consumption, improves operational efficiency, and enhances sustainability. These milestones set the stage for a broader rollout across the U.S. food service industry.

這一任命帶來了關鍵的里程碑,包括與三位顯著的美國客戶啓動試點項目:一家基於美國的區域型多單位餐廳集團、一家全國知名的全服務餐廳集團,以及一家領先的美國大學。Beyond Oil還實現了初步的小規模銷售,爲其專有的油過濾技術提供了進一步的美國市場驗證,該技術減少了油的消耗,提高了運營效率,並增強了可持續性。這些里程碑爲在美國食品服務行業的更廣泛推廣鋪平了道路。

The U.S. is home to a large and fast-growing food service market, which was valued at US$820 billion in 2024 and is projected to grow to US$1.37 trillion by 20291. With FDA clearance and compliance with rigorous international standards such as HACCP, FSSC 22000, ISO 9001, Kosher, and Halal certifications, Beyond Oil believes it is well-positioned to scale its sales and operations in the U.S.

美國擁有一個龐大且快速增長的食品服務市場,2024年市場價值8200億美金,預計到20291年將增長至1.37萬億美金。憑藉FDA的許可和遵從嚴格的國際標準,如HACCP、FSSC 22000、ISO 9001、猶太潔食和清真認證,Beyond Oil相信它在美國的銷售和運營方面具有良好的擴展潛力。

Jonathan Or, CEO of Beyond Oil, commented: "Expanding into the U.S. market is a pivotal step in our mission to revolutionize the food service industry with sustainable and cost-effective solutions. Under Jason's leadership, we are already seeing meaningful progress, including initial pilots with key customers. We are thrilled to welcome Jason to the team and look forward to his contributions as we grow our U.S. operation. This is a particularly exciting time for Beyond Oil, as we expand our reach to multiple new geographies, including, most recently, Europe and Asia, as well as these latest developments in the U.S."

Beyond Oil的首席執行官Jonathan Or評論道:"拓展進入美國市場是我們通過可持續和具有成本效益的解決方案來革新餐飲服務行業的重要一步。在Jason的領導下,我們已經看到有意義的進展,包括與關鍵客戶的初步試點。我們非常高興歡迎Jason加入團隊,並期待他在我們擴展美國控件時的貢獻。這對Beyond Oil來說是一個特別激動人心的時刻,因爲我們正在向多個新的地區擴展,包括最近的歐洲和亞洲,以及在美國的最新進展。"

Jason Hatfield, Beyond Oil's new Director of U.S. Sales, added: "Beyond Oil's innovative technology addresses critical challenges in the food service industry, offering a compelling value proposition to operators. Having seen firsthand how customers in the U.S. are responding during initial pilots, I have been truly impressed by the product's ability to reduce costs while improving sustainability and operational efficiency. I am excited to help expand Beyond Oil's presence across the market."

Beyond Oil的新任美國銷售董事Jason Hatfield補充說道:"Beyond Oil的創新科技應對了餐飲服務行業的關鍵挑戰,爲經營者提供了一個引人注目的價值主張。在初步試點中,我親眼看到美國客戶的反應,產品在降低成本的同時提高可持續性和運營效率,給我留下了深刻的印象。我很高興能夠幫助拓展Beyond Oil在市場上的影響力。"

Grant of Incentive Securities

激勵證券贈予

The Company also reported that it has granted 2,325,000 Restricted Share Units (the "RSUs") to certain directors, officers and advisers, of which 2,225,000 are to existing directors, pursuant to the Company's Omnibus Equity Incentive Plan, approved and amended by the shareholders of the Company on April 25, 2024 (the "Plan"). 2,225,000 of the RSUs will vest after one year from the grant date, and 100,000 will vest as follows: (a) 25% will vest on December 2, 2025; and (b) 75% will vest in three equal installments, with 1/3 vesting on March 2, 2026; 1/3 vesting on March 2, 2027 and 1/3 vesting on March 2, 2028. After vesting, the RSUs will convert into common shares of the Company ("Common Shares"). The RSUs expire on December 2, 2034. Additionally, the Company reportes that, in compliance with the Plan, it has granted a total of 290,000 stock options (the "Options") to directors, officers and advisers, of which 110,000 are to existing directors. The Options are exercisable at a price of C$1.63 per Common Share, and a vesting schedule allowing for the vesting of the Options as follows: 110,000 of the Options will vested after one year from the grant date, the remaining will vest as follows: (a) 25% of the Options will vest on December 2, 2025; and (b) 75% of the Options will vest in three equal installments, with 1/3 vesting on March 2, 2026; 1/3 vesting on March 2, 2027 and 1/3 vesting on March 2, 2028. The Options expire on December 2, 2034.

公司還報告已向某些董事、官員和顧問授予了2,325,000個受限股份單位("RSUs"),其中2,225,000個授予現任董事,依據公司於2024年4月25日經股東批准及修訂的全方位股權激勵計劃("計劃")。其中2,225,000個RSUs將在授予日起一年後歸屬,100,000個將按以下方式歸屬:(a) 25%將於2025年12月2日歸屬;(b) 75%將分三期歸屬,分別爲:1/3將於2026年3月2日歸屬;1/3將於2027年3月2日歸屬;1/3將於2028年3月2日歸屬。歸屬後,RSUs將轉換爲公司的普通股("普通股")。RSUs於2034年12月2日到期。此外,公司報告稱,依照計劃,總共已授予290,000個股票期權("期權")給董事、官員和顧問,其中110,000個授予現任董事。期權的行使價爲每股普通股C$1.63,期權的歸屬時間表如下:110,000個期權將在授予日起一年後歸屬,剩餘的將按以下方式歸屬:(a) 25%的期權將在2025年12月2日歸屬;(b) 75%的期權將分三期歸屬,分別爲:1/3將於2026年3月2日歸屬;1/3將於2027年3月2日歸屬;1/3將於2028年3月2日歸屬。期權於2034年12月2日到期。

About Beyond Oil Ltd.
Beyond Oil Ltd. is an innovative food tech company in the health sector, with over 15 years dedicated to disruptive solutions and has registered patents in Israel, the USA and Europe, as well as clearance from the FDA, the Ministry of Health in Israel and Health Canada. The Beyond Oil product mitigates cancer and cardiovascular risks in fried and processed foods consumed in our day-to-day lives. Beyond Oil provides a disruptive solution for food-processing and food-service companies striving to produce & serve healthier food, increase sustainability, while improving food quality and saving their costs. For more information, visit our website at: .

關於 Beyond Oil Ltd。
超越油有限公司是一家創新的食品科技公司,專注於健康領域,致力於顛覆性解決方案超過15年,並在以色列、美國和歐洲獲得了註冊專利,同時獲得了FDA、以色列衛生部和加拿大衛生部的批准。超越油產品減輕了我們日常生活中消費的油炸和加工食品的癌症和心血管風險。超越油爲食品加工和餐飲公司提供了一種顛覆性解決方案,以努力生產和提供更健康的食品,提高可持續性,同時改善食品質量並節省成本。欲了解更多信息,請訪問我們的網站:.

Forward Looking Statement and Information

前瞻性聲明和信息

The Canadian Securities Exchange has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking statements" within the meaning of the securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. In addition, we cannot assure that any patent will be issued as a result of a pending patent application or, if issued, whether it will be issued in a form that will be advantageous to us. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time at sedarplus.ca. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. The Company is not responsible for the contents of third-party websites.

加拿大證券交易所對公司的優點沒有進行任何評估,也沒有批准或不批准本新聞稿的內容。加拿大證券交易所和市場監管機構(如該術語在加拿大證券交易所的政策中定義)均不承擔此新聞稿的充分性或準確性責任。本新聞稿包含「前瞻性聲明」,這些聲明意在利用安全法。這樣的詞語「期望」,「預計」,「計劃」,「認爲」,「尋求」,「估計」等表達或這些詞語的變體,旨在識別前瞻性聲明。前瞻性陳述不是歷史事實,並基於管理層的當前預期,信仰和投射,其中許多本質上具有不確定性。這些期望,信念和投射是出於善意表達的。然而,不能保證管理層的期望,信念和投射將會實現,實際結果可能會與前瞻性陳述中表達的情況有所不同或指示。此外,我們不能保證任何專利將作爲待審專利申請的結果發放,或者如果發放,是否將以對我們有利的形式發放。前瞻性聲明受到可能導致實際表現或結果與前瞻性聲明中表達的表現或結果不同的風險和不確定性的影響。有關影響公司的風險和不確定性的更詳細的描述,請參考公司不時提交的報告darplus.ca。前瞻性聲明僅在表態作出該聲明的日期時存在。公司假定無義務更新前瞻性聲明以反映實際結果,隨後發生的事件或情況,假設的變化或影響前瞻性信息的其他因素的變化,除非適用的證券法律要求這樣做。如果公司確實更新了一個或多個前瞻性聲明,不應推斷公司將在這方面或其他前瞻性聲明方面進行其他更新。提供的引用和鏈接到網站僅供參考,而此類網站上的信息未納入本新聞稿。公司不對第三方網站的內容負責。

Contacts
Jonathan Or
CEO and Co-founder
Phone: +972 52-601-0680
info@beyondoil.co

聯繫方式
Jonathan Or
首席執行官及聯合創始人
電話:+972 52-601-0680
info@beyondoil.co

ARX | Capital Markets Advisors
North American Equities Desk
beyondoil@arxadvisory.com

ARX | 資本市場顧問
北美股票交易臺
beyondoil@arxadvisory.com

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