Beyond Oil Secures Global Supplier Approval from Restaurant Brands International
Vancouver, BC and Kibbutz Yifat, Israel – Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9) is thrilled to announce a significant milestone in its growth journey. The Company, known for its innovative food-tech solutions aimed at improving health standards associated with fried foods, has received global supplier approval from Restaurant Brands International (RBI). This global giant in the quick-service restaurant sector operates numerous well-known brands worldwide, and this approval opens doors to a vast network of opportunities.
Collaborating with Industry Leaders
With the newfound approval, Beyond Oil is now in a position to engage with RBI's extensive franchise network, which encompasses:
- Burger King - over 19,700 locations
- Popeyes - approximately 4,900 locations
- Tim Horton’s - around 6,000 locations
- Firehouse Subs - about 400 locations
This achievement enables Beyond Oil to implement its proprietary oil filtration and management solutions in these establishments, aiming for longer-lasting frying oil, enhanced food quality, and a commitment to sustainability.
A Stepping Stone for Expansion
This approval marks a transformative moment for Beyond Oil in its strategy to strengthen its presence within the global foodservice market. With more than 100 countries in its purview, Beyond Oil’s unique solutions are now likely to achieve extensive implementation across diverse markets.
Roy Harpaz, CEO of Burger King Israel, praised the collaboration, stating, "Our partnership with Beyond Oil has shown remarkable improvements in food quality and staff safety. Transitioning from changing oil every few days to just once or twice a month has significantly reduced safety concerns in our kitchens and allowed us to serve healthier meals to our customers. I am excited to see this innovative solution reach franchises globally."
Innovative Solutions in Action
Jonathan Or, CEO of Beyond Oil, expressed enthusiasm regarding the global approval, deeming it a crucial breakthrough. He stated, "This is a pivotal moment for our Company. Receiving global approval from a leader like RBI validates our impact in the industry and paves the way for broad implementation of our technology. We are eager to enhance operational efficiencies and food quality alongside RBI franchisees worldwide."
Beyond Oil’s patented technology not only extends the life of frying oil but also aligns perfectly with RBI's commitment to sustainability, contributing to reduced waste and operational costs while maintaining high food quality standards.
Initiating Active Business Development
Immediately following the approval, Beyond Oil is set to embark on proactive business development efforts with key franchisees who have been waiting to integrate the innovative product into their frying operations. The Company is committed to providing updates on the progress and implementation of its solutions in the market.
About Beyond Oil Ltd.
Beyond Oil Ltd. has focused for over 15 years on creating innovative solutions that alleviate health risks, promote sustainability, and decrease operational costs for food service providers. The patented technology has received regulatory clearances from authorities and is designed to mitigate risks associated with reused frying oil, a common practice in the food service industry. Beyond Oil’s aim is to address critical health issues while providing additional benefits like enhanced food quality, reduced costs, and less environmental impact.
For further details on Beyond Oil, feel free to get in touch through the following contact information:
Contacts:
Beyond Oil Ltd.
Jonathan Or
CEO and Co-founder
Phone: +972 52-601-0680
info@beyondoil.co
ARX | Capital Markets Advisors
North American Equities Desk
beyondoil@arxadvisory.com
Frequently Asked Questions
What is the significance of Beyond Oil's approval from RBI?
The approval from RBI enables Beyond Oil to implement its innovative solutions across a vast network of restaurants, paving the way for growth.
How does Beyond Oil's technology contribute to sustainability?
Beyond Oil’s technology extends the life of frying oil, reducing waste and improving operational efficiencies while maintaining food quality.
Which chains are included in RBI’s portfolio?
RBI’s portfolio includes big names such as Burger King, Popeyes, Tim Horton’s, and Firehouse Subs.
How is the technology beneficial for food safety?
By significantly reducing harmful compounds in reused oil, Beyond Oil’s solutions promote a safer kitchen environment and improve food quality.
What plans does Beyond Oil have following the approval?
The Company plans to engage actively with franchisees to integrate its technology into their operational processes and provide market updates.
