Beyond Oil Secures Key Payment from Latitude, Expanding Growth
Beyond Oil's Latest Achievement with Latitude Ltd.
Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9), a leading food-tech innovation company, is thrilled to share that it has secured payment for a significant order from Latitude Ltd. This payment marks a pivotal step in their Master Distribution Agreement, showcasing the increasing demand for healthier frying solutions in the industry.
Impressive Order Increase Highlights Market Demand
The recent order from Latitude, totaling 21.6 tonnes of Beyond Oil products, showcases a remarkable 100% increase from the previous January order of 10.8 tonnes and a 31% growth from the 16.48 tonnes ordered in February. This surge in orders not only underscores the strength of the collaboration but also reflects the growing appetite from consumers for more health-conscious options in fried foods.
Strategic Collaboration Driving Success
Jonathan Or, the CEO of Beyond Oil, emphasizes how the March order continues to build momentum in the food service sector. He highlights Latitude’s robust distribution network as a crucial driver of this growth, allowing Beyond Oil to reach various levels of customers, from small eateries to larger restaurant chains. This partnership aims to enhance operational efficiency while maintaining superior product quality.
About Beyond Oil: Pioneering Healthier Solutions
Beyond Oil Ltd. is dedicated to innovating solutions that address critical health risks associated with the widespread practice of reusing frying oil in food establishments. With over 15 years in the industry, Beyond Oil utilizes patented technology to minimize harmful compounds in frying oil, benefiting food service companies and consumers alike.
Health Benefits and Sustainability
The company’s innovative approach tackles essential health concerns linked to reused frying oil, which has been associated with severe health issues. Their technology not only enhances food quality and contributes to cost savings but also significantly reduces the environmental impact of food preparation.
Expanding Reach in the Market
This strategic partnership with Latitude positions Beyond Oil for a broader market penetration across the U.S. food service industry, an opportunity to weave sustainability into everyday cooking practices.
Ongoing Commitment
Beyond Oil is committed to developing sustainable solutions that not only meet healthcare standards but also empower food businesses to deliver higher quality meals. The company's products have received regulatory clearances from authorities, further asserting their commitment to safety and innovation.
Future Prospects
With minimum purchase commitments reaching US$8.3 million in the 2025 fiscal year under the master agreement, Beyond Oil is poised for growth while continuing to prioritize health-conscious food solutions.
Frequently Asked Questions
What products does Beyond Oil provide?
Beyond Oil specializes in innovative frying solutions that reduce health risks associated with reused cooking oils, enhancing food quality while being environmentally friendly.
How has Beyond Oil's partnership with Latitude Ltd. evolved?
The partnership has expanded order sizes significantly, reflecting a growing demand for their health-conscious frying solutions in the foodservice industry.
What health issues does Beyond Oil aim to address?
Beyond Oil focuses on reducing harmful compounds found in reused frying oils, which have been linked to various health risks, including cancer and cardiovascular diseases.
Why is the March order significant for Beyond Oil?
The March order not only showcases an increase in demand but also highlights the strength of the collaboration with Latitude, reinforcing their market position.
How can one learn more about Beyond Oil Ltd.?
For additional information about Beyond Oil and their innovative products, interested parties are encouraged to visit their official website.
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