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Beyond Oil Ltd ( (TSE:BOIL) ) has provided an announcement.
Beyond Oil Ltd. has entered the Portuguese market through a distribution agreement with Serious Formula Ltd., marking its first commercial presence in the country. The agreement includes a five-year minimum purchase commitment of €1.13 million, with Serious Formula set to market and distribute Beyond Oil’s proprietary oil filtration solution across Portugal’s foodservice and hospitality sectors. This strategic move is part of Beyond Oil’s global expansion strategy, aiming to reduce oil consumption and improve food quality in Portugal’s culinary industry. The partnership is expected to accelerate market adoption through structured marketing, training programs, and product demonstrations, enhancing Beyond Oil’s international footprint and supporting sustainability and cost reduction in the food sector.
More about Beyond Oil Ltd
Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, enhancing sustainability, and lowering operational costs. With over 15 years of experience, the company offers patented technology that significantly reduces harmful compounds in frying oil, addressing health concerns and improving food quality. Their solutions are utilized in various sectors, including restaurants, hotels, and institutions, and have regulatory clearances from the FDA and Health Canada.
YTD Price Performance: 238.78%
Average Trading Volume: 156,094
Technical Sentiment Consensus Rating: Sell
See more data about BOIL stock on TipRanks’ Stock Analysis page.