Saffron Tech announces the successful proof of concept (POC) and refinement of its growing protocols in Controlled Environment Agriculture (CEA). With this achievement, Saffron Tech is poised to enter its next phase, potentially fostering partnerships, and driving revenue growth.
TEL AVIV, ISRAEL / ACCESSWIRE / June 20, 2024 / Sativus Tech (OTC Pink:SATT) subsidiary, Saffron Tech, a pioneer in saffron cultivation technology, proudly announces the successful completion of the saffron cultivation proof of concept (POC) executed together with Dreamtech Co in Korea. This milestone confirms the efficiency of Saffron Tech's innovative methods for cultivating saffron corms and growth protocols. The completion of the POC, marks a significant achievement as Saffron Tech has met all key performance indicators (KPIs) and targets.
"We are thrilled that our proof of concept has validated our solution for economical saffron cultivation," said Tal Wilk-Glazer, CEO of Saffron Tech. "This significant milestone, accomplished through our exceptional collaboration with Dreamtech's dedicated and professional team, confirms the effectiveness of our approach to cost-effective, high-quality saffron production. We eagerly anticipate the partnership and investment opportunities this breakthrough may unlock."
The demand for high-quality saffron is rising, particularly in the beauty, wellness, and pharmaceutical sectors. Saffron Tech aims to lead the market by offering premium-grade saffron cultivation and extraction technology, expanding the reach of saffron products. By leveraging its innovative technology, saffron can now be locally produced, paving the way for the development of new products with significant health and wellness benefits.
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About Saffron Tech:
Saffron Tech is pioneering saffron cultivation, aiming to be the global leader in supplying premium saffron using innovative Controlled Environment Agriculture (CEA) technology. Our goal extends beyond industry transformation; we're committed to expanding saffron's presence worldwide.
Through cutting-edge techniques, we've revolutionized traditional farming, enabling saffron cultivation three times a year. By achieving year-round production, we've eliminated saffron's seasonal constraints, making it available locally throughout the year.
With our large-scale, reliable production capability, Saffron Tech is poised to meet the demands of industries seeking to harness saffron's medicinal and therapeutic properties.
Stay connected with Saffron Tech for the latest developments by following the company on LinkedIn.
About Sativus Tech Corp:
Sativus Tech Corp (OTC: SATT) is a leading AgriTech company dedicated to transforming the world's food industry by providing foods that are in high demand and offer outstanding nutritional and medicinal benefits. We achieve this by utilizing advanced Controlled Environment Agriculture (CEA) technology, combined with thorough research and targeted market expansion strategies.
Our unique technology provides a sustainable answer to challenges in crop cultivation caused by environmental factors such as limited land, water scarcity, and unpredictable weather conditions.
About Dreamtech Co, Ltd:
Dreamtech Co., Ltd. is a leading provider and manufacturer of tech components for advanced mobile and medical devices. In March 2023, Dreamtech entered an investment agreement with Saffron Tech, committing an initial $1 million investment.
Forward-Looking Statements:
All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "expects," "anticipates," "intends," "estimates," "plans," "potential," "possible," "probable," "believes," "seeks," "may," "will," "should," "could" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These factors include uncertainties as to the Company's international manufacturing and supply chain, market acceptance of the Company's smart luggage, successfully implementing the Company's growth strategy, dependence on key Company personnel, changes in economic conditions, competition and other risks including, but not limited to, those described from in the Company's Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on November 14th, 2022, and other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and the Company disclaims any obligations to update these statements except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
Investor Relations:
Tal Wilk Glazer
CEO
(800) 608-6432
SOURCE: Saffron Tech Corp.
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