"Beyond Oil's innovative solution makes a huge contribution to humanity in the medical field, reducing morbidity and mortality from cancers caused by exposure to frying fumes, thereby making a great contribution to improving the general health of the population."
- Prof. Oren Fruchter. M.D.
VANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / October 11, 2023 / Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF) ("Beyond Oil" or the "Company"), a food-tech innovation company extending the life of frying oil, reducing costs, waste and health risks, is excited to unveil a ground-breaking Medical Opinion¹ by the Director of the Pulmonary Division of the Wolfson Medical Center, Professor Oren Fruchter. The Medical Opinion underscores the profound positive impacts on workers' health brought about by Beyond Oil's pioneering technology in mitigating occupational health risks associated with the exposure to reused frying oil fumes, aligning with a preventative health approach that has been adopted by most of the world's healthcare systems.
A Hidden Risk to Kitchen Workers
Kitchen workers in various settings, including restaurants, hotels, frying factories, and more, unknowingly inhale frying fumes from oil reused multiple times, putting them at risk of various cancers.² While the medical field typically focuses on treating cancer, Beyond Oil's filter powder offers a preventive approach, potentially reducing cancer morbidity and mortality caused by frying fume exposure.
Impacts of Beyond Oil's Innovative Solution on Workplace Health
Professor Fruchter's Medical Opinion concludes that Beyond Oil's technology adoption, along with the use of their filter powder, empowers the food industry to provide safer and healthier food to consumers while creating a safer working environment for kitchen staff exposed to frying fumes. He emphasizes the critical risk faced by kitchen workers in various settings, from restaurants and hotels to frying factories, who unknowingly breathe in fumes from oil that has been reused multiple times, putting them at risk of various cancers.
Overall, Professor Fruchter emphasizes the risks faced by workers in the food industry, with an emphasis on the exposure of workers in their workplaces, whether it be in restaurants, frying plants, hotel kitchens and others, underscoring the importance of addressing occupational health hazards in various workplace environments.
Unlike most medical advancements addressing cancer treatment, Beyond Oil's filter powder represents a preventive measure with the potential to reduce morbidity caused by exposure to frying fumes. This innovative solution contributes significantly to public health by curbing cancer-related morbidity and mortality resulting from such exposure, aligning with global healthcare systems' preventive health approach.
In the Medical Opinion, Professor Fruchter concludes that "Beyond Oil's innovative solution makes a huge contribution to humanity in the medical field, reducing morbidity and mortality from cancers caused by exposure to frying fumes, thereby making a great contribution to improving the general health of the population. The preventive health approach as noted above, adopted by most of the world's health systems, can benefit from increasing public awareness of the issue, from setting and enforcing appropriate regulation, and from greater awareness in the system of this morbidity and its sources."
"Beyond Oil is delighted to have one of the world's leading professors and medical specialists validating the health benefits of our innovative product," said Jonathan Or, CEO and Co-founder of Beyond Oil. "As the public demands better working conditions for employees all over the world, we are continuing to raise awareness of the health benefits of our innovative product for workers and consumers alike. We are thrilled to have Professor Fruchter publish this medical opinion on the health benefits of our product."
The Dangers of Repeated Frying Oil Exposure
The Medical Opinion is based on existing medical literature, including publications by various legislative authorities, American and European health authorities and other studies and meticulously reviews established research on the negative health consequences of inhaling frying fumes in various culinary settings, including restaurants and industrial frying facilities. It highlights associations with chronic obstructive pulmonary disease (COPD), lung cancer, and cardiovascular diseases linked to exposure to poly-aromatic hydrocarbons (PAH) from frying fumes.
The report also delves into the risks posed by acrylamides (AA) exposure through inhaling re-frying fumes in cooking oil, as well as skin contact. Recent research addressing the risk of cardiovascular disease and neurotoxicity from AA exposure is cited.
About Professor Oren Fruchter
Professor Oren Fruchter, MD, is the Director of the Pulmonary Division of the Wolfson Medical Center and the Faculty of Medicine, Tel Aviv University. He is an internal medicine specialist (Hons), a specialist in pulmonary medicine (laude) and has also served as the Clinical Associate Professor at the Tel Aviv University School of Medicine since 2015.
Professor Fruchter received a one-time monetary compensation from the Company for his research, as is customary in the industry. The Medical Opinion is available for download on Beyond Oil's website - click HERE.
Product Highlights
Frying Oils Recovery: Extensive testing indicates that the Beyond Oil Product extends the usable life of frying oil, improves product quality, and reduces frying oil costs. As a preferential adsorbent, the product reduces and prevents the formation of harmful components such as Free Fatty Acids, Total Polar materials, acrylamide, polycyclic aromatic hydrocarbons, trans fats, and other impurities, ensuring frying oil stays fresh and fried food tastes fantastic.
Patent Protected: The Company also has a portfolio of registered and patent-pending solutions that extend the shelf-life of produced and used vegetable oils.
Potential Cost-Savings: One of Beyond Oil's unique value propositions is that it can dramatically lower costs for quick-service restaurants by significantly extending the useful life of the oil while meeting food quality and safety requirements. For more information on how the Beyond Oil Product extends the life of frying oil, see the Company's news release dated December 12, 2022.
Distribution Ready: The Company received a non-objection letter from the US Food & Drug Administration ("FDA") in March 2022, on the basis that all the Beyond Oil Product ingredients meet food-grade specifications of the FDA. In May 2022, Beyond Oil received a non-objection letter from Health Canada and a National Sanitation Foundation certification. Beyond Oil is legally permitted to sell its product into the Israeli market according to the processing-aid and filtering-aid regulations.
How the Beyond Oil Product Works
The Beyond Oil Product integrates into the existing filtration systems of both commercial and industrial fryers. The combination of active filtration by the powder and passive filtration by the filter and filtration machine ensures the best results by removing other degradation particles. The powder remains on the filter and creates an additional layer which provides the microfiltration benefit.
¹ Fruchter, Oren, "Health Risks of Occupational Exposure to Frying Oil and the Innovative Solution for Reducing Cancer Morbidity Caused by this Exposure Using Beyond Oil Technology". Wolfson Medical Center (September 2023) (the "Medical Opinion").
² For example, see Bhurosy T. Marium A, Karaye IM, Chung, T, "Where There are Fumes, There May Be Lung Cancer: A Systematic Review on the Association Between Exposure to Cooking Fumes and the Risk of Lung Cancer in Never Smokers." Cancer Causes Control (2023) June; 34(6): 509-20. Epub 2023. Apr 8 PMID: 37031313.
About Beyond Oil Ltd.
Beyond Oil is an innovative food-tech company dedicated to transforming the way we consume and produce food. We provide sustainable solutions for the food industry, prioritizing environmental protection and the well-being of its workers and customers. Our innovative solutions help reduce costs for our partners and clients while ensuring responsible and eco-friendly practices. We are committed to environmental responsibility, minimizing the carbon footprint of the food industry on our planet. By implementing cutting-edge techniques, we deliver a healthier final product by reducing the formation of carcinogenic substances in fried food. Our vision is to create a more sustainable future where food safety, cost efficiency, and environmental consciousness come together seamlessly. For more information, visit our website at: www.beyondoil.co.
Contacts
Jonathan Or
CEO and Co-founder
info@beyondoil.co
Caroline Sawamoto
Investor Relations
1-647-691-9801
ir@beyondoil.co
Forward Looking Statement and Information
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 the Company. 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.
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