VANCOUVER, British Columbia, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Beyond Oil Ltd. (TSX: BOIL) (OTCQB: BEOLF) (“Beyond Oil” or the “Company”), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste and enhancing sustainability, today announced that it will hold a Special Meeting of Shareholders (the “Special Meeting”) on Thursday, March 12, 2026, at 8:00 a.m. (Pacific time). The Company intends to continue, subject to recei ...

Core Viewpoint - EnWave Corporation will report its financial results for Q1 2026 on February 19, 2026, after market close, with a conference call scheduled for February 20, 2026, to discuss the results and business outlook [1][2]. Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a patented Radiant Energy Vacuum (REV™) technology that offers superior efficiency, capacity, product quality, and cost-effectiveness compared to traditional drying methods [4]. - The company has over fifty partners across twenty-four countries and five continents, enabling them to create innovative snacks and ingredients while improving the quality and consistency of existing products [5]. Business Strategy - EnWave's strategy focuses on signing royalty-bearing commercial licenses with food producers to enhance their drying processes, allowing them to produce new products, achieve optimal moisture levels up to seven times faster, and improve taste, texture, color, and nutritional value [6].

Core Insights - ReposiTrak has announced that its Touchless Traceability™ solution is patent pending, marking a significant innovation in food traceability and regulatory compliance [1] - The Touchless Traceability™ solution is a key feature of the ReposiTrak Enterprise Platform, allowing for automated, end-to-end food traceability without the need for manual case scanning or changes to existing warehouse management systems (WMS) [1] - This solution addresses a major challenge related to compliance with FSMA 204, which is crucial for food safety regulations [1]

Core Viewpoint - EnWave Corp has announced a significant contract with Bowen Gumlu in North Queensland, Australia, which will enhance the adoption of its vacuum microwave drying technology in the processing of fruits and vegetables [1][3]. Group 1: Contract Details - The contract with Bowen Gumlu is the first to be finalized, with expectations for more deals to follow in the coming months [3]. - This agreement allows EnWave to connect with multiple new potential adopters of its technology, particularly in the agricultural sector focused on fresh and frozen products [3][4]. Group 2: Market Potential - The Bowen Gumlu area has an annual farmgate production valued at AU$650 million, primarily involving crops like tomatoes, beans, and corn, which are suitable for EnWave's technology [4]. - The utilization of vacuum microwave technology is expected to enable the production of various snack and ingredient forms, targeting both domestic and export markets, particularly in neighboring Asian countries [4]. Group 3: Equipment and Support - The deal includes the procurement of a ten-kilowatt unit that will be available to Bowen Gumlu's industry association partners for testing and development [5]. - EnWave has established a presence in Australia through a third-party machine reseller, Cytek, which will assist with product and process development, potentially leading to additional large-scale orders [5].

Core Viewpoint - Cannibble Food-Tech Ltd. has appointed Doron Hazan as Director of Robotics and AI Market Development to enhance its domestic market strategy for robotics and artificial intelligence solutions [1][2]. Group 1: Appointment and Responsibilities - Mr. Hazan will lead the development and execution of Cannibble's domestic market strategy for robotics and AI solutions, focusing on revenue growth and market presence [2][3]. - His responsibilities include managing relationships with distributors, system integrators, and strategic partners in sectors such as hospitality, cleaning, and security [3]. - Mr. Hazan will also analyze market trends and customer feedback to inform product positioning and pricing strategies [3]. Group 2: Industry Experience and Alignment - Mr. Hazan brings over 30 years of experience in the Israeli cleaning and facility management industry, having previously managed a cleaning company with around 700 employees [5]. - His expertise in facility management and technology adoption aligns with Cannibble's goals in evaluating automation and AI solutions for service-oriented industries [6]. - The appointment supports Cannibble's Robotics and Artificial Intelligence Division, which aims to explore automation and intelligent systems in food service, hospitality, and security sectors [6][8]. Group 3: Company Overview - Cannibble Food-Tech Ltd. focuses on developing food and beverage products enhanced with alternative proteins and functional ingredients [7]. - The company has established an Innovation Division dedicated to robotics and AI solutions, leveraging existing relationships in the food service and hospitality industries [8].

Core Insights - The company has completed the divestment of its FoodTech Equipment offering, marking a strategic shift towards enhancing its digital focus and recurring revenues [1][12] - The fourth quarter saw an exceptional order intake growth of 191%, particularly in Data Center Technologies (DCT), which experienced a 416% increase in order intake [4][6] - Despite strong demand, profitability was impacted by temporary factors such as lower volumes and tariffs, leading to a decline in the adjusted EBITA margin [5][6] Financial Performance - For the full year 2025, order intake increased by 85%, reaching a record level, with a significant backlog growth of 53% driven by DCT and FoodTech [8] - Net sales for the fourth quarter declined by 8%, influenced by currency effects and a decrease in AirTech, while FoodTech showed growth [6][8] - Earnings per share for the fourth quarter amounted to SEK -0.06, compared to SEK 0.85 in the previous year, indicating a decline in profitability [6] Operational Highlights - The company maintained a strong cash flow from operating activities, largely due to advances from customers in DCT [6][8] - In AirTech, order intake remained stable, but profitability was affected by underutilization and lower volumes due to a weaker battery market [6][7] - The company has implemented cost reduction measures, achieving over MSEK 100 in savings in 2025, with additional savings expected by the end of 2026 [10] Strategic Outlook - The company anticipates historically high turnover for the full year 2026, with stronger contributions expected in the second half driven by increased shipments and improved execution [4][15] - In DCT, customer demand is expected to remain strong, with improvements in margins anticipated as tariff effects ease [14][15] - The company aims to focus on continued growth in DCT, scaling FoodTech's digital platform, and improving margins in AirTech through operational measures [16]

Core Insights - Beyond Oil Ltd. is transitioning from an early-stage startup to a global commercial growth company, focusing on reducing health risks associated with fried food while enhancing sustainability and operational efficiency [1][3][12] Leadership Appointments - Giora Bardea and Daniel Birnbaum have been appointed to the Advisory Board, bringing extensive experience in the food and beverage industry [1][2][4] - Bardea has over three decades of experience and has been instrumental in shaping Beyond Oil's global strategy and organizational structure [4][5] - Birnbaum is recognized for transforming SodaStream into a global brand and is expected to leverage his expertise in operational scaling for Beyond Oil [7][9] Strategic Transition - The company is moving towards a mature commercial phase with a focus on global sales execution, operational scale, and sustained growth [3][12] - International pilots have been completed, and distributor networks are expanding, indicating rising interest from major quick-service restaurant (QSR) chains [3][12] Advisory Board Role - The Advisory Board will guide the company in go-to-market systems, distributor management, scaling frameworks, operational readiness, and global strategy [10][11] - Regular meetings with senior management will ensure alignment and support for the company's transition to a sales-driven organization [11] Company Mission and Technology - Beyond Oil is dedicated to creating solutions that mitigate health risks, reduce costs for food service companies, and improve sustainability [13] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing critical health concerns associated with reused oil [13]

Core Viewpoint - EnWave Corporation will report its financial results for Q4 2025 and the fiscal year ending September 30, 2025, on December 15, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial statements and Management Discussion and Analysis (MD&A) will be available on SEDAR and the company's website [1] - A conference call is scheduled for December 15, 2025, at 7:00 a.m. Pacific Time to discuss the results and business outlook [2][3] Group 2: Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a proven drying solution for food, pharmaceutical, and cannabis industries [4] - The company has over fifty partners across twenty-four countries, utilizing its technology to create innovative snacks and improve existing products [5] Group 3: Business Strategy - EnWave's strategy focuses on signing royalty-bearing commercial licenses with food producers to enhance drying efficiency compared to traditional methods [6]

Core Viewpoint - EnWave Corporation will report its financial results for Q4 2025 and the year ended September 30, 2025, on December 15, 2025, before market opens [1] Financial Results Announcement - The financial statements and Management Discussion and Analysis (MD&A) will be available on SEDAR and the company's website [1] - A conference call is scheduled for December 15, 2025, at 7:00 a.m. Pacific Time (10:00 a.m. Eastern Time) to discuss the results and business outlook [2][3] Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and patented Radiant Energy Vacuum (REV™) technology [4] - The company provides a scalable drying solution that outperforms traditional methods in efficiency, capacity, product quality, and cost [4] Partnerships and Market Reach - EnWave has over fifty partners across twenty-four countries and five continents, enabling the creation of innovative snacks and ingredients [5] - The company's technology helps partners improve product quality, consistency, and market speed [5] Strategic Focus - EnWave aims to sign royalty-bearing commercial licenses with food producers to enhance drying processes compared to freeze drying, rack drying, and air drying [6] - Benefits include faster moisture level achievement, improved product taste, texture, color, and nutritional value [6]

Core Insights - GreetEat Corporation is a platform that combines video conferencing with food delivery to enhance remote dining experiences, recently featured in Forbes [1][2] - The company's mission is to bridge emotional and cultural gaps in remote meetings by facilitating shared meals through food vouchers and synchronized video calls [2][4] Company Overview - GreetEat Corporation (OTC: GEAT) aims to create meaningful connections through virtual dining, catering to various occasions such as business meetings and personal gatherings [4] - The company also owns WallStreetStats.io, a fintech app that utilizes AI and machine learning for real-time market analysis [4] Market Positioning - GreetEat is strategically positioned at the intersection of two high-growth markets: food delivery and video conferencing, capitalizing on the ongoing trend of remote and hybrid work [6] - The meal-voucher model has shown to increase attendance, engagement, and satisfaction among users, indicating its effectiveness [6] Investor Appeal - The platform's potential for enterprise applications makes it attractive for corporate HR departments and remote-first companies, providing scalable monetization opportunities [6] - Media coverage from Forbes enhances GreetEat's visibility among strategic partners and institutional investors, elevating its brand profile [6]