Beyond Oil receives vendor approval from U.S. chain

Executive Summary

• Beyond Oil Ltd. has been approved as a vendor by a medium-sized premium casual dining restaurant chain in the United States, marking a significant step in its U.S. commercial expansion strategy.
• The company has commenced an initial commercial rollout of its technology into 70 restaurants across several southeastern U.S. states.
• Following the completion of the initial rollout, Beyond Oil expects to extend the commercial rollout across the entire chain, which consists of hundreds of locations and is part of a larger multibrand company.

Key Details

• Vendor Approval: Beyond Oil was approved as a vendor by a U.S.-based premium casual dining chain after an extensive 13-location market validation program.
• Performance Validation: The approval followed testing that demonstrated the technology's performance under the chain's demanding operational standards.
• Initial Rollout Scope: The initial commercial rollout involves 70 restaurants located in several southeastern U.S. states.
• Future Expansion Plans: Beyond Oil intends to extend the commercial rollout across the chain's entire restaurant group in the United States after the initial phase is complete.
• Target Market: The chain is described as "medium-sized" with hundreds of locations in the U.S. and is part of a larger multibrand company.
• Technology Benefits: The solution is reported to elevate signature taste profiles, deliver operational efficiencies, and provide health benefits by reducing harmful compounds in frying oil.

Notable Quotes

• "Today marks a pivotal moment in Beyond Oil's ongoing efforts to expand its reach in the United States with the completion of our successful pilot program and initial sales to a premium American casual dining chain," said Michael Nemirow, president of Beyond Oil North America.