Key Takeaways:
- New Board Leadership: Saffron Tech appoints Nissim Darvish, MD, PhD as Chairman and Michael Oster as a board member to enhance strategic growth.
- Strategic Program Participation: Joining the START Agritech program to connect with investors and showcase its innovative technology.
- Market Expansion: Focused on leading the high-quality saffron market for the beauty, wellness, and pharmaceutical sectors.
Board Appointments Set to Propel Company Vision
Sativus Tech’s subsidiary, Saffron Tech, a company specializing in controlled environment agriculture (CEA) technology for saffron, has announced the appointment of two new board members. Nissim Darvish, MD, PhD, with extensive leadership experience in the medical and biotech industries, steps in as Chairman of the Board. Alongside him, Michael Oster joins with a robust background in global deal structuring and execution.
Expertise of New Board Members
Dr. Darvish is celebrated for his strategic insights and contributions to business transformation and growth in the biotech sector. His expertise is expected to significantly influence Saffron Tech’s strategic direction and innovation drive. Michael Oster brings valuable experience in strategic business planning and operations enhancement, which will be crucial for the company’s revenue optimization and operational strategies.
Tal Wilk Glazer, CEO of Saffron Tech, expressed optimism about the new appointments, “We are thrilled to welcome our new board members at this pivotal moment in Saffron Tech’s journey. Their expertise will be instrumental in advancing our strategic initiatives and driving Saffron Tech to new heights.”
Participation in the START Agritech Program
Saffron Tech has secured participation in the prestigious START Agritech program, sponsored by Frontier RNG and Arieli Capital. This initiative will allow Saffron Tech to connect with potential investors and partners, facilitating further growth and innovation in saffron cultivation technologies.
Advancing Saffron Cultivation and Market Reach
The demand for high-quality saffron is surging, particularly within the beauty, wellness, and pharmaceutical industries. Saffron Tech aims to capitalize on this demand by leading the market with its advanced cultivation and extraction technologies. The company’s efforts to enhance local production will not only meet rising market demands but also develop new products with significant health and wellness benefits.
Sativus Tech Latest news
Sativus Tech Appoints New CFO (2024/01/15)
Sativus Tech Corp appoints Uri Ben-Or as its new Chief Financial Officer. Ben-Or brings 25 years of experience in corporate finance and will manage financial planning and operations to guide the company’s strategies. Sativus Tech’s subsidiary, Saffron Tech, uses advanced R&D in Controlled Environment Agriculture systems to produce high-quality saffron year-round. The company aims to impact a market projected to reach $3.7 billion by 2032. Saffron Tech is set to launch a saffron cultivation pilot site in Q2/2024. Tal Wilk Glazer, CEO of Sativus Tech, expressed confidence in Ben-Or’s ability to contribute significantly to the company’s success, and Ben-Or looks forward to collaborating with the Saffron Tech team.
Awarded $1 Million Grant to Revolutionize Saffron Industry (2023/04/13)
Saffron Tech Ltd, a subsidiary of Sativus Tech, has been granted $1 million by the Israeli Innovation Authority to construct a test facility for cultivating saffron using vertical farming technology. This funding will help revolutionize the saffron industry and provide a large-scale supply of the spice to industries such as beauty, wellness, and health. Saffron Tech recently received a $1 million investment deal from Dreamtech Company as well. With this new grant, Saffron Tech will continue to develop its innovative vertical farming technology for saffron cultivation, leading the way in sustainable and high-quality saffron production.
Saffron Tech Nets An Investment Deal From Dreamtech (2023/03/02)
Saffron Tech Ltd, a subsidiary of Sativus Tech Corp, has signed an investment agreement with Dreamtech Co, Ltd, a Korean-based company. The partnership aims to use vertical farming technology to create large-scale production of saffron and expand its market. Dreamtech is a leading provider and manufacturer of tech components. This investment and partnership will help establish a necessary manufacturing structure to drive revenues to Saffron Tech. With this partnership, Saffron Tech and Dreamtech are poised to become leaders in the saffron industry.
Saffron Tech, Raises $1.3 Million Through Crowdfunding (2023/01/18)
Saffron Tech, a subsidiary of Sativus Tech Corp, has raised $1.3 million through crowdfunding to continue R&D and execute its go-to-market strategy. Saffron Tech uses proprietary indoor vertical farming technology to produce a consistent, pure, high-grade, and large-scale supply of saffron for health, wellness, and beauty industries. The company’s valuation is now $11 million, with Sativus Tech holding a 70% stake. Saffron’s medicinal properties are being used in pharmaceutical and nutraceutical applications for conditions such as ADHD and anxiety.
Former Novartis Consumer Health CEO Estee Rosen Joins Sativus Tech (2022/11/22)
Estee Rosen has been named head of Business Development in Wellness, Health, and Beauty for Saffron Tech, a division of Sativus Tech. She will oversee Saffron Tech’s go-to-market strategy for the wellness, health, and beauty markets and leverage her experience in the healthcare industry to fulfill the growing demand from this market. Saffron Tech can offer a dependable, premium, and mass-produced source of saffron for the anti-anxiety, antidepressant, and antioxidant effects it offers.
Aims To Raise USD 1.5 Million For Saffron Tech (2022/08/31)
Sativus Tech Corp. plans to raise up to $1.5 million for its subsidiary Saffron Tech Ltd. through the Israeli crowdfunding platform Pipelbiz. The company aims to expand saffron production and supply in various sectors including retail, pharmaceutical, culinary, beauty, and wellness. Saffron Tech has recently raised $242 thousand through the issuance of SAFEs and has announced a possibility to harvest saffron in a 3-month growth cycle. This groundbreaking development allows the company to advance its business plan by expanding production facilities worldwide.
Sativus Tech Successfully Produces Premium Saffron (2022/07/29)
Sativus Tech Corp (OTC: SATT) announced a recent evaluation that concluded that the saffron produced in this growth cycle shows high quality and can be harvested in a 3-month growth cycle. This allows the company to expand its business plan by advancing production facilities worldwide. Sativus Tech is seeking to create a high-tech facility that uses robotics and automation to foster the various stages of the growing and breeding process. The company has launched a crowdfunding campaign to raise capital that will allow the company to expand into retail markets by creating facilities worldwide that will be able to supply saffron to a variety of businesses.
