NITO

New Regulation and Investment: A new German regulation allows for expanded use of grid infrastructure, enabling N2OFF to invest an additional €25,000 in a Battery Energy Storage System (BESS) project co-located with its solar power plant in Melz, Germany, enhancing renewable energy deployment.

Collaboration and Future Projects: N2OFF and Solterra Renewable Energy are collaborating on multiple renewable energy projects across Europe, including the development of large-scale battery storage systems in Sicily and solar PV projects in Albania, aiming to accelerate the growth of sustainable energy facilities.

Investment in Renewable Energy: N2OFF plans to invest an additional €25,000 in Solterra Renewable Energy for a new Battery Energy Storage System project alongside its solar power plant in Melz, Germany, following the approval of new regulations that allow for additional asset connections to existing grid infrastructure.

Expansion and Future Projects: The company has also signed a non-binding letter of intent for potential 380MW battery energy storage projects in Italy and established a U.S. subsidiary for its solar PV operations.

N2OFF's New Projects: N2OFF, Inc. has signed a non-binding letter of intent with SB Impact 4 Srl and Solterra Brand Services Italy Srl to develop up to four utility-scale Battery Energy Storage System projects in Puglia, Italy, aiming for a combined capacity of 380 MW.

Investment and Goals: The projects are part of N2OFF's strategy to enhance grid stability and support sustainable energy infrastructure, with an investment exceeding €4.4 million planned for developments in Germany and Italy.

N2OFF's New Projects: N2OFF, Inc. has signed a non-binding letter of intent with SB Impact 4 and Solterra to develop up to four utility-scale Battery Energy Storage System projects in Puglia, Italy, with a combined capacity of 380 MW, building on an existing agreement for project evaluation and potential acquisition.

Company's Commitment to Sustainability: The company aims to enhance grid stability and support sustainable energy infrastructure, having already committed €4.4 million to projects in Germany and Italy, while also focusing on reducing greenhouse gas emissions through innovative agricultural practices.

N2OFF's Investment Plans: N2OFF has signed a non-binding letter of intent with SB Impact 4 and Solterra Brand Services Italy to develop up to four utility-scale Battery Energy Storage System projects in Puglia, Italy, with a total capacity of 380 MW, building on an existing agreement for project evaluation and acquisition.

Project Development Details: The new projects will be integrated into the current Development Service Agreement, with structured payment terms based on key milestones such as land reservation and permits, while N2OFF has also committed EUR 4.4M for projects in Germany and Italy totaling over 300 MW capacity.

New Subsidiary Formation: N2OFF, Inc. has established a wholly-owned subsidiary, NITO Renewable Energy, Inc., in Nevada to consolidate its solar operations and focus on future Solar PV activities.

Project Developments: The company is involved in developing a 111 MWp solar project in Germany and two Battery Energy Storage Systems in Italy, while also collaborating with Solterra Energy Ltd. to co-develop the Solar PV market in Albania.

Acquisition Announcement: N2OFF, Inc. has entered into a definitive agreement to acquire MitoCareX Bio Ltd., a biotech company focused on cancer therapeutics, for $700,000 and additional stock exchanges, making MitoCareX a wholly owned subsidiary of N2OFF.

Financial Commitment and Market Potential: N2OFF will support MitoCareX financially with an initial investment of $1 million over the first two years, as MitoCareX aims to develop novel therapies targeting hard-to-treat cancers, tapping into a rapidly growing global market projected to reach $344.1 billion by 2031.

Acquisition Agreement: N2OFF has signed a definitive agreement to acquire MitoCareX, a biotech company focused on cancer drug discovery, for $700,000 and additional shares, making it a wholly owned subsidiary upon closing, subject to stockholder approval.

Financial Commitment: The agreement includes a commitment from N2OFF to financially support MitoCareX with an initial investment of $1,000,000 and ongoing funding during the first two years post-acquisition.

Investment in Renewable Energy Projects: N2OFF, Inc. is set to invest up to €4.4 million in renewable energy projects in Germany and Italy, including two battery storage systems in Sicily with a total capacity of 196 MWp/784 MWh, solidifying its entry into the European energy storage market.

Collaboration for Energy Storage Solutions: The agreement with Solterra Renewable Energy Ltd. aims to enhance renewable energy adoption and address the growing demand for energy storage solutions, with Italy's new MACSE scheme supporting the development of such projects to ensure grid stability.

Collaboration on Renewable Energy: N2OFF, Inc. has signed a binding term sheet with Solterra Energy Ltd. to exclusively collaborate on renewable energy projects in Albania, focusing on solar energy and battery storage, following a trilateral agreement between Italy, Albania, and the UAE for developing renewable energy projects in Albania.

Ongoing Projects in Europe: The partnership is also advancing significant renewable energy projects in Germany and Italy, including a 111 MWp solar project in Germany and two Battery Energy Storage Systems in Sicily, highlighting their commitment to enhancing renewable energy infrastructure in Europe.

Partnership Announcement: N2OFF Inc. has partnered with Solterra Energy Ltd. to develop renewable energy projects in Albania, focusing on solar power and battery storage over the next year.

Market Impact: Following the announcement, NITO shares surged by 59%, reflecting investor optimism about the company's involvement in renewable energy initiatives across Europe, including ongoing projects in Germany and Italy.

Market Performance: U.S. stocks showed mixed results with the Dow Jones gaining 50 points, while NASDAQ and S&P 500 experienced declines. Energy shares rose by 0.7%, but information technology shares fell by 0.7%.

Company Earnings and Stock Movements: GE Aerospace reported strong earnings, exceeding expectations, while Diginex Limited's shares surged 125% following its IPO announcement. Conversely, Icon Energy Corp saw a significant drop of 66% after announcing a public offering.

Patent Victory for Save Foods: Save Foods Ltd., a subsidiary of N2OFF, Inc., has successfully concluded opposition against its European patent EP2615932 filed by ECOLAB Inc., which covers a method for protecting edible matter using performic acid, crucial for extending the shelf life of fresh produce while reducing hazardous pesticide use.

Market Potential and Future Plans: The favorable ruling is expected to enhance Save Foods' position in negotiations with global companies and aligns with EU goals to reduce pesticide usage, tapping into a significant market projected to grow from $27.73 billion in 2021 to $31.6 billion by 2026.

N2OFF Solar Project Approval: N2OFF, Inc. has received municipal approval for a 111 MWp solar photovoltaic project in Melz, Germany, developed in collaboration with Solterra Renewable Energy Ltd., marking a significant step towards achieving ready-to-build status by the end of 2025.

Financial Commitment and Collaboration: N2OFF is financially supporting the project with a loan commitment of €2 million, emphasizing its dedication to advancing renewable energy initiatives across Europe through this joint venture with Solterra.

Project Approval: N2OFF, Inc. announced that the Melz Municipal Committee has approved the statutory plan for its solar photovoltaic (PV) project in Melz, Germany, marking a significant milestone towards achieving ready-to-build status by the end of 2025.

Collaboration with Solterra: The Melz project, developed in partnership with Solterra Renewable Energy Ltd., is part of a broader initiative to accelerate renewable energy development across Europe, with N2OFF providing financial support and aiming to establish a portfolio capacity of approximately 300 MW across multiple countries.

Approval for Solar Project: N2OFF (NITO) received approval from the Melz Municipal Committee for Solterra’s solar PV project in Melz, Germany, following a thorough environmental and planning review.

Project Timeline: The project is currently expected to be completed by the end of 2025.

N2OFF Compliance Notification: N2OFF, Inc. has been granted an additional 180-day period by Nasdaq to regain compliance with the minimum $1.00 bid price requirement for its shares, allowing until July 7, 2025, to meet this condition.

Company Overview and Activities: N2OFF focuses on sustainable solutions in energy and agri-tech, including initiatives to reduce greenhouse gas emissions and investments in solar energy projects, while also managing subsidiaries that address food safety and healthy food options.

N2OFF and Solterra Partnership: N2OFF has signed a binding Letter of Intent (LOI) with Solterra Brand Services Italy to purchase and develop two battery storage systems in Sicily, each with a capacity of 98MWp/392MWh, involving a total investment of up to EUR 2.35M.

Project Development Timeline: The projects are expected to take 18-24 months to reach a Ready-to-Build stage, with N2OFF set to hold approximately 70% ownership upon completion and have already secured connection capacity approval from Terna.

U.S. Stock Market Performance: U.S. stocks saw gains with the Nasdaq Composite rising over 1%, while the Dow and S&P 500 also increased. Notable stock movements included Cerence Inc. surging 66% and N2OFF, Inc. jumping 202% due to significant announcements.

Global Market Trends: European shares declined, with major indices like the STOXX 600 and Germany's DAX falling, while Asian markets showed mixed results, particularly with China's Shanghai Composite dropping 1.57%. The ISM manufacturing PMI in the U.S. rose to 49.3, exceeding expectations.

N2OFF's Stock Surge: Clean technology company N2OFF (NITO) experienced a 160.75% stock increase after signing a binding letter of intent with Solterra to develop battery storage systems in Sicily, with an investment of €2.35 million and N2OFF set to own 70% of the facilities.

Market Position and Risks: The deal enhances N2OFF's position in the European energy storage market, but investors are cautioned about the volatility of penny stocks, as there is limited analyst data available for comparison with other green energy stocks.