Beyond Oil Continues its Commercial Expansion in the United States Market
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 begin distributing its product with Sysco Los Angeles.
Sysco Los Angeles is a subsidiary of Sysco Corporation (NYSE: SYY), the world’s largest foodservice distributor, and will make the Beyond Oil product available for sale through the Los Angeles operating company. The product will also be showcased in Sysco Los Angeles on January 16th with certain procurement managers, purchasing specialist and industry leaders. The expected launch includes training, pilots, and co-marketing.
While the commercial launch begins with Sysco Los Angeles, Beyond Oil’s approved vendor status and assigned SUPC (7461463) enables system-wide accessibility across the Sysco network, allowing additional Sysco operating companies throughout the United States to onboard the Beyond Oil product, if they choose to do so. This structure creates a scalable pathway for Beyond Oil to expand to more distribution centers domestically and globally.
Jonathan Or, CEO of Beyond Oil, comments: “This new cooperation with Sysco Los Angeles, a leader in the food services industry, is expected to accelerate our mission of transforming commercial kitchens, into healthier, more sustainable and profitable operations. Starting distribution with Sysco’s Los Angeles operating company is a significant step for Beyond Oil as we expand our presence in the United States.”
