Company: SATT
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002119
Chunk: 0

Company: SATIVUS TECH CORP.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 0
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SATIVUS TECH CORP. (formerly SEEDO CORP.) (the
“Company”, “Our” or “We”) was formed on January 16, 2015, under the laws of the State of Delaware.
Prior to July 2020, we were involved in producing a plant growing device managed and controlled by an artificial intelligent algorithm,
allowing consumers to grow their own herbs and vegetables effortlessly from seed to plant, while providing optimal conditions to assure
premium quality produce year-round. However, due to financial and operational difficulties and during 2020, we ceased these operations
and on July 19, 2020, the Company formed a new wholly-owned subsidiary in Israel, Hachevra Legiduley Pkaot Beisrael Ltd. (the “New
Subsidiary”), to develop a fully automated and remotely managed system for growing saffron and other vegetables. On November 5,
2020, the New Subsidiary changed its name to Saffron-Tech Ltd. (or “Saffron Tech”). As of the date of this report, and following
various financings in Saffron Tech, the Company owns 54% of Saffron Tech.

The Company, through Saffron Tech, is focusing
on development of agriculture and technological products, in the fields of exotic plants.

Saffron Tech has developed a comprehensive agronomic
and agrotechnical protocol for the cultivation of saffron. Moreover, the company has innovated proprietary Controlled Environment Agriculture
(CEA) technology, designed to execute, monitor, and optimize this cultivation protocol effectively. Furthermore, Saffron Tech has established
a meticulous extraction protocol to ensure the production of high-quality saffron extract. This holistic approach underscores the company's
commitment to advancing saffron cultivation and extraction through cutting-edge technological solutions.

Saffron Tech is poised to launch its proof of
concept pilot site for commercial saffron cultivation in the upcoming months. This initiative aims to introduce an advanced Controlled
Environment Agriculture (CEA) system, facilitating the year-round cultivation of saffron irrespective of external climatic conditions.
The system is engineered to ensure a continuous and dependable yield of saffron, maintaining consistent quality and quantity in a cost-effective
manner.

Saffron finds application across multiple sectors,
notably within the culinary realm where it is favored by renowned chefs and Michelin-starred establishments, the natural cosmetics sector,
and the nutraceutical