Company: SATT
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001683168-25-006219
Chunk: 24

Company: SATIVUS TECH CORP.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 24
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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 59% of Saffron Tech.

The Company, through Saffron Tech, is focusing
on its in-house research and development of agriculture technology products, among others, in the fields of exotic plants and mushrooms.
Saffron Tech plans to roll out its proof of concept in the coming months. This technology will provide turnkey automated growing containers
for high-quality, high-yield saffron all year round. The Company is in advanced stages of developing and testing a fully automated and
remotely managed system for growing high-quality, high-yield saffron anywhere and anytime.

 2 

It is also environmentally friendly, using economic
levels of water, space, fertilizer, and energy. Accounting to the Company’s calculations, we believe that the controlled indoor
growing area will produce ten times more yield compared to the same land area using traditional methods. The sealed environment eliminates
the need for harmful pesticides and herbicides, producing a clean and safe product that is easy to control from anywhere. The Company’s
solution is easily scalable and pre-designed to quickly grow operations.

Saffron is used in many industries, such as the
food industry, particularly by famous chefs and Michelin starred restaurants, the natural cosmetics industry and the food supplements
industry and as a dye in the textile industry. Medicinal claims as an anti-depressant, antioxidant, and antiseptic are constantly increasing.

On January 6, 2022, the Company announced that
its subsidiary, Saffron Tech, has planted approximately 25,000 Saffron bulbs in fields in the Golan Heights, in Norther Israel. The plantation
is being managed in conjunction with the Shamir Research Institute.

On April 4, 2022, the Company announced that Mr.
Mos