Company: SATT
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001683168-25-006219
Chunk: 34

Company: SATIVUS TECH CORP.
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 2
Chunk 34
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 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.
Moshe Bar Siman Tov and Mrs. Iris Tova Ginsburg have resigned from the Board of Directors of the Company, and immediate appointed
Mrs. Tal Wilk-Glazer to its Board of Directors and as CEO of the Company.

In April 2022, Saffron Tech announced its new
state-of-the-art indoor research and development center is operational. From April 2022, through to December 2022, Saffron Tech successfully
completed three Saffron cultivation cycles using vertical farming technology, while traditional agriculture only produces one harvest
of saffron per year.

On August 30, 2022, Saffron Tech, announced its
intention to raise up to 5 million New Israeli Shekels (“NIS”) (approximately $1.5 million) at a pre-money valuation of