04:50 PM EDT, 03/24/2025 (MT Newswires) -- Beyond Oil ( BEOLF ) , a food-tech innovation company that saw its shares jump 5.7% today, said Monday afternoon that it has received full payment for its upcoming first 6-tonne shipment to Deep Frying Solutions, as part of a distribution agreement for the Indian market.

The payment marks completion of the first order under the five-year distribution deal announced in February, and which is expected to involve around 57 containers and bring in a total value of about US$9.58 million over the contract's duration, the company added.

"We look forward to supporting Deep Frying Solutions as they introduce our oil filtration solution to restaurants, catering companies, and food service providers across India," CEO Jonathan Or said.