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Steakholder Foods Ltd. (Nasdaq: STKH) is a leading international deep-tech food company specializing in cultivated meat and 3D bioprinting technology. Established in 2019, the company is based in Rehovot, Israel, and is committed to revolutionizing the food industry through innovation and sustainability. Steakholder Foods is dedicated to offering manufacturers solutions for producing slaughter-free cellular agriculture meat products that closely resemble traditional meat in taste, texture, and appearance. As a member of the UN Global Compact, the company aligns its actions with the United Nations Sustainable Development Goals to enhance food security, reduce carbon footprint, and conserve resources. With ongoing strategic initiatives like the Life-Cycle Assessment (LCA) process and partnerships with organizations like the Israel Resource Efficiency Center, Steakholder Foods is at the forefront of advancing its 3D printing technology and expanding its product offerings.
Steakholder Foods Ltd. (Nasdaq: STKH), a leading company in the cultivated meat sector, announced on April 3, 2023, its participation in a strategic investment round for Wilk Technologies Ltd. (TASE: WILK). The investment involves purchasing ordinary shares of Wilk for $450,000, allowing Steakholder to acquire a 2.5% stake at a 15% discount below the 45-day average closing price.
CEO Arik Kaufman highlighted the collaboration's potential to enhance sustainable food solutions and contribute to the Food-Tech ecosystem. Wilk develops cultured milk technologies, aligning with Steakholder's mission to innovate in food production.
Steakholder Foods Ltd. (NASDAQ: STKH) has received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share, as per Listing Rule 5550(a)(2). This notification does not affect the company's current listing or trading of its American Depositary Shares (ADSs). The company has a 180-day compliance period ending on September 18, 2023, to meet this requirement, which can be achieved by maintaining a closing bid price of at least $1.00 for ten consecutive business days. If compliance is not regained, the company may face potential delisting.
Steakholder Foods Ltd. (Nasdaq: STKH) has announced a strategic restructuring of its subsidiary, Peace of Meat (PoM), aimed at launching a cultivated avian product in Singapore. The restructuring focuses on three pillars: regulatory submissions, with an application to the Singapore Food Agency by the end of 2023; production, by engaging third parties to scale up production; and efficiency, by streamlining the team to reduce overhead costs. The initiative aims to enhance productivity and improve market penetration in Singapore, the first country to approve cultivated meat for consumption.
Steakholder Foods Ltd. (NASDAQ: STKH), an innovator in the cultivated meat industry, has announced a significant achievement in cell production, boasting a 50x increase in yield through a new filtering system. This breakthrough is designed to optimize growth methodologies, reducing costs and enhancing scalability of production. The innovative system allows for the continuous refreshment and reuse of growth media, promoting sustainable practices. The company aims to contribute to a more sustainable food system, aligning with UN Sustainable Development Goals.
Steakholder Foods Ltd. (Nasdaq: STKH) announced its strategic focus for 2023 on commercializing its 3D bio-printer through partnerships. The company aims to leverage interest generated from world tours showcasing its prototype to accelerate its go-to-market strategy. Key initiatives include hiring new executives in business development and marketing to facilitate collaborations. The company, committed to sustainable food production, aims to provide slaughter-free alternatives to traditional meat production.
Steakholder Foods (Nasdaq: STKH) reported its Q3 2022 financial results, highlighting advancements in cultivated meat technology and increased R&D investments. The company recorded an operating loss of $4.6 million, a slight increase from $4.1 million in Q3 2021. Comprehensive loss narrowed to $3.4 million, or $0.17 per ADS, compared to $4.3 million the prior year. Cash and cash equivalents decreased to $11.2 million. Key collaborations, including a partnership with Umami Meats, and several new patents strengthen their market position, while rebranding efforts aim to attract a community of meat lovers.
MeaTech 3D Ltd. (Nasdaq: MITC) has signed a joint development agreement with ENOUGH to accelerate the commercialization of hybrid alternative meat products. This collaboration will leverage Peace of Meat's cultured avian biomass and ENOUGH's mycoprotein expertise to create innovative, nutritious food products. A pilot plant is planned for 2023 to scale production. Feedback on prototype products, such as cultured chicken nuggets, has been positive, indicating strong market interest in plant-based meat alternatives.
MeaTech 3D Ltd. (Nasdaq: MITC) hosted a tasting event for a Swedish delegation of government, business, and academic leaders on May 17, 2022, at its Rehovot headquarters. The showcased hybrid chicken nuggets, created with cultured chicken from its Belgian subsidiary, Peace of Meat, aimed to demonstrate the potential of cultured meat technology. The event emphasized collaboration between Swedish and Israeli food tech sectors, highlighting MeaTech's innovative approach to sustainable food production. CEO Arik Kaufman expressed optimism about the future of hybrid food products, which could revolutionize alternative proteins.
MeaTech 3D Ltd. (Nasdaq: MITC) announced a milestone achievement in cultivated meat by bioprinting a 3.67 oz (104-gram) steak, the largest of its kind produced to date. Utilizing proprietary technology, the steak is made from real muscle and fat cells, free from soy or pea protein. The company aims to scale production and further enhance its bioprinting processes. According to CEO Sharon Fima, this breakthrough validates their technologies and positions them as leaders in the cultured meat market, emphasizing sustainability and high-quality meat alternatives.
MeaTech 3D Ltd. (NASDAQ: MITC) has filed a provisional patent application for a novel bioprinting method aimed at producing cultured meat. This method offers advanced control over bioink printing, enhancing resolutions for premium meat products. The technology allows faster printing and accommodates a variety of inks, crucial for the company’s goal of large-scale meat production. Currently, MeaTech holds six patent applications related to its innovative manufacturing technologies, positioning itself as a leader in the cultured meat industry.
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