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Steakholder Foods Ltd. (Nasdaq: STKH) is a cutting-edge deep-tech food company specializing in cultivating meat technologies. Focused on revolutionizing meat production, the company aims to simplify the meat supply chain and offer consumers innovative product offerings that reduce environmental impact. By developing alternative solutions to industrialized animal farming, Steakholder Foods targets minimizing carbon footprint, reducing water and land usage, and preventing animal slaughter.
The company's ground-breaking technology includes a proprietary three-dimensional bioprinter designed for producing meat and seafood analogs. This 3D printing technology combines cultivated and plant-based elements to create hybrid meats, enhancing texture, flavor, and nutritional benefits. Steakholder Foods' flagship inventions include its state-of-the-art 3D Fusion Pro™ meat printer and NutriBlend™ ink, a nutritional blend for plant-based meat production.
Recently, Steakholder Foods achieved significant milestones, including signing a Memorandum of Understanding (MOU) with Wyler Farms, Israel's leading alternative protein and tofu producer, to adopt their 3D printing technology. The deal encompasses a subscription to the company's SH Software™ and NutriBlend™ ink, with expected production starting between Q4 2024 and Q1 2025. This collaboration marks an industry-first in integrating industrial-scale 3D printing technology into the food industry.
Furthermore, Steakholder Foods received a $220,000 initial payment from the Singapore-Israel Industrial R&D Foundation (SIIRD) for developing 3D-printed hybrid grouper fish, combining their SHFish – White Fish™ formulation with cultivated grouper cells. This project underscores the company's capability to produce innovative and sustainable food solutions.
In addition to technological advancements, Steakholder Foods continually strengthens its market presence and partnerships. The company's recent annual business update highlights major achievements, including strategic agreements, funding, and technology optimizations. Notably, Steakholder Foods announced a partnership with the Industrial Technology Research Institute (ITRI) in Taiwan to develop and commercialize plant-based meat alternatives tailored for Taiwanese cuisine.
Steakholder Foods’ mission is to provide sustainable, nutritious, and premium-quality plant-based food alternatives. As a pioneer in cultivated meat and 3D printing technology, the company is actively seeking collaborations with like-minded partners to expand its global footprint and drive future innovation in the food industry.
For more information, please visit: https://steakholderfoods.com
Steakholder Foods (Nasdaq: STKH), a pioneer in alternative proteins and 3D printing technologies, has announced a strategic move to invest up to $1 million in cryptocurrencies as part of its treasury strategy. This decision comes as the company transitions from R&D to commercialization, marked by significant partnerships with Wyler Farm, Bondor Foods, and ITRI in Taiwan.
The company has secured six international Letters of Intent with industry leaders and launched a state-of-the-art demonstration center, initiating revenue streams through initial purchase orders. This strategic cryptocurrency investment aligns with increasing institutional adoption of digital assets and recent cryptocurrency ETF approvals, potentially enhancing the company's financial flexibility.
Steakholder Foods (Nasdaq: STKH) has announced its Board of Directors' approval to purchase up to $1 million in Bitcoin or cryptocurrency tracking indices as treasury reserve assets. The company, which specializes in alternative proteins production and 3D printing technologies, views this move as a strategic decision to strengthen its treasury holdings. CEO Arik Kaufman cited growing cryptocurrency demand, increased institutional support, and recent cryptocurrency ETF approvals as key factors behind this decision.
Steakholder Foods (Nasdaq: STKH) has signed six Letters of Intent (LOIs) with international companies, marking progress in its revenue generation transition. The agreements emerged from the Plant-Based World Expo in London, where the company showcased its 3D printing systems and plant-based premixes. At the expo, Steakholder Foods received three prestigious awards: Gold for its Salmon Patty, Silver for Fish Kebab, and Bronze for Beef Alternative. The company served over 2,000 tasting dishes at the event, generating significant interest. The LOIs involve anticipated sales of advanced 3D printing systems and proprietary premix blends for producing plant-based foods.
Steakholder Foods has received a second installment of $270,000 from the Singapore-Israel Industrial R&D Foundation (SIIRD) grant, bringing the total received to $490,000 out of the $1,000,000 awarded. The payment follows successful development of 3D-printed plant-based fish and eel using their proprietary Printer HD144 and Drop Location in Space (DLS)™ technologies. The first installment was received in March 2024 after producing 3D-printed hybrid fish. The company is now advancing with new premix blends for 3D-printed eel, focusing on texture and flavor development through model planning, material development, and premix formulation.
Steakholder Foods (NASDAQ:STKH) has successfully transitioned from R&D to commercialization in 2024, marking a significant milestone in the alternative proteins and 3D food printing sector. The company secured strategic partnerships with Wyler Farm and Bondor Foods, receiving initial purchase orders for proprietary plant-based premixes and 3D printing technologies.
The company opened a demonstration center in Israel to showcase its 3D printers and attract new partnerships. Financial efficiency measures led to a 53% decrease in net losses, from $9.5 million in H1 2023 to $4.4 million in H1 2024. With the alternative protein market projected to reach $423 billion by 2033, Steakholder Foods appears well-positioned for growth through its innovative technologies and expanding partnerships.
Steakholder Foods (Nasdaq: STKH), a leader in alternative proteins and 3D printing technologies, has shared a letter from CEO Arik Kaufman highlighting recent commercial milestones and the company's transition to revenue generation. Key achievements include:
1. First purchase orders from Bondor Foods for SH™ – Fish premix blends and Wyler Farm for SH™ - Beef premix blends.
2. Opening of a full-scale Demonstration Center showcasing 3D printing technologies.
3. Ongoing collaborations with ITRI and Sherry Herring Sandwiches
4. Participation in upcoming industry events like 'Plant-Based World Expo' in London.
The company anticipates substantial revenue growth in 2025 as initial agreements take full effect and new partnerships are formed. Steakholder Foods remains focused on executing existing commercial agreements, securing new ones, and continuing to innovate in the alternative protein sector.
Steakholder Foods has received its first purchase order from Wyler Farm under a commercial cooperation agreement signed in May 2024. This order expands the company's premix revenue stream to include its proprietary SH™ - Beef premix blend. The SH™ - Beef blend will be integrated into Wyler Farm's new plant-based meat products, set for market introduction by early 2025. The initial production phase has started at Wyler Farm's facilities to ensure a successful launch. The new products will be marketed under the brand 'Whaat Meat?! by Steakholder' and distributed through Wyler Farm's channels.
Steakholder Foods (Nasdaq: STKH) has received its first-ever purchase order from Bondor Foods under a recently signed commercial agreement. This milestone marks the company's first revenue for its proprietary alternative protein premixes in 2024. The order follows a commercial agreement where Steakholder Foods will supply its premixes for Bondor Foods' new line of white fish and salmon patties.
This development represents a significant step in Steakholder Foods' commercialization efforts, validating the commercial viability of their products and initiating their first revenue stream. The company is actively expanding its commercial endeavors, engaging with global manufacturers and distributors in the alternative protein food market, and aims to solidify additional revenue streams, including three-dimensional printing machines.
Steakholder Foods (Nasdaq: STKH) has signed a commercial sales agreement with Bondor Foods to supply its proprietary plant-based premixes for producing white fish kebab and salmon patties. This marks Steakholder Foods' first commercial sale of premixes for large-scale manufacturing and distribution.
The agreement follows a successful product development phase with Bondor Foods' sister company, Premazon. Production is set to begin by the end of 2024, leveraging Bondor Foods' extensive distribution network and market expertise as a leading wholesaler.
This collaboration combines Steakholder Foods' advanced food technology with Bondor Foods' established market presence, aiming to meet the growing demand for sustainable food solutions. The agreement validates the market potential for plant-based seafood alternatives.
Steakholder Foods (Nasdaq: STKH) has launched its first full-scale Demonstration Center, showcasing 3D printing food production technology. The facility features live demonstrations of the company's innovative 3D printers—the MX200 and HD144—producing plant-based meat and seafood alternatives in real-time.
Built to food production facility standards, the center allows clients and partners to experience the entire production process, from material preparation to packaging and tasting. The MX200 printer uses Fused Paste Layering (FPL™) technology for meat alternatives, while the HD144 employs Drop Location in Space (DLS™) technology for seafood textures.
This initiative aims to enhance client engagement and showcase Steakholder Foods' capabilities in creating customized, high-quality plant-based foods using advanced 3D printing technologies.
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