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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) has signed a Memorandum of Understanding with Vegefarm, a Taiwanese food company, for the sale of its MX200 3D printer and raw materials. The agreement focuses on adapting Steakholder's 3D-printed plant-based Marbled Beef Steak for the Asian market. The deal includes providing Vegefarm with the MX200 printer, powered by Fused Paste Layering (FPL™) technology, along with plant-based premixes.
The Industrial Technology Research Institute (ITRI) will support product adaptation for the Taiwanese market, while Vegefarm will manage commercialization, production, and distribution leveraging its established market presence.
UMAMI Bioworks and Steakholder Foods (NASDAQ: STKH) have announced the successful completion of their two-year R&D collaboration for producing 3D-printed cultivated fish products. The partnership, funded by the Singapore-Israel Industrial R&D grant, has demonstrated the feasibility of scalable production of premium fish fillets using 3D printing technology. The companies will now partner with Singapore's National Additive Manufacturing Innovation Cluster (NAMIC) to commercialize their seafood products. The collaboration aims to create sustainable seafood alternatives that maintain quality while protecting marine biodiversity, supporting Singapore's '30 by 30' food resilience goal.
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.
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