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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 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.
Steakholder Foods (Nasdaq: STKH) reported H1 2024 financial results and provided a business update, marking its transition from R&D to commercialization. The company secured four strategic deals in H1 2024, including partnerships with Wyler Farm, ITRI, Sherry Herring, and Premazon. These deals are expected to generate the company's first recurring revenue stream by late 2024 or early 2025.
Key financial highlights include:
- R&D expenses decreased by 54% to $1.6 million
- Marketing expenses reduced by 56% to $0.7 million
- Net loss decreased by 53% to $4.4 million
- Cash and equivalents as of June 30, 2024, were $5.4 million
Steakholder Foods anticipates substantial recurring revenue growth in 2025 as its commercial activities expand and strategic agreements take full effect.
Steakholder Foods (Nasdaq: STKH), a leader in alternative proteins and 3D printing technologies, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference in New York City from September 9-11, 2024. CEO Arik Kaufman will represent the company, delivering a corporate presentation that will be available on-demand starting September 9th at 7:00 AM ET.
The presentation webcast will be accessible for 90 days after its release. Additionally, Steakholder Foods' management team will be available for one-on-one meetings with investors on September 11th. This event provides an opportunity for the company to showcase its innovations and connect with potential investors in the alternative protein market.
Steakholder Foods (Nasdaq: STKH), a leader in alternative proteins and 3D printing technologies, has announced a conference call scheduled for September 5, 2024, at 8:30 am Eastern Time. The call will discuss the company's financial results for the half-year ended June 30, 2024 and provide a business update. Investors can participate by dialing (877) 407-3982 from the U.S. or (201) 493-6780 internationally. A replay will be available until September 19, 2024. The webcast will be archived for 30 days on the company's Investor Relations website.
Steakholder Foods (Nasdaq: STKH), a leader in alternative proteins and 3D printing technologies, has announced its participation in the Sidoti Micro-Cap Virtual Investor Conference on August 14-15, 2024. CEO Arik Kaufman will present on August 14 at 9:15 AM ET, with the presentation accessible via webcast. The company will also host virtual one-on-one meetings with investors on the same day.
This event provides an opportunity for Steakholder Foods to showcase its innovations and engage directly with potential investors. Interested parties can register for the presentation or schedule one-on-one meetings through the Sidoti website. This conference participation underscores Steakholder Foods' commitment to investor relations and its position in the growing alternative protein market.
Steakholder Foods (Nasdaq: STKH), a leader in alternative proteins and 3D printing technologies, has submitted its 2024 Communication on Progress (CoP) report to the United Nations Global Compact (UNGC). The report covers the company's progress from January to December 2023 in integrating the UNGC's Ten Principles and Sustainable Development Goals.
Key highlights include:
- Enhanced sustainability initiatives
- Reinforced role in promoting food security
- Commitment to responsible business practices
Steakholder Foods has been a UNGC signatory since 2022, aligning its operations with principles covering human rights, labor, environment, and anti-corruption. CEO Arik Kaufman emphasized the company's dedication to sustainable innovation in the food industry.
Steakholder Foods (Nasdaq: STKH) has announced a partnership with Premazon, a frozen foods manufacturer and distributor, to launch a new line of plant-based white fish kebabs. This collaboration will utilize Steakholder Foods' proprietary SH™ - Fish premix blend and Premazon's manufacturing and distribution capabilities. The partnership is expected to generate revenue for Steakholder Foods and enhance its operations, supporting the company's market expansion plans.
Premazon will integrate Steakholder Foods' innovative blend into their product line, offering a sustainable alternative to traditional fish kebabs. The products will be distributed across Israel to hotels, restaurants, catering services, and other foodservice establishments. This agreement follows Steakholder Foods' partnerships with Wyler Farms and Sherry Herring, furthering its commercialization strategy in the alternative protein sector.
Steakholder Foods shared a letter from CEO Arik Kaufman, highlighting key achievements in H1 2024 and the strategy for H2 2024. Significant technological advancements include the Drop Location in Space (DLS) and Fused Paste Layering (FPL) technologies, enhancing their SHMEAT™ and SHFISH™ product lines. Essential partnerships were formed with Wyler Farm, ITRI, and Sherry Herring, aimed at commercializing 3D-printed meats and plant-based foods. The agreement with Wyler Farm, established in May, is expected to generate near-term revenue streams in H2 2024. The partnership with ITRI focuses on Taiwanese cuisine, while the collaboration with Sherry Herring will introduce vegan fish salads leveraging Steakholder’s SHFISH™ premixes. Moving forward, the company aims to secure more commercial deals, expand market reach, and launch new product applications.
Steakholder Foods announced a new strategic partnership with Sherry Herring to launch a line of vegan fish salads. The salads will be made with Steakholder's proprietary SHFISH™ premix blends and will be introduced through Sherry Herring's established distribution network. This collaboration aims to expand Steakholder Foods' geographic footprint, customer base, and product lineup. The new vegan fish salads are designed to mimic the taste, texture, and nutritional profile of traditional fish salads. The partnership leverages Sherry Herring's regional expertise and brand recognition to meet the growing consumer demand for sustainable and delicious plant-based options. Steakholder Foods' Culinary Director, Michal Ansky, played a key role in facilitating this collaboration, which is expected to drive growth and market disruption.
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