Welcome to our dedicated page for STEAKHOLDER FOODS news (Ticker: STKH), a resource for investors and traders seeking the latest updates and insights on STEAKHOLDER FOODS stock.
Steakholder Foods Ltd (STKH) pioneers sustainable protein solutions through advanced 3D bioprinting technology, creating plant-based and cultivated meat alternatives that replicate traditional textures. This hub provides investors and industry observers with essential updates on the company's technological advancements, market strategies, and regulatory milestones.
Discover official press releases covering product innovations like the MX200 printer's FPL™ layering system, partnership announcements with food manufacturers, and progress in cellular agriculture research. Our curated news collection enables efficient tracking of STKH's commercial deployments and scientific breakthroughs in alternative protein production.
Key content categories include earnings reports, equipment launches, premix blend developments, and sustainability initiatives. Bookmark this page for real-time updates on how STKH's 3D printing solutions address global demand for ethical food production while maintaining operational scalability for manufacturers.
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.
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.
