Welcome to our dedicated page for Steakholder Foods Ltd. American Depositary Shares news (Ticker: STKH), a resource for investors and traders seeking the latest updates and insights on Steakholder Foods Ltd. American Depositary Shares stock.
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) signed a commercial cooperation agreement with Wyler Farm for alternative protein production. This agreement marks the company's shift from R&D to commercialization, expected to generate its first commercial revenue by the end of 2024. Wyler Farm will manufacture plant-based meat products using Steakholder Foods' premixes, with production starting in Q3 2024. The collaboration aims to create a diverse range of products and potentially expand to new offerings like sausages and kebabs. Both companies see strategic benefits in this partnership, with discussions ongoing for future collaborations. The agreement aligns with Steakholder Foods' revenue strategy and commitment to food safety regulations.
Steakholder Foods (Nasdaq: STKH) reports 2023 financial results, showcasing advancements in 3D-printed meat and fish technology. The company achieved milestones like commercializing 3D printers, securing partnerships, and securing funding. Major highlights include strategic agreements, governmental partnerships, and cutting-edge technology advancements. Despite increased research and development expenses and a higher loss from operations, the net loss per share decreased. Cash flow improved, with a decrease in cash used in operating activities and an increase in cash provided by financing activities.
Steakholder Foods has appointed Michal Ansky as a Culinary Director and Special Strategic Consultant, bringing her extensive culinary expertise and collaboration skills to enhance the company's offerings as they move towards commercialization and expansion. Michal Ansky, a renowned gastronome and visionary, is known for her work in establishing farmers' markets and her role as a judge on MasterChef Israel. Her appointment aligns with Steakholder Foods' values of food sustainability and innovation in plant-based meat and 3D printing technologies.
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