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 Ltd. (Nasdaq: STKH) has announced a strategic restructuring of its subsidiary, Peace of Meat (PoM), aimed at launching a cultivated avian product in Singapore. The restructuring focuses on three pillars: regulatory submissions, with an application to the Singapore Food Agency by the end of 2023; production, by engaging third parties to scale up production; and efficiency, by streamlining the team to reduce overhead costs. The initiative aims to enhance productivity and improve market penetration in Singapore, the first country to approve cultivated meat for consumption.
Steakholder Foods announced the promotion of Eitan Noah from VP Finance to CFO, effective March 23, 2023, following the resignation of Guy Hefer for personal reasons. Mr. Noah has been with Steakholder since January 2021, demonstrating a solid understanding of the company's operations and strategic goals. He has a background in finance, previously serving at Inception XR and Fluence Corp. Hefer expressed confidence in Noah's capabilities and highlighted the company's growth in the cultivated meat sector, being a leader listed on the Nasdaq under the ticker STKH. Steakholder's commitment to sustainable practices remains a core focus.
Steakholder Foods Ltd. (Nasdaq: STKH) has received a patent approval in Canada for the physical manipulation of cultured muscle tissue, enhancing its efforts in the cultivated meat industry. This technology, already patented in the US, Australia, and New Zealand, is crucial for developing high-quality, complex-structured meat products. The company's CTO, Dan Kozlovski, highlighted that this advancement mimics natural muscle development, vital for consumer preference. This patent marks a significant milestone in strengthening Steakholder Foods' intellectual property portfolio and reducing reliance on traditional farming.
Steakholder Foods Ltd. (NASDAQ: STKH) announced on February 8, 2023, that its analysis of cultivated muscle cells has demonstrated a similar amino acid profile to native beef tissue. This finding suggests that the cultivated meat products can match the taste and nutritional value of conventional meat. The analysis involved testing 17 amino acids, confirming that the cultivated products contain essential amino acids vital for human nutrition, thereby supporting muscle growth, immune function, and hormone production. The company continues to advance its technologies to produce slaughter-free meat alternatives.
Steakholder Foods Ltd. (NASDAQ: STKH), an innovator in the cultivated meat industry, has announced a significant achievement in cell production, boasting a 50x increase in yield through a new filtering system. This breakthrough is designed to optimize growth methodologies, reducing costs and enhancing scalability of production. The innovative system allows for the continuous refreshment and reuse of growth media, promoting sustainable practices. The company aims to contribute to a more sustainable food system, aligning with UN Sustainable Development Goals.
Steakholder Foods Ltd. (Nasdaq: STKH) has completed an underwritten public offering of 6,500,000 ADSs at $1.00 each, raising gross proceeds of $6.5 million. This offering includes warrants exercisable at the same price, valid for five years. The underwriters have a 45-day option to purchase an additional 975,000 ADSs. Proceeds will be used for general corporate purposes. Moreover, the company modified existing warrants from a $3.50 exercise price to $1.00, extending their terms to January 10, 2028.
Steakholder Foods Ltd. (Nasdaq: STKH) announced a public offering of 6,500,000 American Depositary Shares (ADSs) at $1.00 each, aiming to raise $6.5 million. The offering includes warrants for additional ADSs and is expected to close around January 10, 2023, pending customary conditions. The company will utilize the proceeds for general corporate purposes and is also reducing the exercise price of existing warrants from $3.50 to $1.00. This initiative is part of Steakholder's efforts to enhance its position in the cultivated meat sector.
Steakholder Foods (Nasdaq: STKH) has received its first grant for developing 3D-printed eel and grouper products in collaboration with Umami Meats. Funded by the Singapore Israel Industrial R&D Foundation, this initiative marks a significant step in the company’s commercialization strategy for 2023. The project will utilize Steakholder's proprietary 3D bio-printing technology to create structured cultivated fish products, with the first prototype expected by Q1 2023. This partnership leverages regulatory approval in Singapore for cultivated meat.
Steakholder Foods Ltd. (Nasdaq: STKH) recently shared a letter from CEO Arik Kaufman, summarizing its 2022 achievements and outlining plans for 2023. Despite market challenges, the company made significant strides in 3D bio-printing and secured partnerships, including one with Umami Meats for 3D-printed fish. The company plans to enhance its technology and pursue FDA and USDA approvals for its products in the US and Singapore. A key highlight was the introduction of Omakase Beef Morsels, a breakthrough in cultivated meat. Steakholder Foods aims to commercialize its tech effectively in 2023.
FAQ
What is the current stock price of Steakholder Foods Ltd. American Depositary Shares (STKH)?
What is the market cap of Steakholder Foods Ltd. American Depositary Shares (STKH)?
What does Steakholder Foods Ltd. specialize in?
What is NutriBlend™ ink?
Who are some recent partners of Steakholder Foods?
What are Hybrid Meats?
How is Steakholder Foods contributing to sustainability?
What is the significance of the 3D Fusion Pro™ meat printer?
What recent financial support has Steakholder Foods received?
What is Steakholder Foods' mission?
What are SHMeat and SHFish blends?
How is Steakholder Foods planning to expand?
