Steakholder Foods® Advances Commercialization Strategy Through New MoU with another client, Premazon
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 (Nasdaq: STKH) ha annunciato una collaborazione con Premazon, un produttore e distributore di cibi surgelati, per lanciare una nuova linea di kebab di pesce bianco vegetale. Questa collaborazione utilizzerà la miscela proprietaria SH™ - Fish di Steakholder Foods e le capacità di produzione e distribuzione di Premazon. Ci si aspetta che la partnership generi ricavi per Steakholder Foods e migliori le sue operazioni, supportando i piani di espansione dell'azienda nel mercato.
Premazon integrerà la miscela innovativa di Steakholder Foods nella propria linea di prodotti, offrendo un'alternativa sostenibile ai tradizionali kebab di pesce. I prodotti saranno distribuiti in Israele a hotel, ristoranti, servizi di catering e altre strutture di ristorazione. Questo accordo segue le partnership di Steakholder Foods con Wyler Farms e Sherry Herring, approfondendo la sua strategia di commercializzazione nel settore delle proteine alternative.
Steakholder Foods (Nasdaq: STKH) ha anunciado una asociación con Premazon, un fabricante y distribuidor de alimentos congelados, para lanzar una nueva línea de kebabs de pescado blanco a base de plantas. Esta colaboración utilizará la mezcla propietaria SH™ - Fish de Steakholder Foods y las capacidades de producción y distribución de Premazon. Se espera que la asociación genere ingresos para Steakholder Foods y mejore sus operaciones, apoyando los planes de expansión de la compañía en el mercado.
Premazon integrará la mezcla innovadora de Steakholder Foods en su línea de productos, ofreciendo una alternativa sostenible a los kebabs de pescado tradicionales. Los productos se distribuirán en Israel a hoteles, restaurantes, servicios de catering y otros establecimientos de comida. Este acuerdo sigue a las asociaciones de Steakholder Foods con Wyler Farms y Sherry Herring, reforzando su estrategia de comercialización en el sector de proteínas alternativas.
스테이크홀더 푸드(Nasdaq: STKH)는 냉동식품 제조 및 유통업체인 프리마존과 제휴하여 새로운 식물성 흰 생선 케밥 라인을 출시한다고 발표했습니다. 이 협업은 스테이크홀더 푸드의 독자적인 SH™ - Fish 프레믹스 혼합물과 프리마존의 생산 및 유통 역량을 활용할 예정입니다. 이 파트너십은 스테이크홀더 푸드의 수익을 창출하고 운영을 향상시키며, 회사의 시장 확장 계획을 지원할 것으로 기대됩니다.
프리마존은 스테이크홀더 푸드의 혁신적인 혼합물을 제품 라인에 통합하여 전통적인 생선 케밥에 대한 지속 가능한 대안을 제공할 것입니다. 이 제품들은 호텔, 레스토랑, 케이터링 서비스 및 기타 식품 서비스 시설에 걸쳐 이스라엘에서 유통될 예정입니다. 이 계약은 스테이크홀더 푸드가 와일러 농장 및 셰리 헤링과 체결한 파트너십에 이어 대체 단백질 분야에서의 상업화 전략을 더욱 강화하는 것입니다.
Steakholder Foods (Nasdaq: STKH) a annoncé un partenariat avec Premazon, un fabricant et distributeur de produits surgelés, pour lancer une nouvelle gamme de kebabs de poisson blanc à base de plantes. Cette collaboration utilisera le mélange propriétaire SH™ - Fish de Steakholder Foods et les capacités de fabrication et de distribution de Premazon. Ce partenariat devrait générer des revenus pour Steakholder Foods et améliorer ses opérations, soutenant les plans d'expansion de l'entreprise sur le marché.
Premazon intégrera le mélange innovant de Steakholder Foods dans sa gamme de produits, offrant une alternative durable aux kebabs de poisson traditionnels. Les produits seront distribués en Israël aux hôtels, restaurants, services de traiteur et autres établissements de restauration. Cet accord fait suite aux partenariats de Steakholder Foods avec Wyler Farms et Sherry Herring, renforçant sa stratégie de commercialisation dans le secteur des protéines alternatives.
Steakholder Foods (Nasdaq: STKH) hat eine Partnerschaft mit Premazon, einem Hersteller und Vertreiber von Tiefkühlprodukten, angekündigt, um eine neue Linie von pflanzlichen weißen Fischspießen einzuführen. Diese Zusammenarbeit wird die proprietäre SH™ - Fish Mischung von Steakholder Foods sowie die Produktions- und Vertriebsfähigkeiten von Premazon nutzen. Von der Partnerschaft wird erwartet, dass sie Einnahmen generiert und die Betriebsabläufe von Steakholder Foods verbessert, was die Expansionspläne des Unternehmens am Markt unterstützt.
Premazon wird die innovative Mischung von Steakholder Foods in ihr Produktportfolio integrieren und eine nachhaltige Alternative zu traditionellen Fischspießen anbieten. Die Produkte werden in Israel an Hotels, Restaurants, Catering-Dienste und andere Gastronomiebetriebe verteilt. Dieser Vertrag folgt auf die Partnerschaften von Steakholder Foods mit Wyler Farms und Sherry Herring und unterstützt die Commercialisierungsstrategie im Bereich alternative Proteine.
- Partnership with Premazon expected to generate revenue for Steakholder Foods
- Expansion of product portfolio with new plant-based white fish kebabs
- Leveraging Premazon's established distribution network in Israel
- Potential for enhanced market presence and monetization opportunities
- None.
Insights
Steakholder Foods is making a strategic move by partnering with Premazon, a significant player in the frozen foods and institutional market distribution. This collaboration is critical as it aligns with Steakholder's commercialization strategy, enhancing their potential for revenue generation and operational efficiency. Financially, this deal is promising since it offers a direct channel to monetize their SH™- Fish premix blend, potentially increasing their
The plant-based food industry is experiencing significant growth, driven by increasing consumer demand for sustainable and health-focused alternatives. By launching a new line of plant-based white fish kebabs, Steakholder Foods is not only diversifying its product portfolio but also capitalizing on a niche yet expanding market. This product line is expected to achieve high market acceptance due to the established brand recognition of Premazon within Israel's foodservice sector, including hotels and restaurants. Furthermore, leveraging Premazon’s distribution network ensures rapid market penetration, which is a strategic advantage in a competitive industry. The focus on taste, texture and nutritional value will likely differentiate Steakholder Foods in the crowded plant-based space, providing them a competitive edge.
Steakholder Foods' use of 3D printing production technologies to develop their SH™- Fish premix blend showcases a significant technological advancement in food production. This innovation not only enhances product quality by ensuring consistency in taste and texture but also aligns with sustainability goals by reducing waste typically associated with conventional fish production. The combination of high-tech food production with traditional distribution networks like Premazon's creates a unique value proposition. This technological edge could set a new standard in the plant-based industry, potentially attracting further investments and partnerships interested in high-tech, sustainable food solutions.
- Expands Product Portfolio with Launch of New Plant-Based White Fish Kebabs
- Expected to Generate Revenue and Enhance Operations, Supporting Steakholder Foods’ Plans for Market Expansion
Rehovot, Israel, July 23, 2024 (GLOBE NEWSWIRE) -- Steakholder Foods Ltd. (Nasdaq: STKH), a leading innovator in alternative proteins production and 3D printing production technologies, today announced an agreement with Premazon, a renowned frozen foods manufacturer and institutional market distributor. This partnership will introduce a new line of plant-based fish products, developed with Steakholder Foods’ proprietary SH™ - Fish premix blend and made commercially available through Premazon’s manufacturing capabilities and distribution network. This collaboration represents a potential income-generating opportunity for Steakholder Foods, while also strengthening the Company’s operations and workflow. These enhancements position the Company favorably for future deals with global manufacturers as Steakholder Foods continues to expand its presence in the plant-based market.
Through this partnership, Premazon, known for its high-quality frozen food products, will integrate Steakholder Foods’ innovative SH™- Fish premix blend into a new plant-based white fish kebab line. This collaboration aims to provide consumers a sustainable and delicious alternative to traditional fish kebabs, that meets the highest standards of taste, texture, and nutrition. Premazon currently produces and distributes its products across Israel, selling into hotels, restaurants, catering services and other foodservice establishments. This agreement will leverage Premazon’s established distribution network, introducing the new line of plant-based white fish kebabs to these diverse channels in the Israeli market. The partnership is set to enhance Premazon’s product portfolio while tapping into the rapidly growing market for plant-based foods.
Arik Kaufman, CEO of Steakholder Foods, said: “This newest agreement is the next step, after Wyler Farms and Sherry Herring, in our commercialization strategy, which focuses on aligning with companies that can elevate Steakholder Foods’ profile and expand our product reach to new geographies and consumers. By leveraging Premazon’s manufacturing and distribution capabilities, we will not only broaden our market presence but also unlocking monetization opportunities that will drive our growth in the alternative protein sector.”
About Steakholder Foods
Steakholder Foods is at the forefront of transforming the alternative protein industries through its advanced technology. Founded in 2019, Steakholder Foods specializes in developing and selling 3D-printing production machines, supported by proprietary premix blends, formulated from the highest-quality raw ingredients. These innovative tools are designed to help manufacturers of all sizes efficiently produce foods that meet and exceed consumer expectations for taste, texture, and appearance and offer a safe and sustainable alternative to industrialized meat and seafood production.
Steakholder Foods’ expertise in creating alternative proteins products that replicate the complex textures of traditional meats such as beef steaks, white fish, shrimp, and eel. The company is also exploring the integration of cultivated cells, preparing for future advancements in food technology.
For more information, please visit: https://steakholderfoods.com
About Premazon
Premazon is a producer of frozen products that specializes in distributing products to the institutional market. The company produces "warm serve" products (baked or fried), with optimized nutritional values, less sodium, and less fat.
About Steakholder Foods
Steakholder Foods is at the forefront of transforming the alternative protein industries through its advanced technology. Founded in 2019, Steakholder Foods specializes in developing and selling 3D-printing production machines, supported by proprietary premix blends, formulated from the highest-quality raw ingredients. These innovative tools are designed to help manufacturers of all sizes efficiently produce foods that meet and exceed consumer expectations for taste, texture, and appearance and offer a safe and sustainable alternative to industrialized meat and seafood production.
Steakholder Foods’ expertise in creating alternative proteins products that replicate the complex textures of traditional meats such as beef steaks, white fish, shrimp, and eel. The company is also exploring the integration of cultivated cells, preparing for future advancements in food technology.
For more information, please visit: https://steakholderfoods.com
Forward-Looking Statements
This press release contains forward-looking statements concerning Steakholder Foods’ business, operations and financial performance and condition as well as plans, objectives, and expectations for Steakholder Foods’ business operations and financial performance and condition. Any statements that are not historical facts may be deemed to be forward-looking statements. Forward-looking statements reflect Steakholder Foods’ current views with respect to future events and are based on assumptions and subject to known and unknown risks and uncertainties, which change over time, and other factors that may cause Steakholder Foods’ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan” or words or phases of similar meaning and include, without limitation, Steakholder Foods’ expectations regarding the success of the technologies which it is developing, which may require significant additional work before Steakholder Foods can potentially launch commercial sales; Steakholder Foods’ research and development activities associated with printing technologies, including three-dimensional food printing, which involves a lengthy and complex process; Steakholder Foods’ ability to obtain and enforce its intellectual property rights and to operate its business without infringing, misappropriating, or otherwise violating the intellectual property rights and proprietary technology of third parties; and other risks and uncertainties, including those identified in Steakholder Foods’ Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission on April 30, 2024. New risks and uncertainties may emerge from time to time, and it is not possible for Steakholder Foods to predict their occurrence or how they will affect Steakholder Foods. If one or more of the factors affecting Steakholder Foods’ forward-looking information and statements proves incorrect, then Steakholder Foods’ actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, Steakholder Foods cautions you not to place undue reliance on its forward-looking information and statements. Steakholder Foods disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.
| Press Contact: | Investor Contacts: | ||
| Maissa Dauriac Rainier Communications mdauriac@rainierco.com Tel: +1-818-642-5257 | Steakholder Foods Investors@steakholderfoods.com | ||
| Steakholder Foods Ltd. 5 Fikes St., Rehovot 8680500 Israel | contact@steakholderfoods.com +972-73-332-2853 |
FAQ
What is Steakholder Foods' new product launch with Premazon?
How will the Premazon partnership benefit Steakholder Foods (STKH)?
Where will Premazon distribute Steakholder Foods' (STKH) new plant-based fish products?
How does this partnership align with Steakholder Foods' (STKH) commercialization strategy?
