Steakholder Foods® Receives First Ever Purchase Order Under New Commercial Sales Agreement with Bondor Foods
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) ha ricevuto il suo primo ordine di acquisto da Bondor Foods nell'ambito di un accordo commerciale recentemente firmato. Questo traguardo segna il primo fatturato dell'azienda per i suoi mix di proteine alternative brevettati nel 2024. L'ordine segue un accordo commerciale in cui Steakholder Foods fornirà i suoi mix per la nuova linea di hamburger di pesce bianco e salmone di Bondor Foods.
Questo sviluppo rappresenta un importante passo avanti negli sforzi di commercializzazione di Steakholder Foods, convalidando la fattibilità commerciale dei loro prodotti e avviando il loro primo flusso di entrate. L'azienda sta attivamente espandendo i suoi sforzi commerciali, collaborando con produttori e distributori globali nel mercato degli alimenti a base di proteine alternative e mira a consolidare ulteriori flussi di entrate, inclusi macchinari per stampa tridimensionale.
Steakholder Foods (Nasdaq: STKH) ha recibido su primer pedido de compra de Bondor Foods bajo un acuerdo comercial recientemente firmado. Este hito marca el primer ingreso de la empresa por sus mezclas de proteínas alternativas patentadas en 2024. El pedido sigue a un acuerdo comercial en el que Steakholder Foods suministrará sus mezclas para la nueva línea de hamburguesas de pescado blanco y salmón de Bondor Foods.
Este desarrollo representa un paso significativo en los esfuerzos de comercialización de Steakholder Foods, validando la viabilidad comercial de sus productos e iniciando su primer flujo de ingresos. La empresa está ampliando activamente sus esfuerzos comerciales, colaborando con fabricantes y distribuidores globales en el mercado de alimentos a base de proteínas alternativas y busca consolidar flujos de ingresos adicionales, incluidos las máquinas de impresión tridimensional.
Steakholder Foods (NASDAQ: STKH)는 최근 체결된 상업 계약에 따라 Bondor Foods로부터 첫 구매 주문을 받았습니다. 이 이정표는 2024년 자사의 독점 대체 단백질 프리믹스에 대한 첫 수익을 의미합니다. 이 주문은 Steakholder Foods가 Bondor Foods의 새로운 흰 생선 및 연어 패티 라인에 프리믹스를 공급하기로 한 상업 계약에 따른 것입니다.
이번 발전은 Steakholder Foods의 상업화 노력의 중요한 진전을 나타내며, 이들의 제품의 상업적 가능성을 검증하고 첫 수익원을 시작하는 것입니다. 이 회사는 대체 단백질 식품 시장에서 글로벌 제조업체 및 유통업체와 협력하며 상업적 노력을 적극적으로 확장하고 있으며, 3D 프린팅 기계를 포함한 추가 수익원 확보를 목표로 하고 있습니다.
Steakholder Foods (Nasdaq: STKH) a reçu sa première commande d'achat de Bondor Foods dans le cadre d'un accord commercial récemment signé. Ce jalon marque le premier chiffre d'affaires de l'entreprise pour ses mélanges de protéines alternatives propriétaires en 2024. La commande fait suite à un accord commercial selon lequel Steakholder Foods fournira ses mélanges pour la nouvelle gamme de galettes de poisson blanc et de saumon de Bondor Foods.
Ce développement représente un pas significatif dans les efforts de commercialisation de Steakholder Foods, validant la viabilité commerciale de leurs produits et initie leur premier flux de revenus. L'entreprise s'engage activement dans l'expansion de ses efforts commerciaux, en collaborant avec des fabricants et distributeurs mondiaux sur le marché des aliments à base de protéines alternatives, et vise à consolider des flux de revenus supplémentaires, y compris des machines d'impression tridimensionnelle.
Steakholder Foods (Nasdaq: STKH) hat seine erste Kaufbestellung von Bondor Foods im Rahmen eines kürzlich unterzeichneten Handelsvertrags erhalten. Dieser Meilenstein markiert die ersten Einnahmen des Unternehmens aus seinen proprietären alternativen Proteinmischungen im Jahr 2024. Der Auftrag folgt einem Handelsvertrag, in dem Steakholder Foods seine Mischungen für die neue Linie von weißen Fisch- und Lachs-Patties von Bondor Foods liefern wird.
Diese Entwicklung stellt einen bedeutenden Schritt in den Kommerzialisierungsbemühungen von Steakholder Foods dar, validiert die kommerzielle Lebensfähigkeit ihrer Produkte und leitet ihren ersten Einnahmefluss ein. Das Unternehmen erweitert aktiv seine kommerziellen Bemühungen und arbeitet mit globalen Herstellern und Distributoren im Markt für alternative Proteinprodukte zusammen und strebt an, zusätzliche Einnahmequellen, einschließlich 3D-Druckmaschinen, zu festigen.
- Received first-ever purchase order, marking initial revenue milestone
- Secured commercial agreement with Bondor Foods for alternative protein premixes
- Validated commercial viability of innovative products
- Initiated first revenue stream in 2024
- Expanding commercial endeavors with global manufacturers and distributors
- None.
Insights
This purchase order marks a significant milestone for Steakholder Foods, representing their first-ever revenue stream since incorporation. While the exact financial figures aren't disclosed, this development signals the company's transition from R&D to commercialization, a critical phase for any startup.
The agreement with Bondor Foods for supplying alternative protein premixes demonstrates market validation for Steakholder's products. This could potentially lead to recurring revenue and set a precedent for similar deals with other food manufacturers.
Investors should note that while this is a positive step, it's still early days. The company's ability to scale production, meet demand and secure additional customers will be important for long-term success. The mention of expanding commercial endeavors and potential revenue from 3D printing machines suggests multiple revenue streams in development, which could diversify risk and enhance growth prospects.
Overall, this news indicates Steakholder Foods is progressing from a pre-revenue to revenue-generating company, a critical inflection point that often attracts investor interest in the alternative protein sector.
Initial Order Marks First Income Milestone for Company as it Secures Initial Revenue Stream for Alternative Protein Premixes
Rehovot, Israel, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Steakholder Foods Ltd. (Nasdaq: STKH) (the “Company”), a leading innovator in alternative proteins production and 3D printing production technologies, today announced that it has received an initial purchase order, since it was incorporated, from Bondor Foods Ltd. under the commercial agreement signed earlier this month. The order represents a significant milestone for Steakholder Foods as it marks the Company’s first revenue for its proprietary alternative protein premixes in 2024.
The purchase order follows the recently announced commercial agreement between Steakholder Foods and Bondor Foods, a renowned frozen foods manufacturer and institutional market distributor. Under the terms of the agreement, Steakholder Foods will supply its proprietary alternative protein premixes for use in Bondor Foods’ new line of white fish and salmon patties. This order solidifies the successful launch of Steakholder Foods' commercialization efforts, with first income in 2024.
Arik Kaufman, CEO of Steakholder Foods, said: “We are extremely excited to announce this first purchase order from Bondor Foods, which represents a major milestone for our company. As forecasted, we have secured the company’s first income in 2024. This not only validates the commercial viability of our innovative products but also initiates our first revenue stream, as our products transition into full-scale production. We continue to expand our commercial endeavors, engaging with global manufacturers and distributors within the alternative protein food market, and look forward to solidifying this and our other planned revenue streams, such as three-dimensional printing machines.”
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 Bondor Foods
Bondor Foods Ltd. is a producer, marketer and distributor of a wide range of ready-to-eat vegan and vegetarian products to the institutional market, including hotels, restaurants and delicatessens.
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 |
FAQ
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