Steakholder Foods® Signs Commercial Sales Agreement for its Plant-Based Premixes with Bondor Foods
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) ha firmato un accordo di vendita commerciale con Bondor Foods per fornire i suoi premix vegetali proprietari per la produzione di kebab di pesce bianco e hamburger di salmone. Questo segna la prima vendita commerciale di premix da parte di Steakholder Foods per la produzione e distribuzione su larga scala.
L'accordo segue una fase di sviluppo prodotto di successo con la società sorella di Bondor Foods, Premazon. La produzione dovrebbe iniziare entro la fine del 2024, sfruttando l'ampia rete distributiva e l'expertise di mercato di Bondor Foods come principale grossista.
Questa collaborazione combina la tecnologia alimentare avanzata di Steakholder Foods con la consolidata presenza di mercato di Bondor Foods, mirando a soddisfare la crescente domanda di soluzioni alimentari sostenibili. L'accordo convalida il potenziale di mercato per alternative di frutti di mare vegetali.
Steakholder Foods (Nasdaq: STKH) ha firmado un acuerdo de ventas comerciales con Bondor Foods para suministrar sus premixes a base de plantas patentados para producir kebabs de pescado blanco y hamburguesas de salmón. Esto marca la primera venta comercial de premixes de Steakholder Foods para la fabricación y distribución a gran escala.
El acuerdo sigue una exitosa fase de desarrollo de producto con la empresa hermana de Bondor Foods, Premazon. Se espera que la producción comience para finales de 2024, aprovechando la extensa red de distribución y la experiencia de mercado de Bondor Foods como mayorista líder.
Esta colaboración combina la tecnología alimentaria avanzada de Steakholder Foods con la establecida presencia en el mercado de Bondor Foods, con el objetivo de satisfacer la creciente demanda de soluciones alimentarias sostenibles. El acuerdo valida el potencial de mercado para alternativas de mariscos a base de plantas.
스테이크홀더 푸드(나스닥: STKH)가 본도르 푸드와 상업 판매 계약을 체결하여 화이트 피시 케밥과 연어 패티를 생산하기 위한 독점 식물 기반 프리믹스를 공급하게 되었습니다. 이는 스테이크홀더 푸드의 대규모 제조 및 유통을 위한 첫 상업적 판매를 의미합니다.
이번 계약은 본도르 푸드의 자회사인 프레마존과의 성공적인 제품 개발 단계를 따릅니다. 2024년 말까지 생산이 시작될 예정이며, 본도르 푸드의 광범위한 유통 네트워크와 시장 전문성을 활용할 것입니다.
이번 협력은 스테이크홀더 푸드의 첨단 식품 기술과 본도르 푸드의 확립된 시장 존재를 결합하여 지속 가능한 식품 솔루션에 대한 증가하는 수요를 충족하는 것을 목표로 합니다. 이 계약은 식물 기반 해산물 대체품의 시장 잠재력을 검증합니다.
Steakholder Foods (Nasdaq: STKH) a signé un accord de vente commercial avec Bondor Foods pour fournir ses mélanges végétaux propriétaires destinés à produire des kebabs de poisson blanc et des galettes de saumon. Cela marque la première vente commerciale de mélanges pour Steakholder Foods dans le cadre d'une fabrication et d'une distribution à grande échelle.
Ce contrat fait suite à une phase de développement de produit réussie avec la société soeur de Bondor Foods, Premazon. La production devrait commencer d'ici la fin de 2024, tirant parti du vaste réseau de distribution et de l'expertise du marché de Bondor Foods en tant que grossiste leader.
Cette collaboration combine la technologie alimentaire avancée de Steakholder Foods avec la présence de marché bien établie de Bondor Foods, visant à répondre à la demande croissante de solutions alimentaires durables. L'accord valide le potentiel du marché pour les alternatives de fruits de mer à base de plantes.
Steakholder Foods (Nasdaq: STKH) hat einen Handelsverkaufsvertrag mit Bondor Foods unterzeichnet, um seine eigenen pflanzlichen Mischungen zur Herstellung von Weißfisch-Kebabs und Lachs-Patties zu liefern. Dies stellt den ersten kommerziellen Verkauf von Mischungen von Steakholder Foods für die großflächige Herstellung und Verteilung dar.
Der Vertrag folgt einer erfolgreichen Produktentwicklungsphase mit der Schwesterfirma von Bondor Foods, Premazon. Die Produktion soll Ende 2024 beginnen, wobei das umfangreiche Vertriebsnetz und die Marktexpertise von Bondor Foods als führendem Großhändler genutzt werden.
Diese Zusammenarbeit kombiniert die fortschrittliche Food-Technologie von Steakholder Foods mit der etablierten Marktpräsenz von Bondor Foods und zielt darauf ab, die wachsende Nachfrage nach nachhaltigen Ernährungslösungen zu decken. Der Vertrag bestätigt das Marktpotential für pflanzenbasierte Meeresfrüchte-Alternativen.
- First commercial sale of Steakholder Foods' premixes for large-scale manufacturing
- Partnership with established distributor Bondor Foods for market entry
- Expansion into plant-based seafood alternatives market
- Successful completion of product development phase
- None.
Insights
This commercial sales agreement between Steakholder Foods and Bondor Foods marks a significant milestone in the plant-based protein industry. The deal enables large-scale production of white fish kebab and salmon patties using Steakholder Foods' proprietary premixes, signaling a shift from development to commercialization.
Key points to consider:
- First commercial sale of Steakholder Foods' premixes for large-scale manufacturing
- Production expected to start by end of 2024
- Leverages Bondor Foods' extensive distribution network
- Addresses growing demand for sustainable food solutions
This partnership combines Steakholder Foods' innovative food technology with Bondor Foods' market presence, potentially accelerating market penetration for plant-based seafood alternatives. For investors, this development suggests revenue generation potential and market validation for Steakholder Foods' products, which could positively impact the company's financial outlook.
However, investors should monitor execution risks, market acceptance of the new products and potential competition in the rapidly evolving alternative protein space. The success of this venture could set a precedent for future partnerships and sales agreements, potentially opening new revenue streams for Steakholder Foods.
Agreement Enables Bondor Foods to Launch Production of White Fish Kebab and Salmon Patties Developed Using Steakholder Foods’ Premixes, Marking Transition to Large-Scale Manufacturing
Rehovot, Israel, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Steakholder Foods Ltd. (Nasdaq: STKH) (the “Company”), a leading innovator in alternative proteins production and 3D printing production technologies, announced today that it has signed a sales agreement with Bondor Foods Ltd., a renowned frozen foods manufacturer and institutional market distributor, to supply its proprietary plant-based premixes for the production of a line of white fish and salmon patties. This agreement marks the first commercial sale of Steakholder Foods’ premixes, for the purpose of large-scale manufacturing and distribution. This sales agreement follows the successful completion of a product development phase (done with Bondor Foods’ sister company, Premazon), announced earlier this year.
Bondor Foods is set to commence production of the new plant-based products by the end of 2024.. This sales agreement leverages Bondor Foods’ extensive distribution network and market expertise as a leading wholesaler. This agreement combines Steakholder Foods’ advanced food technology with Bondor Foods’ established market presence, positioning both companies to work together to respond to the growing demand for sustainable and innovative food solutions.
Arik Kaufman, CEO of Steakholder Foods, said: “We are glad to announce this commercial sale of our proprietary premixes and to move into large-scale production. This agreement is a testament to the successful collaboration between our companies throughout the development phase to create a truly innovative new product line, and validates the market potential for plant-based seafood alternatives. Bondor Foods’ strong presence in the wholesale market makes them an ideal partner to bring these products to market at scale.”
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.
https://bene.co.il/
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 products will be produced using Steakholder Foods' (STKH) premixes?
When will Bondor Foods start production of Steakholder Foods' (STKH) plant-based products?
What does the sales agreement between Steakholder Foods (STKH) and Bondor Foods signify?
How does the partnership between Steakholder Foods (STKH) and Bondor Foods benefit both companies?
