Steakholder Foods® Successfully Produced Porcine Fat Cells Differentiated from Induced Pluripotent Stem Cells (iPSC) for Cultivated Pork Products

Rhea-AI Summary

Steakholder Foods Ltd. (NASDAQ: STKH) announced a breakthrough in cultured meat technology by successfully differentiating porcine fat cells from its induced pluripotent stem cell line. This achievement supports the scalability of high-quality 3D-printed pork products. The company also secured its first Canadian patent, enhancing its intellectual property portfolio, which includes similar patents in the US, Australia, and New Zealand. Steakholder Foods continues to innovate in the slaughter-free meat production sector, contributing to sustainability and food security.

Positive

• Successful differentiation of porcine fat cells from stem cells enhances production capabilities.
• First Canadian patent granted for innovative muscle tissue methods strengthens IP portfolio.
• The ability to produce high-quality 3D-printed pork products contributes to sustainable food solutions.

Negative

• None.

This will enhance the company's ability to produce high-quality structured pork products at scale  

REHOVOT, Israel, Nov. 10, 2022 /PRNewswire/ -- Steakholder Foods Ltd. (NASDAQ: STKH), (formerly MeaTech 3D: MITC), an international deep-tech food company at the forefront of the cultured meat industry, today announced that it has successfully differentiated porcine fat cells from its induced pluripotent stem cell line.

This line of stem cells will enable the company to produce an unlimited amount of fat and muscle cells. This is a significant step forward in the company's ability to develop high-quality 3D-printed whole-cut pork products at scale.

Cultivated pork is part of Steakholder Foods' diverse species portfolio under development along with beef, chicken, and fish.  

Arik Kaufman, CEO of Steakholder Foods: "This R&D achievement strengthens our diverse cell lines and capabilities toward accomplishing our mission of 3D printing structured cultivated meat products at scale."

Steakholder Foods strengthens its IP with first Canadian patent

In a continued effort to strengthen its IP, Steakholder Foods has recently been granted its first Canadian patent for systems and methods to apply external forces to muscle tissue that result in the development of high-quality complex structured meat. This patent is another boost to the company's growing global patent portfolio, following similar grants earlier this year in the US, Australia and New Zealand.

About Steakholder Foods

Steakholder Foods Ltd., formerly MeaTech 3D Ltd., is an international deep-tech food company at the forefront of the cultured meat revolution. The company initiated activities in 2019 and is listed on the Nasdaq Capital Market under the ticker "STKH" (formerly MITC). Steakholder Foods maintains facilities in Rehovot, Israel and Antwerp, Belgium and has recently expanded activities to the US.

The company is developing a slaughter-free solution for producing a variety of beef, chicken, pork, and seafood products — both as raw materials and whole cuts — as an alternative to industrialized farming and fishing. With its membership in the UN Global Compact, Steakholder Foods is committed to act in support of issues embodied in the United Nations Sustainable Development Goals (SDGs) which include strengthening food security, decreasing carbon footprint, and conserving water and land resources.

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 its cultured meat manufacturing technologies it is developing, which will require significant additional work before Steakholder Foods can potentially launch commercial sales; Steakholder Foods' research and development activities associated with technologies for cultured meat manufacturing, including three-dimensional meat production, 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, 2021, filed with the Securities and Exchange Commission on March 24, 2022. 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. 

Steakholder Foods Press Contact: 

Maissa Dauriac 
Rainier Communications 
mdauriac@rainierco.com 

Steakholder Foods Investor Contacts:   

Joseph Green 
Edison Group  
jgreen@edisongroup.com 

Ehud Helft 
Edison Israel  
ehelft@edisongroup.com 

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SOURCE Steakholder™ Foods Ltd.

FAQ

What recent achievement did Steakholder Foods (STKH) announce in November 2022?

Steakholder Foods announced the successful differentiation of porcine fat cells from induced pluripotent stem cells, enhancing its capacity to produce 3D-printed pork products.

What patent did Steakholder Foods obtain recently?

The company was granted its first Canadian patent for methods to apply external forces to muscle tissue, supporting the development of complex structured meat.

How does Steakholder Foods contribute to sustainability?

Steakholder Foods focuses on slaughter-free solutions for meat production, aiming to improve food security and reduce environmental impact.

What are the key species under development by Steakholder Foods?

Steakholder Foods is developing various species including beef, chicken, pork, and seafood as part of its cultured meat portfolio.