Steakholder Foods® to Sell MX200 Printer to Vegefarm for Asia Market Launch
Steakholder Foods (Nasdaq: STKH) has signed a Memorandum of Understanding with Vegefarm, a Taiwanese food company, for the sale of its MX200 3D printer and raw materials. The agreement focuses on adapting Steakholder's 3D-printed plant-based Marbled Beef Steak for the Asian market. The deal includes providing Vegefarm with the MX200 printer, powered by Fused Paste Layering (FPL™) technology, along with plant-based premixes.
The Industrial Technology Research Institute (ITRI) will support product adaptation for the Taiwanese market, while Vegefarm will manage commercialization, production, and distribution leveraging its established market presence.
Steakholder Foods (Nasdaq: STKH) ha firmato un Memorandum di Intesa con Vegefarm, un'azienda alimentare taiwanese, per la vendita della sua stampante 3D MX200 e delle materie prime. L'accordo si concentra sull'adattamento della Marbled Beef Steak vegetale stampata in 3D di Steakholder per il mercato asiatico. Il contratto prevede la fornitura a Vegefarm della stampante MX200, alimentata dalla tecnologia Fused Paste Layering (FPL™), insieme a premiscelati vegetali.
L'Istituto di Ricerca della Tecnologia Industriale (ITRI) supporterà l'adattamento del prodotto per il mercato taiwanese, mentre Vegefarm gestirà la commercializzazione, la produzione e la distribuzione sfruttando la sua consolidata presenza nel mercato.
Steakholder Foods (Nasdaq: STKH) ha firmado un Memorando de Entendimiento con Vegefarm, una empresa de alimentos taiwanesa, para la venta de su impresora 3D MX200 y materias primas. El acuerdo se centra en adaptar el Marbled Beef Steak a base de plantas impreso en 3D de Steakholder para el mercado asiático. El acuerdo incluye proporcionar a Vegefarm la impresora MX200, impulsada por la tecnología Fused Paste Layering (FPL™), junto con mezclas a base de plantas.
El Instituto de Investigación Tecnológica Industrial (ITRI) apoyará la adaptación del producto para el mercado taiwanés, mientras que Vegefarm se encargará de la comercialización, producción y distribución aprovechando su presencia consolidada en el mercado.
Steakholder Foods (Nasdaq: STKH)가 대만 식품 회사 Vegefarm과 MX200 3D 프린터 및 원자재 판매를 위한 양해각서를 체결했습니다. 이 계약은 Steakholder의 3D 프린팅 식물 기반 Marbled Beef Steak을 아시아 시장에 맞게 조정하는 데 중점을 두고 있습니다. 이 거래에는 Vegefarm에 융합 페이스트 적층(FPL™) 기술로 작동하는 MX200 프린터와 함께 식물 기반 프리믹스를 제공하는 내용이 포함되어 있습니다.
산업기술연구원(ITRI)은 대만 시장에 맞게 제품을 조정하는 데 지원할 것이며, Vegefarm은 확립된 시장 존재감을 활용하여 상업화, 생산 및 유통을 관리할 것입니다.
Steakholder Foods (Nasdaq: STKH) a signé un protocole d'accord avec Vegefarm, une entreprise alimentaire taïwanaise, pour la vente de son imprimante 3D MX200 et de matières premières. L'accord se concentre sur l'adaptation du Marbled Beef Steak à base de plantes imprimé en 3D de Steakholder pour le marché asiatique. L'accord comprend la fourniture à Vegefarm de l'imprimante MX200, alimentée par la technologie Fused Paste Layering (FPL™), ainsi que des mélanges à base de plantes.
L'Institut de Recherche en Technologie Industrielle (ITRI) soutiendra l'adaptation du produit pour le marché taïwanais, tandis que Vegefarm gérera la commercialisation, la production et la distribution en tirant parti de sa présence bien établie sur le marché.
Steakholder Foods (Nasdaq: STKH) hat ein Memorandum of Understanding mit Vegefarm, einem taiwanesischen Lebensmittelunternehmen, zur Verkaufs der MX200 3D-Drucker und Rohstoffen unterzeichnet. Der Vertrag konzentriert sich auf die Anpassung des pflanzenbasierten Marbled Beef Steak von Steakholder für den asiatischen Markt. Das Geschäft umfasst die Bereitstellung des MX200-Druckers, der von der Fused Paste Layering (FPL™)-Technologie betrieben wird, zusammen mit pflanzenbasierten Vormischungen für Vegefarm.
Das Industrial Technology Research Institute (ITRI) wird die Produktanpassung für den taiwanesischen Markt unterstützen, während Vegefarm das Marketing, die Produktion und den Vertrieb unter Ausnutzung seiner etablierten Marktpräsenz verwalten wird.
- Expansion into Asian market through commercial partnership with established Taiwanese manufacturer
- Sale of MX200 3D printer and accompanying raw materials
- Strategic support from ITRI for market adaptation
- Access to Vegefarm's existing distribution channels
- None.
Insights
The MX200 printer deal represents a significant technological milestone in food manufacturing automation. The Fused Paste Layering technology enables precise control over texture and structure in plant-based meat alternatives, addressing a key challenge in this market. This partnership strategically positions Steakholder Foods to leverage Vegefarm's established distribution network while gaining valuable insights from ITRI's research expertise.
The combination of advanced 3D printing technology with local market adaptation capabilities creates a scalable model for international expansion. This approach could significantly reduce the typical barriers to entry in new markets, as the technology can be customized to meet regional taste preferences and regulatory requirements. The involvement of ITRI adds credibility and technical support that could accelerate market acceptance.
This strategic move into the Asian market is particularly well-timed, as the region represents one of the fastest-growing markets for plant-based proteins. Taiwan serves as an excellent launch point, with its sophisticated consumer base and strong food technology infrastructure. The partnership with Vegefarm, a well-established local player, significantly de-risks market entry and provides immediate access to existing distribution channels.
The deal structure, starting with a single printer sale, allows for market testing and optimization before larger-scale deployment. This cautious approach helps minimize initial investment while providing valuable market feedback. If successful, this model could be replicated in other Asian markets, potentially leading to multiple printer sales and recurring revenue from raw materials.
Under a Memorandum of Understanding, Steakholder Foods will adapt its 3D-printed plant-based Marbled Beef Steak for the Asian market, with Taiwanese manufacturer Vegefarm leading commercialization efforts.
Rehovot, Israel, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Steakholder Foods Ltd. (Nasdaq: STKH), a leading innovator in alternative proteins and 3D printing technologies, is pleased to announce the signing of a Memorandum of Understanding (MoU) with Vegefarm Co. Ltd., a prominent Taiwanese food company, for the sale of its MX200 3D printer and accompanying raw materials. This deal marks a major step in Steakholder Foods’ expansion into the Asian market, aligning with the growing demand for innovative plant-based products.
Jack Chen, Chairman of Vegefarm (left), and Arik Kaufman, CEO of Steakholder Foods (right),
sign commercial terms for MX200 sale.
Under the MoU, Steakholder Foods would provide Vegefarm with the MX200 printer, powered by its advanced Fused Paste Layering (FPL™) technology, and plant-based premixes designed to create high-quality meat alternatives. The Industrial Technology Research Institute (ITRI), a leading Taiwanese research institute, will support the adaptation of Steakholder Foods’ product for the Taiwanese market while Vegefarm will take on the role of commercialization, managing the production and distribution of these products, utilizing its established market presence to drive adoption and sales.
Arik Kaufman, CEO of Steakholder Foods, said: “We are excited to enter this commercial phase with Vegefarm and to have the support of ITRI in adapting our innovative technology for Taiwan. This deal is a testament to our commitment to providing scalable, high-quality plant-based solutions globally, and we look forward to seeing these products thrive in the Asian market through Vegefarm’s distribution channels.”
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 Vegefarm
Originating from Taipei, Taiwan, Vegefarm has been operating for more than 70 years. As a top leading frozen vegetarian food manufacturer, Vegefarm produces and supplies more than 300 kinds of high-quality, healthy and delicious vegetarian and vegan products.
https://www.vegefarmglobal.com/
About ITRI
Industrial Technology Research Institute (ITRI) is one of the world’s leading technology R&D institutions aiming to innovate a better future for society. Founded in 1973, ITRI has played a vital role in transforming Taiwan’s industries from labor-intensive into innovation-driven. To address market needs and global trends, it has launched its 2030 Technology Strategy & Roadmap and focuses on innovation development in Smart Living, Quality Health, and Sustainable Environment. It also strives to strengthen Intelligentization, enabling technology to support diversified applications.
Over the years, ITRI has been dedicated to incubating startups and spinoffs, including well-known names such as UMC and TSMC. In addition to its headquarters in Taiwan, ITRI has branch offices in the U.S., Europe, and Japan in an effort to extend its R&D scope and promote international cooperation across the globe. For more information, please visit https://www.itri.org/eng
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.
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FAQ
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