REHOVOT, Israel,
Sept. 22,
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
responded to the Company's recent trading performance.
Arik Kaufman, Chief Executive
Officer of the Company, commented: "Members of the Company's
management are closely following the recent developments in
connection with the Company's current trading price. The Company is
not aware of any material negative developments that have not been
disclosed to the public, and our operations, including both
research and development, and commercialization efforts, are
proceeding in accordance with our work plan."
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"
(formally 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 Food's
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.
Press
Contact:
|
Investor
Contacts:
|
|
|
|
|
Maissa
Dauriac
Rainier Communications
mdauriac@rainierco.com
|
Joseph Green
Edison Group
jgreen@edisongroup.com
|
Ehud Helft
Edison Israel
ehelft@edisongroup.com
|
|
|
|
|
View original
content:https://www.prnewswire.com/news-releases/steakholder-foods-ltd-responds-to-recent-drop-in-share-price-301631556.html
SOURCE Steakholder Foods Ltd.