The letter highlights the main achievements of 2022 and
the accelerated go-to-market strategy for 2023
REHOVOT, Israel, Jan. 3, 2023
/PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), (formerly
MeaTech 3D: MITC), an international deep-tech food company at the
forefront of the cultivated meat industry, shared a letter from the
CEO, Arik Kaufman, highlighting the
main achievements of 2022 and the accelerated go-to-market strategy
for 2023.
The letter:
Dear Steakholder,
First and foremost, I would like to thank you for being a
steakholder (as we like to say) in our company, mission, and
community. I firmly believe that we are (and should be) all in this
together, and therefore, I not only value your support ― I
also value your input and ideas. The purpose of this letter is to
provide a general overview to the Steakholders' investor
community about our achievements in 2022 and plans for 2023.
In general, it has been a particularly challenging year for the
stock market as companies have had to maneuver in order to adapt to
economic downturns. Despite these challenges, we have continued to
forge ahead with significant technological achievements, industry
collaboration, and plans for scaling and commercialization.
On the technology front, we have achieved significant milestones
in both our 3D bio-printing capabilities, launching an
industrial-scale printer, and our biological methodologies,
including our first granted patent for physical manipulation of
cultivated muscle tissue. Our research and development advancements
along with our IP base, backed by numerous patent applications,
have cemented our position as a leader in the cultivated meat
space. This has also helped us add some key collaborations to our
business development efforts, including the partnership with
Singapore-based Umami Meats to
3D-print cultivated fish.
On the business front, we have focused our efforts on the US
market, hiring personnel and holding our first US tasting event in
San Francisco, where we introduced our 3D bio-printing capabilities
to the local investor community.
A 2022 highlight that connected sophisticated 3D-printing and
biological capabilities was the announcement of the proof of
concept of Omakase Beef Morsels proof of concept, a
first-of-its-kind, highly marbled 3D-printed cultured beef cut!
Omakase Beef Morsels are an innovative culinary achievement
elegantly designed as a meat lover's delicacy for premium dining
experiences.
Looking ahead to 2023, the company is upgrading its
industrial-scale 3D bio-printer, pushing forward with the biology
department development for our in-house growth media and cell
proliferation across species, accelerating business development and
marketing activities. On the regulation front, I am extremely
pleased with the recent progress that the FDA and USDA have made
with cultivated meat approvals, culminating so far in Upside
Foods' "no questions" letter from the FDA. The team at
Steakholder Foods is pushing forward to submit products for
approval in Singapore, the
USA and Europe in 2023.
I am excited to see how the team is pooling together all
resources towards advancing our growth methodologies at scale,
commercializing our printing capabilities, and creating remarkable
cultivated and hybrid products, while working towards our end goal
of producing cultivated steaks at scale. These strategic
developments are aimed at achieving our accelerated go-to-market
strategy that is focused on the commercialization of our 3D
bio-printer through partnerships and collaborations in 2023.
I'd like to use this opportunity to wish you a Happy New Year! I
look forward to what lies ahead for Steakholder Foods in 2023, and
I value your support as we work toward accomplishing our goals.
Yours truly,
Arik Kaufman
Co-founder and CEO of Steakholder Foods
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.
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
|
|
|
|
|
Photo -
https://mma.prnewswire.com/media/1976448/Steakholder_TM_Foods_Omakase.jpg
Logo -
https://mma.prnewswire.com/media/1871733/Steakholder_Foods_Ltd_logo.jpg
View original content to download
multimedia:https://www.prnewswire.com/news-releases/steakholder-foods-shares-letter-from-the-ceo-arik-kaufman-301712247.html
SOURCE Steakholder Foods Ltd.