The company developed an advanced process
using a filtering system to boost the yield of cell
REHOVOT, Israel, Jan. 25,
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, today announced that it has developed a process that has
achieved 50 times more growth in cell production yield than
previously. This breakthrough process uses a filtering system
integrated with the company's growth method and is expected to
result in greater outputs.
Achieving a high growth yield with minimal use of growth media
is an industry-wide goal, due to the current high cost of growth
media. Steakholder Foods is working to optimize its growth
methodologies, creating more scalable solutions that will enable
cell production at an industrial scale while lowering production
The filtering system maximizes the usage of growth media by
enabling the separation of cells from the media, continuously
removing the used media, and replacing it with fresh media. The
removed media can then be refreshed and reused to enable circular
solutions. The implementation of the filtering system has proved
highly successful for Steakholder Foods, sustainably boosting its
cell yields, and enabling the production of greater
quantities of cultivated meat, relative to the number of
Orit Goldman, Ph.D., VP of
Biology at Steakholder Foods: "The Steakholder Foods' biology
team is pushing the boundaries of cell production methodologies to
optimize our yields and enable the food tech revolution."
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.
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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
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"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
SOURCE Steakholder Foods Ltd.