REHOVOT, Israel, April 3,
2023 /PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq:
STKH), an international deep-tech food company at the forefront of
the cultivated meat industry, today announced its participation in
a strategic investment round in Wilk Technologies Ltd. (TASE:
WILK), alongside leading players in the food industry, such as
Danone and the Central Bottling Co. Ltd. (owner of Tara, Coca Cola
Israel and more).
As part of the investment, Steakholder Foods will purchase
ordinary shares of Wilk in the amount of $450,000 at a 15% discount below their 45-day
average closing price, giving the company a 2.5% stake in Wilk. In
parallel with this investment, Steakholder Foods aims to identify
synergies with Wilk, including various types of strategic
cooperation with the company surrounding Steakholder Foods'
proprietary biology and printing technologies.
Arik Kaufman, CEO of Steakholder
Foods, commented: "We're extremely excited to announce our
strategic collaboration with Wilk. As part of our commitment to
sustainable foods solutions, we see this collaboration as another
step in expanding Steakholder Foods' growing contribution to the
Food-Tech ecosystem and a strategic step in the optimization of our
investment and holding structure."
Wilk operates at the crossroads of Biotech and Food-Tech,
developing technologies for producing cultured human breast and
animal milk. Having launched operations in 2020, the company holds
a number of patent applications and an approved patent, on
laboratory production processes that replicate the milk-producing
cells of humans and other mammals to create 100% real milk and milk
components in laboratory settings. Wilk is publicly traded on the
Tel Aviv Stock Exchange under the ticker symbol "WILK."
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), with headquarters in Rehovot, Israel.
The company is developing a slaughter-free solution for
producing a variety of beef, 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
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' contemplated investment in and
collaboration with Wilk Technologies, including the associated
opportunities and potential expansion of Steakholder Foods'
position in the Food-Tech industry, 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.
SOURCE Steakholder Foods Ltd.