The business model will focus on selling 3D bio-printers
and bio-inks designed to develop delicious,
nutritious, safe, and consistent cultivated meat from ethically
harvested cells.
- 3D bio-printers: the Company is developing
Ready-to-Cook 3D printers, for the production of hybrid cultivated
products, incorporating a unique printing process that gives the
product its fibrous texture.
- Bio-inks: the Company is developing various
bio-inks to print different species, and will offer customization
options intended to allow clients to purchase bio-inks for any type
of species they would like to produce, tailored to their specific
needs and preferences.
REHOVOT, Israel, May 25, 2023
/PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), an
international deep-tech food company at the forefront of the
cultivated meat industry, today announced that it has focused its
business model to target B2B meat manufacturers and cultivated meat
producers, by offering manufacturers the ability to produce a
cultivated meat product that aims to closely mimic the taste,
texture, and appearance of traditional meat. The Company intends to
monetize its 3D printers and bio-inks that are needed to support
printer operation.
The Company's competitive advantage lies in its top-of-the-line
expertise in 3D bio-printing technology and its ability to create
highly–sophisticated, structured end products that aim to closely
mimic real meat in terms of taste, texture, and appearance.
In accordance with Steakholder Foods' new business model,
the products it plans to offer:
1. 3D bio-printers
The Company's 3D printers are state-of-the-art technology designed
to produce cultivated meat products that mimic the texture, taste,
and appearance of conventional meat. The Company is developing two
types of printer platforms:
- Ready to Cook (RTC) printer
The flagship product, the RTC printer, produces a hybrid cultivated
meat product made from a mixture of cultivated and plant-based
ingredients.
- The Company plans to offer lab- and industrial-scale printers
using one of two types of technology to produce different end
products. DropJet technology, based on drops of gel-based
materials to create a 3D structure, is ideal for producing fish and
seafood products, while for all other meat products, Fusion
technology extrudes paste materials through a narrow nozzle,
enabling the creation of fiber texture that best simulates
conventional meat fibers.
- 3D printer for incubated products
The Company's innovation team is developing a 3D printer for an
incubated product, such as tissue-engineered steak, considered the
holy grail of the industry. This printer is expected to be a future
value proposition for the Company when economies of scale support a
market for fully cultivated products. This printer is designed to
produce a fully matured, cultivated, printed meat product, which
will require live cells to grow, differentiate, and mature, forming
complex fibrous tissue that resembles the texture and taste of
conventional meat.
2. Bio-inks
Bio-inks are an integral part of the Company's 3D printing
technology. Steakholder Foods' bio-inks are made of plant-based
ingredients and cultivated cells. They are developed to ensure the
production of tasty, safe, and consistent products. The Company
plans to offer customization options intended to allow clients to
create bio-inks for any type of species they would like to produce,
tailored to their specific needs and preferences. The bio-inks will
be available for purchase alongside the 3D
printers.
Arik Kaufman, CEO of
Steakholder Foods: "By offering 3D printing production
methodologies to B2B clients, Steakholder Foods has the opportunity
to become a backbone supplier that enables the production of
products that consumers seek and expect. Our 3D bio-printing
technology and customized bio-inks reflect our commitment to
revolutionizing the food industry."
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 cellular agriculture meat products, such as beef and
seafood, by offering manufacturers the ability to produce a
cultivated meat product that aims to closely mimic the taste,
texture, and appearance of traditional meat— 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, 2022, filed with the Securities and
Exchange Commission on April 4,
2023. 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:
Maissa Dauriac
Rainier Communications
mdauriac@rainierco.com
Investor Contacts:
Steakholder Foods
Investors@steakholderfoods.com
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SOURCE Steakholder Foods Ltd.