The letter highlights 2023 achievements and assures
Steakholders of the company's commitment and resilience
REHOVOT, Israel, Oct. 20,
2023 /PRNewswire/ -- Steakholder Foods Ltd.
(Nasdaq: STKH), an international deep-tech food company at the
forefront of the cultivated meat industry, shares a letter from
CEO, Arik Kaufman - a message of
resilience, commitment and progress:
Dear Steakholder,
I hope this letter finds you in good health and spirits amidst
these challenging times.
Recent events in Israel have
profoundly affected us as a community of individuals who care
deeply about our homeland and its people. The horrific loss and
ongoing unrest have touched our hearts, and our condolences
continue to go out to every family impacted.
Israel has always been a source
of initiative, hope and innovation, and we continue to draw
strength from our heritage and commitment to the values we uphold.
In this light, I wanted to personally reach out to assure you of
Steakholder Foods' undaunted resilience and tenacity. While the
emotional weight of this moment is undeniable, our team has
displayed unparalleled dedication, channeling their energy and
passion into advancing our company's mission and growth objectives.
While a small number of employees are bravely taking part in
homeland defense, neither this nor any other aspect of the current
conflict has had a substantial impact on our operations.
In the face of 2023's external challenges, Steakholder Foods is
unwavering in its pursuit of excellence and innovation. We
solidified our B2B approach through a significant partnership with
a Persian Gulf governmental entity, setting the stage for our entry
into new markets and intensifying our R&D and commercialization
agendas. Alongside this, we raised $12.5
million from two offerings, fueling our ambitious corporate
trajectory.
Our technological prowess and forward momentum was notably
evident this year. Leading the charge, we realized a groundbreaking
achievement with our 3D-bioprinted, ready-to-cook cultivated fish,
creating multiple opportunities for strategic partnerships,
especially in the sphere of bio-ink development. This was
complemented by a vital upgrade to our printer, design to boost our
manufacturing and commercialization capabilities.
Furthermore, we launched our state-of-the-art Light CAD Editor,
heralding a new era of 3D model customization. We also filed a
provisional patent for our immortal bovine cell line, which stands
to be a linchpin in our transition to commercial-scale cultivated
meat production. Adding another feather to our cap, our AI-Powered
Nozzle Inspection System ensures that our 3D printing process
remains unparalleled in precision. Concluding our technological
strides, the introduction of SH Beef Steak Ink, synergized with our
fusion printer technology, is poised to set new benchmarks in the
cultivated meat domain.
Each of these milestones signal our shift from a primarily
R&D orientation to robust commercial readiness, with an eye on
redefining the future of the cultivated meat industry.
I recognize that as our valued investors, you have placed your
trust and resources in our vision. It is my promise to you that we
will continue to push forward, innovate, and drive value, even in
these turbulent times. Our operations are ongoing, our goals remain
clear, and our commitment to excellence and business success is
unwavering. We remain steadfast in our mission to provide
exceptional products to our customers and value to our
investors.
Finally, I want to thank you for your continued belief in
Steakholder Foods. It is through collective strength and mutual
support that we will navigate this period, as we do all that we can
to ensure a promising future for our company and its stakeholders.
Let us continue to believe in better days ahead, where peace and
prosperity will prevail.
Thank you for your understanding, patience and unwavering
support.
Yours truly,
Arik Kaufman CEO, Steakholder Foods
About Steakholder Foods
Steakholder Foods 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", 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' reference to its partnership with a
Persian gulf entity as setting the stage for its entry into new
markets and intensifying its R&D and commercialization agendas,
expectations regarding the groundbreaking achievement with our
3D-bioprinted, ready-to-cook cultivated fish, anticipation that the
provisional patent for our immortal bovine cell line will be a
linchpin in its transition to commercial-scale cultivated meat
production, 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. Steakholder Foods is not
yet able to estimate the intensity and duration of the current war,
or any resulting impact it may have on its business and operations.
The Company's anticipation could be affected, materially, by
various factors which are external events beyond the Company's
control.
Logo -
https://mma.prnewswire.com/media/1871733/Steakholder_Foods_Ltd_logo.jpg
Press contact:
Maissa Dauriac
Rainier Communications
mdauriac@rainierco.com
Investor contacts:
Steakholder Foods
investors@steakholderfoods.com
View original
content:https://www.prnewswire.com/news-releases/steakholder-foods-shares-a-message-of-resilience-commitment-and-progress-from-ceo-arik-kaufman-301963076.html
SOURCE Steakholder Foods Ltd.