Steakholder Foods® Receives First Ever Purchase Order Under New Commercial Sales Agreement with Bondor Foods
September 30 2024 - 8:00AM
Steakholder Foods Ltd. (Nasdaq: STKH) (the “Company”), a leading
innovator in alternative proteins production and 3D printing
production technologies, today announced that it has received an
initial purchase order, since it was incorporated, from Bondor
Foods Ltd. under the commercial agreement signed earlier this
month. The order represents a significant milestone for Steakholder
Foods as it marks the Company’s first revenue for its proprietary
alternative protein premixes in 2024.
The purchase order follows the recently
announced commercial agreement between Steakholder Foods and Bondor
Foods, a renowned frozen foods manufacturer and institutional
market distributor. Under the terms of the agreement, Steakholder
Foods will supply its proprietary alternative protein premixes for
use in Bondor Foods’ new line of white fish and salmon patties.
This order solidifies the successful launch of Steakholder Foods'
commercialization efforts, with first income in 2024.
Arik Kaufman, CEO of Steakholder
Foods, said: “We are extremely excited to
announce this first purchase order from Bondor Foods, which
represents a major milestone for our company. As forecasted, we
have secured the company’s first income in 2024. This not only
validates the commercial viability of our innovative products but
also initiates our first revenue stream, as our products transition
into full-scale production. We continue to expand our commercial
endeavors, engaging with global manufacturers and distributors
within the alternative protein food market, and look forward to
solidifying this and our other planned revenue streams, such as
three-dimensional printing machines.”
About Steakholder Foods
Steakholder Foods is at the forefront of
transforming the alternative protein industries through its
advanced technology. Founded in 2019, Steakholder Foods specializes
in developing and selling 3D-printing production machines,
supported by proprietary premix blends, formulated from the
highest-quality raw ingredients. These innovative tools are
designed to help manufacturers of all sizes efficiently produce
foods that meet and exceed consumer expectations for taste,
texture, and appearance and offer a safe and sustainable
alternative to industrialized meat and seafood production.
Steakholder Foods’ expertise in creating
alternative proteins products that replicate the complex textures
of traditional meats such as beef steaks, white fish, shrimp, and
eel. The company is also exploring the integration of cultivated
cells, preparing for future advancements in food technology.
For more information, please visit:
https://steakholderfoods.com
About Bondor Foods
Bondor Foods Ltd. is a producer, marketer and
distributor of a wide range of ready-to-eat vegan and vegetarian
products to the institutional market, including hotels, restaurants
and delicatessens.
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 the technologies which it is developing, which may require
significant additional work before Steakholder Foods can
potentially launch commercial sales; Steakholder Foods’ research
and development activities associated with printing technologies,
including three-dimensional food printing, 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, 2023, filed with
the Securities and Exchange Commission on April 30, 2024. 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
DauriacRainier
Communicationsmdauriac@rainierco.comTel:
+1-818-642-5257 |
Steakholder
Foods Investors@steakholderfoods.com |
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