Steakholder Foods® Secures $270,000 in Second SIIRD Grant Installment
November 12 2024 - 7:30AM
Steakholder Foods Ltd. (Nasdaq:
STKH), a leading innovator in alternative proteins and 3D
printing technologies, today announced that it has received its
second-phase payment of USD 270,000 from the Singapore-Israel
Industrial R&D Foundation (SIIRD). To date the Company has
received a total of USD 490,000 from the USD 1,000,000 grant
awarded to Steakholder Foods from SIIRD.
The first installment was disbursed in March
2024 following the Company’s successful production of 3D-printed
hybrid fish using its proprietary Printer HD144 and Drop Location
in Space (DLS)™ printing technologies. This second milestone
payment was triggered by the Company’s creation of plant-based
3D-printed fish and eel. The team is moving forward with new premix
blends for the second phase of the project – 3D printed eel.
The team has made great advancements in the
creation of eel texture and flavor. This involves meticulous model
planning, material development, premix formulation, and the final
printed product. These advancements underscore Steakholder Foods'
dedication to pushing the boundaries of food technology and
offering diverse, sustainable alternatives to traditional
seafood.
Arik Kaufman, CEO of
Steakholder Foods,
said: “We are thrilled to receive this second
grant installment from SIIRD, which reflects our progress and
commitment to advancing food technology. Our successful development
of hybrid grouper fish has paved the way for new innovations, and
we are excited to continue enhancing our 3D printing capabilities
and premix formulations to create additional high-quality,
sustainable seafood alternatives.”
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
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
Dauriac Rainier
Communications mdauriac@rainierco.com
Tel: +1-818-642-5257 |
Steakholder
Foods Investors@steakholderfoods.com |
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