Steakholder Foods' strategic partnership with a GCC-based governmental body aims to revolutionize food security using 3D-printing. FoodTech; Cultivated Food
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Steakholder Foods News: Gets Patent For 3D Food Printing

Steakholder Foods Gets a Patent For 3D Food Printing (2023/07/31)

Steakholder Foods Ltd. announced the allowance of a groundbreaking patent for advanced print heads designed to revolutionize 3D bioprinting. This cutting-edge technology represents a significant step forward in the fabrication of edible biostructures. The print heads, developed with meticulous attention to detail, overcome traditional challenges in bioprinting, such as achieving specificity at scale and efficiency when working with hydrogels containing biological materials. With these innovative print heads, Steakholder Foods aims to enhance the fabrication of edible biostructures using the company’s drop-on-demand technology within bioprinting systems, allowing for the deposition of patterns of cells with exceptional precision.

Bioprinting has emerged as a transformative process for creating intricate biological structures, including edible biostructures that mimic the properties and functionalities of native tissues. Steakholder Foods recognizes the immense potential of bioprinting and has been dedicated to pushing the boundaries of this technology. The newly allowed patent underscores a significant milestone in their relentless pursuit of commercial-scale 3D printing technologies. This follows the company’s recent multi-million-dollar agreement, and the allowed patent further strengthens its intellectual property portfolio, empowering its 3D bioprinting technology for high-throughput production of highly-sophisticated, structured, textured end products.

Dan Kozlovski, CTO of Steakholder Foods, emphasized the company’s dedication to precision and innovation, extending beyond print heads. Through continuous research and development efforts, along with expertise in 3D bio-printing technology, Steakholder Foods is focusing on the creation of end products that faithfully mimic the taste, texture, and appearance of traditional meat and seafood. These advancements are expected to position Steakholder Foods as a backbone supplier to B2B meat and seafood manufacturers and cultivated meat producers, driving the production of products that meet consumer expectations.

Steakholder Foods Successfully Closes Registered Direct Offering, Raising $6 Million in Gross Proceeds (2023/07/28)

Steakholder Foods Ltd. (Nasdaq: STKH), an international deep-tech food company leading the cultivated meat industry, has announced the successful closing of a registered direct offering. In this offering, the company sold 6,000,000 of its American Depositary Shares (ADSs), where each ADS represents ten ordinary shares, at a purchase price of $1.00 per ADS. Alongside the direct offering, Steakholder Foods has also issued unregistered warrants in a private placement, enabling the purchase of up to 6,000,000 additional ADSs. These warrants, with an exercise price of $1.10 per ADS, can be exercised immediately upon issuance and will expire three and one-half years from the date of issuance.

The offering, for which H.C. Wainwright & Co. served as the exclusive placement agent, resulted in gross proceeds of $6 million for Steakholder Foods. Before deducting the placement agent’s fees and other related expenses, this sum will be utilized as working capital for general corporate purposes. The company’s successful completion of this direct offering signifies a considerable move toward strengthening its financial position in the burgeoning cultivated meat industry.

Steakholder Foods Inks Groundbreaking Partnership to Advance Food Security in the GCC Using 3D-Printed Cultivated Meat Technology (2023/07/25)

Steakholder Foods Ltd. (NASDAQ: STKH), a pioneering deep-tech food company in the cultivated meat industry, has taken a significant step forward in its mission to revolutionize the food industry and address food security challenges. The company recently announced a momentous Memorandum of Agreement for Strategic Cooperation (MOA) with an accredited GCC-based governmental body, signifying a groundbreaking partnership that aims to advance food security efforts using Steakholder Foods’ cutting-edge 3D printing technology.

The strategic cooperation with the GCC-based partner is focused on implementing Steakholder Foods’ innovative 3D printing technology in the Gulf Cooperation Council region, encompassing Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The collaboration will begin with an investment from the partner to construct a pilot plant designed explicitly for producing 3D-printed hybrid-fish products. The ultimate goal of the MOA is to establish a large-scale production facility—the first of its kind in the Persian Gulf region—to ensure sustainable and nutritious food production using state-of-the-art techniques.

The core of this strategic partnership lies in leveraging Steakholder Foods’ expertise in mature Ready-to-Cook (RTC) 3D printer technologies and customized bio-inks. This combination enables the production of a diverse array of species-specific cultivated fish and meat products and plant-based alternatives. By utilizing advanced technology, Steakholder Foods aims to overcome the limitations of traditional food production, ensuring consistent, nutritious, and safe products that closely mimic the taste, texture, and appearance of conventional meat and fish products.

One of the most significant benefits of this collaboration is its potential contribution to food security in the GCC territories. Food security has become an increasingly critical global issue, and using sustainable and efficient technologies like 3D printing could play a crucial role in meeting future demands for nutritious food. By producing food locally and in a controlled environment, the region can reduce its reliance on imports and traditional farming, ensuring a more resilient and self-sufficient food supply.

Arik Kaufman, the CEO of Steakholder Foods, expressed his excitement about the agreement, emphasizing that it represents one of the first substantial income agreements for a company in the cultivated meat industry. This development signifies a significant milestone for Steakholder Foods, as it not only secures its financial growth but also reinforces its commitment to addressing food security challenges and positively impacting a global scale.

The strategic partnership with the GCC-based governmental body is pivotal in Steakholder Foods’ journey toward commercializing its 3D printing capabilities. The company’s Vice President of Business Development, Yair Ayalon, affirmed that this partnership is just the beginning. Steakholder Foods remains dedicated to pursuing additional collaborations with strategic partners in the food-tech industry to continue delivering innovative solutions.

Steakholder Foods Ltd., founded in 2019, is an international deep-tech food company based in Rehovot, Israel. At the forefront of the cultured meat revolution, Steakholder Foods is committed to developing slaughter-free solutions for producing cellular agriculture meat products, including beef and seafood.

The company’s vision revolves around offering manufacturers the ability to create cultivated meat products that closely mimic traditional meat’s taste, texture, and appearance, thereby serving as an ethical and sustainable alternative to industrialized farming and fishing. Moreover, as a member of the UN Global Compact, Steakholder Foods actively supports issues encompassed in the United Nations Sustainable Development Goals (SDGs), such as enhancing food security, reducing carbon footprint, and conserving water and land resources.

Steakholder Foods’ strategic cooperation with an accredited GCC-based governmental body marks a momentous step forward for the cultivated meat industry and food-tech sector at large. By harnessing the potential of 3D printing technology, the partners aim to foster food security, sustainability, and innovation in the Persian Gulf region. As Steakholder Foods continues to push the boundaries of cultivated meat production, its commitment to addressing global challenges reinforces its position as a pioneering force in the evolving landscape of food technology.

Image provided by Steakholder Foods

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