Plant-based whitefish and steak expected to be among the
Company's first offerings, ahead of hybrid and fully-cultivated
products
REHOVOT, Israel, Jan. 3, 2024
/PRNewswire/ -- Steakholder Foods Ltd. (Nasdaq: STKH), a
pioneer in three-dimensional meat and fish printing technology and
cultivated cell innovation, announced today that it has received a
feasibility report from the Mérieux NutriSciences group with regard
to its proprietary, plant-based, 3D-printed whitefish and steak,
concluding that the products' raw materials are permitted for use
in plant-based substitutes or Generally Recognized as Safe (GRAS),
and hence should be considered to be safe for use in the
United Arab Emirates, a pioneer in
the field of food security where Steakholder Foods intends to
construct a large-scale production facility.
In addition to the status of the Company's ingredients, the
report found that as the 3D-printing process does not change the
structure or composition of the materials used, the resulting
product is unlikely to be classed as a novel food (a food not
historically consumed by humans, such as food developed by
innovative technologies) but should rather be subject to a
conventional approval process.
Arik Kaufman, Steakholder Foods'
CEO, stated, "While our cultivated and hybrid offerings are
expected to be classified as novel foods, we expect that our
initial plant-based, 3D-printed products will obtain regulatory
approval on a more conventional and expedited basis. We plan to
engage with UAE regulatory authorities for approval in conjunction
with our planned first-of-its-kind large-scale production facility
in the Persian Gulf region, with a view to commercializing our
first products while expanding regulatory approval and
commercialization across the globe."
In parallel to commencing work on the Gulf production facility,
Steakholder Foods is working on executing revenue-general
commercialization agreements in additional regions in 2024.
About Steakholder Foods
Steakholder Foods Ltd. is a pioneer in three-dimensional meat
and fish printing technology and cultivated cell innovation. 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' 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:
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Investor
Contacts:
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Maissa
Dauriac
Rainier Communications mdauriac@rainierco.com
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Steakholder Foods
Investors@steakholderfoods.com
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SOURCE Steakholder Foods Ltd.