Steakholder Meals Ltd. (Nasdaq: STKH), a global deep-tech meals firm on the forefront of the cultivated meat business, has entered right into a Memorandum of Settlement for Strategic Cooperation (MOA) with an accredited GCC-based governmental physique as Steakholder Meals’ strategic companion, to advance meals safety efforts via the appliance of Steakholder Meals’ groundbreaking 3D printing expertise.
Commencing with an funding by the strategic companion within the development of a pilot plant to supply printed hybrid-fish merchandise, the MOA ultimately goals to create a first-of-its-kind large-scale manufacturing facility within the Persian Gulf area. The settlement foresees a fabric preliminary down fee to Steakholder Meals for the procurement of its 3D printer applied sciences, adopted by a milestone-based gross sales and procurement plan for industrial-scale output.
Arik Kaufman, CEO of Steakholder Meals: “After intensive years of improvement, Steakholder Meals is worked up to signal this primary settlement with a strategic companion, producing our first revenue stream that represents one of many first substantial revenue agreements for a corporation within the cultivated meat business, an enormous step ahead. We consider that we now have chosen the proper companion, and collectively, we’re dedicated to advancing the reason for meals safety and making a constructive affect on the world.”
The MOA is meant to contribute to the scalability of the corporate’s 3D printed meals expertise in territories within the Gulf Cooperation Council (“GCC”), which represents the financial union between Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
The collaboration between the companions will leverage Steakholder Meals’ experience in offering mature Prepared-to-Prepare dinner (RTC) 3D printer applied sciences and customised bio-inks, tailor-made to supply a variety of species-specific cultivated fish and meat merchandise, in addition to vegetable-based merchandise. The companions additionally search to make the most of this superior expertise to beat the constraints of conventional fish and meat manufacturing, making certain constant, nutritious, and protected meals merchandise that intently mimic the style, texture, and look of typical meat, fish and vegetable-based merchandise. The collaborative efforts outlined within the MOA signify a shared imaginative and prescient and dedication to meals safety, in a future the place entry to nutritious and sustainable meals is inside attain for all.
Yair Ayalon, VP of Enterprise Improvement at Steakholder Meals: “This strategic partnership marks a pivotal second in our journey to commercialize our 3D printing capabilities. Wanting forward, we stay dedicated to pursuing further strategic partnerships to allow us to ship modern options for the foodtech business.”
