Revolutionizing Seafood Production: Steakholder Foods' 3D
Printed Eel - A Game-Changer for Fish and Seafood
Producers
REHOVOT, Israel, Dec. 27,
2023 /PRNewswire/ -- Steakholder Foods, a pioneer in
the 3D meat and fish printing technology and cultivated cell
innovation, proudly announces the launch of the world's first
plant-based, 3D-printed eel. This breakthrough highlights
Steakholder Foods' remarkable capability to accurately replicate
the complex texture of eel, achieved through precision layering and
a unique combination of materials in Steakholder Foods' proprietary
3D printing technology. The Company's eel is currently based on
plant materials, and is expected to include cultivated eel cells in
the future, as economies of scale allow price-competitive cell
development.
Steakholder Foods' unique printing process enables it to
significantly reduce the amount of ingredients used in its 3D
printed product relative to typical plant-based alternatives,
potentially positioning Steakholder Foods' plant-based, 3D-printed
eel at the forefront of the industry.
Steakholder Foods is exploring collaborations to commercialize
its plant-based, printed eel by offering them proprietary 3D
printers and ink, capable of generating revenues in the short term.
Based on Steakholder Foods' current technology capabilities, it
estimates that its partners and customers will be able to
mass-produce 3D-printed eel at a competitive price range, enabling
them to tackle the cost challenges linked to the current global
prices of eel.
The global eel market, valued at USD 4.3
billion in 2022 and growing at a CAGR of 2.19%, primarily
relies on wild eel. This industry faces several critical
challenges, including overexploitation and the risk of extinction,
particularly in Japan which
accounts for a major portion of global eel consumption. Breeding
difficulties in farms due to the complex life cycle of eels,
regulatory challenges, and issues like poaching and black-market
trading further exacerbate the situation, highlighting the need for
sustainable alternatives.
Arik Kaufman, CEO of
Steakholder Foods says: The launch of our printed eel marks a
pivotal moment in the seafood industry, showcasing the vast
potential of our DropJet technology – Steakholder Foods' solution
for fish and seafood printing. This technology is designed to
enable partners to generate products on a potential industrial
scale of hundreds of tons monthly, not only at lower costs compared
to wild eel, but also with the flexibility to create a variety of
printed products using the same production line. Such versatility
could significantly boost profitability for food companies and lead
the way to a shift towards more efficient and sustainable practices
in the industry. This product exemplifies the broader possibilities
our technology offers our partners.
About Steakholder Foods
Steakholder Foods Ltd. is an international deep-tech food
company at the forefront of the 3D printing meat and cultured meat
revolution. 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 plant based printed products and
slaughter-free solution for producing cellular agriculture meat
products, such as beef and seafood, by offering manufacturers the
ability to produce meat products 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.