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14th February 2024  Content supplied by: Steakholder Foods

First Private Sector Commercialization Deal for Steakholder Foods Valued at Several Million Dollars

Steakholder Foods Ltd has announced its inaugural commercial MOU in the private sector with Wyler Farms, among Israel's leading alternative protein producer and premier Tofu producer. The terms of the deal involve Wyler Farms acquiring Stakeholder Foods' state-of-the-art 3D Fusion Pro™ meat printer, along with a subscription to the company's SH Software™ and its NutriBlend™ ink for plant-based meat production.

To the best of the company's knowledge, this marks an industry-first incorporation of industrial-scale 3D printing technology into the food industry.

The MOU includes expected production of a unique, plant-based 3D printed meat steak to be printed by Wyler Farms using Steakholder Foods proprietary printers and NutriBlend™ ink. The collaboration, valued at several million US dollars over the coming years, represents a truly significant development in the plant-based meat industry (see future-looking statement below).

With both companies committed to driving this collaboration forward, the installation of the Fusion Pro™ 3D printer is anticipated to be completed between Q4 of 2024 and Q1 of 2025.

The Fusion Pro's™ modular design, capable of producing up to 500 kg of highly advanced texturized printed products per hour, highlights the companies' shared dedication to innovation and sustainable production practices. This partnership enhances Wyler Farms' production capabilities and represents a crucial step in the evolution of plant-based meat technology.

This milestone strengthens Steakholder Foods' efforts to reach commercialization, solidifying its role as a leading proprietary 3D printing supplier to the plant-based and cultivated food industry.

Arik Kaufman, CEO of Steakholder Foods, said: "As a genuine revolution in the food production landscape, this collaboration with a leading player in its field as Wyler Farm marks an inflection-point milestone for Steakholder Foods. By incorporating our Fusion Pro technology into Wyler Farms' industrial operations alongside their subscription to our proprietary software and ink supply, we're not just showcasing our technology's potential – we're setting a new standard for the industry. This deal marks a testament to our vision of transforming food production through innovative technology and it brings Steakholder Foods closer than ever to a point it will begin to generate income."

Yair Ayalon, Vice President of Business Development of Steakholder Foods, said: "This collaboration with Wyler Farm, one of the leading alternative protein producers, solidifies and enhances Steakholder Foods' commercial phase. As we expand our operations, we are set to forge more strategic partnerships like this in 2024, further cementing our position in the market."

Oleg Kulyava, CEO of Wyler Farm, said: "The partnership with Steakholder Foods marks a significant milestone for Wyler Farms, enabling us to position our products at the forefront of the plant-based meat market. We are thrilled to expand our portfolio with premium plant-based steak and anticipate introducing additional premium products based on Steakholder Foods' technology. By integrating innovative 3D printing technology, this collaboration has the potential to be a game-changer in the industry, demonstrating our commitment to pioneering sustainable, nutritional, and disruptive food solutions."

About NutriBlend™ ink

NutriBlend™ ink is a customized formulated blend of premium, plant-based ingredients designed for use in Steakholder Foods' 3D printers. These innovative materials serve as the "ink" for our printers, providing a nutritious and flavorful foundation to create a variety of plant-based products. NutriBlend™ is carefully curated to deliver a harmonious combination of taste, texture, and nutritional benefits, ensuring that the resulting plant-based products meet the highest standards of quality and palatability. With a focus on both culinary excellence and health-conscious choices, NutriBlend™ embodies the commitment to producing delicious and wholesome plant-based alternatives through cutting-edge 3D printing technology.

Learn More or contact Steakholder Foods using the Request Information button below.



Date Published: 14th February 2024

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