Steakholder Foods Ltd., an international deep-tech enterprise that has been engaged in cellular fish and meat production since 2019, has entered into a memorandum of agreement (MOA) with an unnamed GCC-based governmental body that will become the Rehovot, Israel-based company’s strategic partner in advancing food security efforts through the application of 3D printing technology.
Beginning with construction of a pilot plant to produce printed hybrid-fish products, the multi-million dollar investment aims to eventually see a large-scale production facility in the Persian Gulf region come to fruition. The arrangement foresees a material initial down payment to Steakholder Foods for the procurement of its 3D printer technologies, followed by a sales and procurement plan for industrial-scale output.
The MOA and collaboration is intended to contribute to the scalability of Steakholder’s 3D ready-to-cook printer technologies and provision of customized bio-inks tailored to produce a wide range of species-specific cultivated fish and meat products, as well as vegetable-based items in the Gulf Cooperation Council territories of include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
“After intensive years of development, Steakholder Foods is excited to sign this first agreement with a strategic partner, generating our first income stream that represents one of the first substantial income agreements for a company in the cultivated meat industry, said CEO Arik Kaufman. “We believe that we have chosen the right partner, and together, we are committed to advancing the cause of food security and creating a positive impact on the world.”
Yair Ayalon, the company’s vice president of business development, added: “This strategic partnership marks a pivotal moment in our journey to commercialize our 3D printing capabilities. Looking ahead, we remain committed to pursuing additional strategic partnerships to enable us to deliver innovative solutions for the food tech industry.”
