REHOVOT, Israel, Nov. 29,
2023 /PRNewswire/ -- Steakholder Foods Ltd.
(Nasdaq: STKH), an international deep-tech food company at the
forefront of the cultivated meat industry, announces that it is
embarking on a comprehensive Life-Cycle Assessment (LCA) process
and scenario analysis, with the backing of the government-funded
Israel Resource Efficiency Center. The LCA, which is directly
aligned with the Company's strategic objective of advancing its 3D
printing technology towards commercialization, is being subsidized
as part of a government plan to assist manufacturing plants in both
cost savings and sustainability efforts.
As a company committed to innovation and sustainability,
Steakholder Foods consistently seeks opportunities to enhance its
processes. The LCA process is designed to result in a comprehensive
plan aimed at streamlining operations, increasing productivity, and
optimizing production processes. The analysis is expected to
support the development of a strategic roadmap that will help guide
decisions to be taken by the Company's management while refining
and bolstering the Company's sustainability strategy, helping to
align the Company with regulatory standards and support for global
sustainable development goals.
Avraham Hampel, VP Corporate
Development, stated, "The LCA is the first step in Steakholder
Foods' two-pronged approach to sustainability and ESG
considerations, aiming for compliance in an evolving regulatory
landscape, while improving process efficiency at all stages of
production of our novel 3D bioprinting products."
About Steakholder Foods
Steakholder Foods Ltd., is an international deep-tech food
company at the forefront of the 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 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.
Logo:
https://mma.prnewswire.com/media/1871733/Steakholder_Foods_Ltd_logo.jpg
Press contact:
Maissa Dauriac
Rainier Communications
mdauriac@rainierco.com
Investor contact:
Steakholder Foods
investors@steakholderfoods.com
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SOURCE Steakholder Foods Ltd.