Steakholder Foods Ltd a leading innovator in alternative protein production and 3D printing technologies, has announced the signing of six Letters of Intent (LOIs) with international companies marking another commercial achievement for the Company in its transition to revenue generation. These agreements, which are a result of the outstanding response the company received at the recent Plant-Based World Expo event in London, UK, reflect the strong market demand and commercial viability for Steakholder’s cutting-edge 3D printing systems and proprietary plant-based premixes for alternative proteins.
The company was honored to receive three prestigious awards at the Plant-Based World Expo, the largest plant-based exposition in Europe, highlighting the excellence of its plant-based offerings. Steakholder Foods won the Gold Award for its Salmon Patty, the Silver Award for its Fish Kebab, and the Bronze Award for its Beef Alternative, further establishing its reputation as a leader in innovation within the alternative protein industry. Moreover, the Company was pleased to see the unprecedented excitement from industry players who packed its booth at the Expo, where the Company presented over 2000 tasting dishes.
“The LOIs represent a significant advancement in accelerating the commercialization journey. Securing further commitments from international players not only further validates the appeal of our technology and products, but also supports the growth of our revenue streams. With these agreements, we working to position Steakholder Foods for meaningful revenue growth in the coming years. As we expand globally, we remain dedicated to advancing sustainable, cruelty-free food solutions at scale while creating long-term value for our shareholders. We are committed to delivering commercial value to the industry and are greatly encouraged by the overwhelmingly positive market response we’ve seen recently.”
Arik Kaufman, CEO, Steakholder Foods
The six Letters of Intent span various international markets and showcase Steakholder Foods’ increasing footprint in the alternative protein sector. Each agreement involves the anticipated sale of the company’s advanced 3D printing systems and/or proprietary premix blends, a combination that enables partners to produce high-quality, scalable plant-based foods.