REHOVOT, Israel, March 21, 2022 /PRNewswire/ -- MeaTech 3D
Ltd. (Nasdaq: MITC) ("MeaTech") today announced that its
Belgian subsidiary, Peace of Meat B.V., will build a 21,530 sq. ft.
pilot plant in Belgium, with
construction expected to commence in 2022. The new facility will
expand and accelerate MeaTech's cultured avian technology and
R&D capabilities and help propel the company's market
entry.
This is another step forward in executing MeaTech's go-to-market
strategy. Recently, Peace of Meat cultivated just over 700 grams of
pure chicken fat biomass in a single production run. The company
believes that producing this quantity of pure cultured material in
one run was a breakthrough toward potentially manufacturing
cultivated chicken fat at an industrial scale.
Arik Kaufman, MeaTech's chief
executive officer:
"Peace of Meat's new pilot facility will expediate our entry into
the market for plant-based meat alternatives and cultured products.
We believe that cultured animal fat can infuse alternative meat
products with the signature flavors, aromas and textures of
conventionally farmed meat. The result is expected to deliver an
enhanced consumer experience."
About MeaTech 3D
MeaTech 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
"MITC". MeaTech maintains facilities in Rehovot, Israel and Antwerp,
Belgium and is in the process of expanding activities to
California, USA. The company
believes cultivated meat technologies hold significant potential to
improve meat production, simplify the meat supply chain, and offer
consumers a range of new product offerings.
MeaTech aims to provide an alternative to industrialized animal
farming that dramatically reduces carbon footprint, minimizes water
and land usage, and prevents the slaughtering of animals. By
adopting a modular factory design, MeaTech will be able to offer a
sustainable solution for producing a variety of beef, chicken and
pork products, both as raw materials and whole cuts. The company
will also provide meat manufacturers and retail businesses with
production equipment.
For more information, please visit:
https://meatech3d.com
Forward-Looking Statements
This press release contains forward-looking statements
concerning MeaTech's business, operations and financial performance
and condition as well as plans, objectives, and expectations for
MeaTech's 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 MeaTech's 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 MeaTech's 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, MeaTech's expectations regarding the success of its
cultured meat manufacturing technologies it is developing, which
will require significant additional work before MeaTech can
potentially launch commercial sales; MeaTech's research and
development activities associated with technologies for cultured
meat manufacturing, including three-dimensional meat production,
which involves a lengthy and complex process; MeaTech's 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 MeaTech's Annual Report on Form 20-F
for the fiscal year ended December 31,
2020, filed with the Securities and Exchange Commission on
April 21, 2021. New risks and
uncertainties may emerge from time to time, and it is not possible
for MeaTech to predict their occurrence or how they will affect
MeaTech. If one or more of the factors affecting MeaTech's
forward-looking information and statements proves incorrect, then
MeaTech's 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, MeaTech cautions you not to place undue reliance on its
forward-looking information and statements. MeaTech 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.
MeaTech Press
Contact:
|
MeaTech Investor
Contacts:
|
Maissa
Dauriac
Rainier Communications
mdauriac@rainierco.com
|
Joseph
Green
Edison Group
jgreen@edisongroup.com
|
Ehud Helft
Edison Israel
ehelft@edisongroup.com
|
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SOURCE MeaTech 3D Ltd.