REHOVOT, Israel, March 29, 2022
/PRNewswire/ -- MeaTech 3D (Nasdaq: MITC), an international
deep-tech company at the forefront of the cultured meat revolution,
today announced a first-of-its-kind tasting event with its Israeli
anchor investors, including prominent food industry investors Rami
Levy Group, the Pozilov family, and Eli
Nidam. Other attendees included Stella Weinstein, Secretary General of Yamina
(the party leading Israel's governing coalition), an ardent
supporter of the Israeli food-tech industry, and representatives
from the Manufacturers' Association of Food Industries in
Israel.
The event took place at MeaTech's new offices, located in the
Rehovot Science Park, the hub of Israeli food tech. Guests toured
the labs and R&D facilities, observed the company's 3D printing
capabilities, and tasted hybrid chicken nuggets made with plant
protein and cultured chicken fat biomass developed by MeaTech's
wholly owned Belgium-based
subsidiary.
Arik Kaufman, CEO of MeaTech,
said: "We believe that plant-based hybrid products
combined with cultured fat represents the next generation in meat
substitutes. The use of cultured fat offers a meatier taste and
mouth feel that is closer to conventional meat products. As part of
MeaTech's market entry strategy, we are moving ahead with the
establishment of a new pilot plant and R&D facility in
Belgium that will advance our
R&D and technology capabilities in the production of cultured
chicken fat biomass and help accelerate the entry of our products
into global markets."
Yaron Kaiser, Chairman of the
Board of MeaTech, said: "We are happy to host this first of
many tasting events at our new headquarters where we can share our
unique development capabilities. This event is aimed at
offering our investors a taste of our strategic approach as we
become a market leader in the cultured meat revolution."
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,
2021, filed with the Securities and Exchange Commission on
March 24, 2022. 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:
Maissa Dauriac
Rainier Communications
mdauriac@rainierco.com
MeaTech Investor Contacts:
Joseph Green
Edison Group
jgreen@edisongroup.com
Ehud Helft
Edison Israel
ehelft@edisongroup.com
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SOURCE MeaTech 3D Ltd.