Unlocking Affordable Cell Production for a Sustainable Future

Steakholder Foods Ltd. (Nasdaq: STKH), a leading international deep-tech food company, announces that the Company’s biology team successfully reduced the cost of its in-house growth media for bovine cell cultivation in suspension by just over 75 percent from prices just two years ago.

The high cost of growth media has been a significant challenge across the industry, hindering scalability and affordability. Steakholder Foods is on a mission to address this industry-wide concern by optimizing growth methodologies and creating scalable solutions, paving the way for industrial-scale cell production while substantially lowering the total production costs of cultivated beef.

The increased affordability of growth media is especially significant as it is widely believed that technological challenges to the commercialization of cultivated meat will be overcome long before the economic challenges are met, and cultivated meat becomes affordable to the consumer. Every cost reduction in materials can be another step towards putting cultivated meat on people’s tables one day soon.

While reducing costs is essential, maintaining the highest yield and product quality is equally crucial, which is why Steakholder Foods’ dedicated research and development efforts over the years have focused not only on cost reduction but also on optimizing growth media in suspension to ensure that yields remain consistently high. Steakholder Foods’ R&D team’s achieves this by testing replacements for individual growth media components to optimize the formulation for beef cells without compromising the quality and quantity of the cells.

Dan Kozlovski, CTO at Steakholder Foods: “Our ability to achieve a significant cost reduction in growth media is a testament to the dedication and innovation of our biology team. It propels us toward our goal of making cultivated meat a viable, sustainable, and cost-effective solution for the future.”

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.”

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