Steakholder Foods Ltd. (Nasdaq: STKH) (the “Company”), a leading innovator in alternative proteins production and 3D printing production technologies, today announced that it has received an initial purchase order, since it was incorporated, from Bondor Foods Ltd. under the commercial agreement signed earlier this month. The order represents a significant milestone for Steakholder Foods as it marks the Company’s first revenue for its proprietary alternative protein premixes in 2024.

The purchase order follows the recently announced commercial agreement between Steakholder Foods and Bondor Foods, a renowned frozen foods manufacturer and institutional market distributor. Under the terms of the agreement, Steakholder Foods will supply its proprietary alternative protein premixes for use in Bondor Foods’ new line of white fish and salmon patties. This order solidifies the successful launch of Steakholder Foods’ commercialization efforts, with the first income in 2024.

Arik Kaufman, CEO of Steakholder Foods, said:

“We are extremely excited to announce this first purchase order from Bondor Foods, which represents a major milestone for our company. As forecasted, we have secured the company’s first income in 2024. This not only validates the commercial viability of our innovative products but also initiates our first revenue stream, as our products transition into full-scale production. We continue to expand our commercial endeavors, engaging with global manufacturers and distributors within the alternative protein food market, and look forward to solidifying this and our other planned revenue streams, such as three-dimensional printing machines.” 

About Steakholder Foods

Steakholder Foods is at the forefront of transforming the alternative protein industries through its advanced technology. Founded in 2019, Steakholder Foods specializes in developing and selling 3D-printing production machines supported by proprietary premix blends formulated from the highest-quality raw ingredients. These innovative tools are designed to help manufacturers of all sizes efficiently produce foods that meet and exceed consumer expectations for taste, texture, and appearance and offer a safe and sustainable alternative to industrialized meat and seafood production.

Steakholder Foods’ expertise in creating alternative protein products that replicate the complex textures of traditional meats such as beef steaks, white fish, shrimp, and eel. The company is also exploring the integration of cultivated cells, preparing for future advancements in food technology.

For more information, please visit: https://steakholderfoods.com.

About Bondor Foods

Bondor Foods Ltd. is a producer, marketer, and distributor of a wide range of ready-to-eat vegan and vegetarian products to the institutional market, including hotels, restaurants, and delicatessens.