Cultured Meat Company MeaTech 3D Becomes Steakholder™ Foods
The new name reflects the company’s commitment to cultivating a new community of meat lovers who will participate in the company’s mission to make high-quality real meat sustainably
REHOVOT, Israel, Aug. 3, 2022 /PRNewswire/ — MeaTech 3D Ltd. (Nasdaq: MITC), an international deep-tech food company at the forefront of the cultured meat industry, has become Steakholder™ Foods Ltd. (Nasdaq: STKH).
Beginning in 2019, the company set out to develop the technology and scientific processes to produce whole cuts of meat sustainably using animal cell cultivation and 3D bioprinting. Steakholder Foods’ initial activities have been primarily focused around developing the “holy grail” of meat ― steak. This has enabled the company to assemble a unique mix of the best engineers and cellular biologists in the field who were motivated by the opportunity to tackle the most complex challenge in this burgeoning industry.
Soon after the company’s founding, Steakholder Foods became the first Nasdaq-listed cultured meat company. As a public company, Steakholder Foods is creating an opportunity for people to become “steakholders” in a movement aimed at transforming how meat is sourced and supplied. The company believes that cultured meat production can have a significant positive impact on the future of the planet, the welfare of animals, and the security of nutritious meat for billions of people.