REHOVOT, Israel, April 30, 2024 /PRNewswire/ -- Steakholder Foods Ltd. (NASDAQ:STKH), a leading innovator in 3D-printed meat and fish technology and cultivated cell innovation, is pleased to provide an annual business update for the year ended December 31, 2023 and subsequent events. Demonstrating significant strides in both technological advancements and market presence, Steakholder Foods continues to solidify its position as a leader in the future of alternative meat and fish production. Steakholder Foods' CEO, Arik Kaufman, said: "As we reflect on the accomplishments of this year, I'm incredibly proud of our team's dedication and the milestones we've achieved together. From forging strategic partnerships to securing substantial funding and making groundbreaking advancements in technology and intellectual property, 2023 has been a year of immense progress for Steakholder Foods. I'm excited about the future possibilities and confident in our continued success as we lead the way in the alternative meat and fish production." 2023 and Up to Date Business Highlights Throughout 2023, Steakholder Foods achieved significant milestones and business highlights that underscore its leadership in the alternative protein industry. Steakholder Foods unveiled its 3D printing business model to offer its 3D commercial scale meat and fish printers and to supply the SHMeat and SHFish plant-based premixes, making a huge step forward commercialization readiness. The company also announced the optimization of funds and closure of its Belgian subsidiary, showcasing strategic financial management and streamlining of operations. Steakholder Foods signed a strategic agreement with a GCC governmental body, marking a significant milestone in international partnerships and expansion efforts. In early 2024, Steakholder Foods signed an MoU with Wyler Farm, Israel largest tofu producer and one of its leading alternative protein producers. As part of the MoU, Steakholder Foods aims to sell and install a commercial-scale 3D meat printer between Q4-24 and Q1-25 with production capacity of up to 500 kg per hour of plant-based beef steaks. This is the first private-sector deal for Steakholder Foods and is expected to be valued at several million dollars over the coming years. The Prime Minister of Israel visited Steakholder Foods to experience its cutting-edge 3D printing technology, highlighting the company's recognition at the highest levels of government and its technological leadership. In 2023 and 2024, the company received confirmation from a highly-regarded consultant regarding the use of the ingredients of the SHMeat and SHFish blends in the United States and the United Arab Emirates. In 2023, Steakholder Foods received approval of a $1M grant from the SIIRD (Singapore-Israel Industrial R&D Foundation), reflecting a vote of confidence from both the Israel Innovation ...