Ophectra Immobilier and investments: MeaTech Group manufactures more than half a kilogram of cultivated fat biomass in a single production cycle

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NESS IF WE HAVE, Israel, September 14, 2021 / PRNewswire / – MeaTech 3D Ltd. (Nasdaq: MITC), a technology company developing a suite of advanced manufacturing technologies for cultured meat production, today announced that its Belgian subsidiary, Peace of Meat, has grown just over 700 grams of chicken fat pure biomass in a single production cycle.

This achievement is believed to be the first public demonstration of single-pass growth of this amount of 100% pure cultured cellular biomass, grown entirely outside of an animal.

While many consumers currently appreciate 100% plant-based meat substitutes, many find that it does not mimic the “meat” of conventional meat. MeaTech believes that real cultured animal fats can potentially deliver the characteristic flavors, aromas and textures currently derived from conventionally farmed meat, thus providing an enhanced consumption experience when combined with plant-based ingredients. This new category of products is called hybrid meat.

Sharon Fima, CEO and CTO, MeaTech, commented, “The production capacities that we have demonstrated today are a successful step in line with our strategy of developing a pilot plant for the production of cultivated fats, which we plan for 2022.”

David Brandès, CEO of Peace of Meat, commented: “Producing this amount of pure growing material in a single pass is a breakthrough towards the potential manufacture of cultured chicken fat on an industrial scale and at cost parity. The product, pending novel food approval, is designed to resemble conventional chicken fat. Our short-term goal is that this type of cultured chicken cells can be commercialized by MeaTech through strategic hybrid product development collaborations. Today’s preliminary production success brings us one step closer to our long-term goal of changing human diets towards more sustainable, yet equally tasty food choices. “

About MeaTech

MeaTech 3D is an international company at the forefront of the cultured meat revolution, listed on the Nasdaq Capital Market under the ticker “MITC”. The company launched its activities in 2019 and is headquartered in Ness Ziona, Israel, with a subsidiary at Antwerp, Belgium. The company believes that cultured meat technologies have significant potential to improve meat production, simplify the meat supply chain and provide consumers with a range of new product offerings.

MeaTech is particularly focused on the development of high-end meat products at the center of the plate, such as structured marbled steaks. This includes the development of high throughput bioprinting systems. To achieve this goal, the company is developing a suite of advanced manufacturing technologies to produce alternative cell-based protein products. This includes the development of cell lines for beef, pork and chicken.

For more information, please visit https://meatech3d.com/.

Forward-looking statements

This press release contains forward-looking statements regarding the business, operations and financial performance and condition of MeaTech as well as plans, objectives and expectations for the business operations and financial performance and condition of MeaTech. All statements that are not historical facts can be considered as 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 results. , MeaTech’s actual performance or achievements significantly different. any future results, performances or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, without limitation, any statement which may predict, predict, indicate or imply future results, performance or achievements, and are generally identified by 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 for the success of its cultured meat manufacturing technologies that it develops, which will require significant additional work before MeaTech can potentially launch commercial sales; of MeaTech’s research and development associated with cultured meat manufacturing technologies, including the production of three-dimensional meat, which involves a long and complex process; MeaTech’s ability to obtain and enforce its proprietary rights intellectual property 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 year ended December 31, 2020, filed with the Securities and Exchange Commission on April 21, 2021. New risks and uncertainties may emerge from time to time, and it is not possible for MeaTech to predict their appearance or how they will affect MeaTech. If one or more of the factors affecting MeaTech’s forward-looking information and statements prove to be inaccurate, then MeaTech’s actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking information and statements contained in this press release. hurry. Therefore, MeaTech cautions you not to place undue reliance on its forward-looking information and statements. MeaTech disclaims any obligation to revise or update forward-looking statements, whether written or oral, to reflect actual results or changes in factors affecting forward-looking statements, except as specifically required by law.

MeaTech press contact:

MeaTech investor contacts:

Alain ryan
Rainier Communications
[email protected]

Joseph Green
Edison Group
[email protected]

Ehud Helft
Edison Israel
[email protected]

Cision

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SOURCE MeaTech 3D Ltd.


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