Steakholder Foods Ltd. (Nasdaq: STKH), a leading innovator in alternative proteins and 3D printing technologies, is pleased to announce the signing of a Memorandum of Understanding (MoU) with Vegefarm Co. Ltd., a prominent Taiwanese food company, for the sale of its MX200 3D printer and accompanying raw materials. This deal marks a major step in Steakholder Foods’ expansion into the Asian market, aligning with the growing demand for innovative plant-based products.
Under the MoU, Steakholder Foods would provide Vegefarm with the MX200 printer, powered by its advanced Fused Paste Layering (FPL™) technology, and plant-based premixes designed to create high-quality meat alternatives. The Industrial Technology Research Institute (ITRI), a leading Taiwanese research institute, will support the adaptation of Steakholder Foods’ product for the Taiwanese market while Vegefarm will take on the role of commercialization, managing the production and distribution of these products, utilizing its established market presence to drive adoption and sales.
Arik Kaufman, CEO of Steakholder Foods, said: “We are excited to enter this commercial phase with Vegefarm and to have the support of ITRI in adapting our innovative technology for Taiwan. This deal is a testament to our commitment to providing scalable, high-quality plant-based solutions globally, and we look forward to seeing these products thrive in the Asian market through Vegefarm’s distribution channels.”
