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MeaTech Long

by SignalFactory   ·  May 18, 2021 | 08:40:56 UTC  

MeaTech Long

by SignalFactory   ·  May 18, 2021 | 08:40:56 UTC  

MeaTech 3D Ltd. (Nasdaq: MITC) (TASE: MITC), a technology company developing a suite of advanced manufacturing technologies to produce cultured meat products, today announced its intention to establish, own, and operate a pilot plant to commence scaled-up cultured chicken fat production in 2022.

This plan is consistent with MeaTech’s vision of developing sustainable premium cultured foods. The cultured fat production process will be designed to deploy technologies developed by Belgian subsidiary Peace of Meat, which was acquired by MeaTech earlier in 2021. MeaTech’s goal is to produce cultured chicken fat for use in potential industry collaborations.

As observed in laboratory work and public taste tests, cultured chicken fat has the potential to significantly enhance the flavor, mouthfeel, and texture of plant-based alternative meat products whilst reducing the total number of ingredients. The resulting hybrid food products, composed of plant and cultured meat ingredients, have the potential to offer a meatier product to consumers as compared to purely plant-based meat alternatives. MeaTech is engaging in food technology development activities designed to further enhance these cultured chicken ingredients and products.

MeaTech intends to use the pilot facility to showcase the Company’s capabilities to potential customers. MeaTech’s business model involves licensing the intellectual property surrounding its cultured chicken fat technologies, including cell lines, bioprocesses, and downstream technologies to B2B customers that want cellular agriculture manufacturing capabilities.

Manufacturing cultured chicken fat at scale would represent a key MeaTech milestone. By leveraging its cultured chicken fat technologies, MeaTech aims to expedite its market entry while it develops, in tandem, an industrial process for cultivating and producing real meat cuts, such as steak or chicken breast, using 3D bioprinting technology.

Ultimately, MeaTech plans to incorporate its 3D bioprinting technologies in the pilot plant, to manufacture real meat cuts from cellular agriculture.

About MeaTech 3D:

MeaTech 3D is an international company at the forefront of the cultured meat revolution, listed on the Nasdaq and Tel Aviv stock exchanges as MITC. The company-initiated activities in 2019 and is headquartered in Ness Ziona, Israel, with a subsidiary in Antwerp, Belgium.

MeaTech is developing a suite of advanced manufacturing technologies to produce alternative protein products. These technologies are focused on producing cell-based beef and chicken, and enhancing plant-based foods with real meat, with a particular focus on the development of high-throughput bioprinting systems to produce premium, center-of-plate meat products, such as steak.

MeaTech aims to develop the technology to produce end-products, as well as licensing its technologies to customers along with the meat and alternative protein supply chain, such as value-added food processors and premier food brands.

The company believes cultured meat technologies hold significant potential to improve meat production, simplify the meat supply chain, and offer consumers a range of new product offerings.

About Peace of Meat:

Peace of Meat, a wholly owned subsidiary of MeaTech Europe, was established in Belgium in 2019 and is developing cultured chicken fat directly from animal cells without the need to grow or kill animals. The company believes its innovative technology has the potential to support an industrial process to produce cultured chicken fat. Peace of Meat has entered several scientific and commercial collaborations, is positioning itself as a future B2B provider with the potential to cover the entire value chain and to accelerate research and production processes in the industry and has conducted taste tests for hybrid products it has developed.

MeaTech Long (Buy)

ENTER AT: 7.63

T.P_1: 7.83

T.P_2: 8.01

T.P_3: 8.18

T.P_4: 8.57

T.P_5: 9.02

S.L: 7.26

MeaTech 3D Ltd
MeaTech 3D Ltd
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