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MeaTech’s Subsidiary to Open 21,530 Sq. Foot Pilot Plant in Belgium in 2023

REHOVOT, Israel, March 21, 2022 /PRNewswire/ — MeaTech 3D Ltd. (Nasdaq: MITC) (“MeaTech”) at the moment introduced that its Belgian subsidiary, Peace of Meat B.V., will construct a 21,530 sq. ft. pilot plant in Belgium, with building anticipated to start in 2022. The brand new facility will increase and speed up MeaTech’s cultured avian expertise and R&D capabilities and assist propel the corporate’s market entry.

That is one other step ahead in executing MeaTech’s go-to-market technique. Not too long ago, Peace of Meat cultivated simply over 700 grams of pure hen fats biomass in a single manufacturing run. The corporate believes that producing this amount of pure cultured materials in a single run was a breakthrough towards probably manufacturing cultivated hen fats at an industrial scale.

Arik Kaufman, MeaTech’s chief government officer: 
“Peace of Meat’s new pilot facility will expediate our entry into the marketplace for plant-based meat alternate options and cultured merchandise. We imagine that cultured animal fats can infuse different meat merchandise with the signature flavors, aromas and textures of conventionally farmed meat. The result’s anticipated to ship an enhanced client expertise.”

About MeaTech 3D 
MeaTech is a world deep-tech meals firm on the forefront of the classy meat revolution. The corporate initiated actions in 2019 and is listed on the Nasdaq Capital Market beneath the ticker “MITC”. MeaTech maintains amenities in Rehovot, Israel and Antwerp, Belgium and is within the technique of increasing actions to California, USA. The corporate believes cultivated meat applied sciences maintain vital potential to enhance meat manufacturing, simplify the meat provide chain, and provide shoppers a spread of recent product choices.  

MeaTech goals to offer an alternative choice to industrialized animal farming that dramatically reduces carbon footprint, minimizes water and land utilization, and prevents the slaughtering of animals. By adopting a modular manufacturing facility design, MeaTech will have the ability to provide a sustainable answer for producing a wide range of beef, hen and pork merchandise, each as uncooked supplies and entire cuts. The corporate may also present meat producers and retail companies with manufacturing tools.      

For extra data, please go to: https://meatech3d.com 

Ahead-Trying Statements 
This press launch accommodates forward-looking statements regarding MeaTech’s enterprise, operations and monetary efficiency and situation in addition to plans, aims, and expectations for MeaTech’s enterprise operations and monetary efficiency and situation. Any statements that aren’t historic details could also be deemed to be forward-looking statements. Ahead-looking statements mirror MeaTech’s present views with respect to future occasions and are based mostly on assumptions and topic to recognized and unknown dangers and uncertainties, which change over time, and different components which will trigger MeaTech’s precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Ahead-looking statements embrace, with out limitation, any assertion which will predict, forecast, point out or suggest future outcomes, efficiency or achievements, and are usually recognized with phrases akin to “could,” “may,” “ought to,” “will,” “would,” “imagine,” “anticipate,” “estimate,” “count on,” “purpose,” “intend,” “plan” or phrases or phases of comparable that means and embrace, with out limitation, MeaTech’s expectations relating to the success of its cultured meat manufacturing applied sciences it’s creating, which would require vital extra work earlier than MeaTech can probably launch business gross sales; MeaTech’s analysis and growth actions related to applied sciences for classy meat manufacturing, together with three-dimensional meat manufacturing, which entails a prolonged and complicated course of; MeaTech’s skill to acquire and implement its mental property rights and to function its enterprise with out infringing, misappropriating, or in any other case violating the mental property rights and proprietary expertise of third events; and different dangers and uncertainties, together with these recognized in MeaTech’s Annual Report on Type 20-F for the fiscal 12 months ended December 31, 2020, filed with the Securities and Alternate Fee on April 21, 2021. New dangers and uncertainties could emerge infrequently, and it’s not potential for MeaTech to foretell their incidence or how they’ll have an effect on MeaTech. If a number of of the components affecting MeaTech’s forward-looking data and statements proves incorrect, then MeaTech’s precise outcomes, efficiency or achievements may differ materially from these expressed in, or implied by, forward-looking data and statements contained on this press launch. Subsequently, MeaTech cautions you to not place undue reliance on its forward-looking data and statements. MeaTech disclaims any obligation to revise or replace the forward-looking statements, whether or not written or oral, to mirror precise outcomes or adjustments within the components affecting the forward-looking statements, besides as particularly required by legislation. 

SOURCE MeaTech 3D Ltd.

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