Steakholder Foods shared a letter from the CEO Arik Kaufman detailing recent commercial milestones, the Company’s transition to initial recurring revenue, and its growth outlook for 2025. “I am pleased to provide an overview of the meaningful progress we have made in our commercialization efforts and progress towards consistent revenue generation…. A highlight of our recent progress has been securing our first purchase orders under agreements with two key industry players: Bondor Foods… and Wyler Farm… These orders represent a pivotal moment for our company, marking the inception of our revenue streams and affirming the commercial viability of our offerings… In addition to these exciting new developments, we continue to make progress with our previously announced partnerships with the Industrial Technology Research Institute… To support our commercialization efforts, we have opened our first full-scale Demonstration Center, a state-of-the-art facility that showcases our groundbreaking 3D printing technologies in action… Looking forward to 2025, we anticipate generating substantial revenue growth as our initial agreements take full effect and we attract interest from additional market participants. We remain committed to creating long-term value for our stakeholders while contributing to a more sustainable food system. “
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