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Steakholder Foods® Receives First Ever Purchase Order Under New Commercial Sales Agreement with Bondor Foods
Initial Order Marks First Income Milestone for Company as it Secures Initial Revenue Stream for Alternative Protein Premixes
Rehovot, Israel, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Steakholder Foods Ltd. (NASDAQ:STKH) (the "Company"), a leading innovator in alternative proteins production and 3D printing production technologies, today announced that it has received an initial purchase order, since it was incorporated, from Bondor Foods Ltd. under the commercial agreement signed earlier this month. The order represents a significant milestone for Steakholder Foods as it marks the Company's first revenue for its proprietary alternative protein premixes in 2024.
The purchase order follows the recently announced commercial agreement between Steakholder Foods and Bondor Foods, a renowned frozen foods manufacturer and institutional market distributor. Under the terms of the agreement, Steakholder Foods will supply its proprietary alternative protein premixes for use in Bondor Foods' new line of white fish and salmon patties. This order solidifies the successful launch of Steakholder Foods' commercialization efforts, with first income in 2024.
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