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Steakholder Foods: Twine Solutions Expands Collaboration With Henderson Sewing Machine Co. to Bring Sustainable, On-Demand Thread and Yarn Dyeing to the U.S. Market
Globenewswire· 2025-11-10 13:00
Core Insights - Twine Solutions and Henderson Sewing Machine Co. are collaborating to innovate American textile manufacturing through localized, eco-friendly, and same-day thread and yarn dyeing production [1][4] - The TwineX1 system enhances productivity and functionality for fashion brands, enabling faster and more sustainable production [1][4] Company Overview - Twine Solutions, founded in 2015, specializes in waterless thread and yarn dyeing technology, aiming to disrupt the textile industry by enabling on-demand color application and reducing waste [4] - Henderson Sewing Machine Co., established in 1968, is known for its high-performance sewing equipment and automation solutions, focusing on sustainability and efficiency in textile manufacturing [8] Technological Advancements - Twine's dye-on-demand technology allows businesses to dye thread and yarn within hours, significantly reducing supply chain times from five weeks to same-day production [2][3] - The technology eliminates the need for water and waste, supporting a circular production model that aligns with modern brand values [3] Market Impact - The collaboration aims to reshape the American textile supply chain by bringing production back to the U.S., thus reducing overseas shipping delays and environmental impact [2][4] - Current installations of TwineX platforms target various applications, including fashion sample rooms, embroidery production, and R&D labs for wearable tech [6]
Steakholder Foods Announces Acquisition of Twine Solutions
Globenewswire· 2025-11-04 13:00
Core Insights - Steakholder Foods Ltd. has acquired Twine Solutions Ltd., enhancing its digital printing capabilities in the foodtech industry and positioning itself as a leader in smart manufacturing and supply chain optimization [1][2][3] - The acquisition allows Twine's shareholders to retain a minority stake of approximately 20% in Steakholder Foods, reflecting a strategic partnership aimed at innovation and growth [1][5] Company Overview - Steakholder Foods specializes in 3D printing technologies for alternative proteins, aiming to transform the food industry with advanced production methods [6][7] - Twine Solutions is known for its proprietary waterless dyeing technology, which is revolutionizing the $120 billion textile thread and yarn industry by enabling on-demand dyeing solutions [4][8] Strategic Goals - The acquisition is intended to create a global digital technology powerhouse that can innovate across multiple industries, including food and textiles [2][3] - Both companies aim to explore commercial applications that emphasize speed, personalization, sustainability, and scalability [3] Technological Advancements - Twine has developed the world's first digital thread and yarn dyeing system that utilizes a waterless process, supported by 10 granted and pending patents [3] - The combined technological capabilities of Steakholder and Twine are expected to enhance operational efficiency and environmental sustainability in textile production [4][8] Market Positioning - The acquisition positions Steakholder Foods to expand its market reach beyond foodtech into adjacent industries with significant growth potential [5] - Twine's partnerships with major brands like Zara and COATS Group highlight its influence and strategic importance in the textile sector [4]
Steakholder Foods Ltd. Announces Warrant Exercise for $1.5 Million in Gross Proceeds
Globenewswire· 2025-09-30 12:46
Core Points - Steakholder Foods Ltd. has entered into definitive agreements for the immediate exercise of certain outstanding warrants to purchase an aggregate of 297,618 American Depository Shares (ADSs) at a reduced exercise price of $5.00 per ADS, down from the original price of $8.40 per ADS [1][3] - The gross proceeds from the exercise of existing warrants are expected to be approximately $1.5 million, with potential additional proceeds of approximately $4.5 million from new warrants if fully exercised [3] - The company plans to use the net proceeds for working capital, business growth, and general corporate purposes [3] Company Overview - Steakholder Foods is an innovator in alternative proteins and 3D printing technologies, founded in 2019 [8] - The company specializes in developing 3D-printing production machines and proprietary premix blends for food manufacturing [8] - Steakholder Foods aims to provide safe and sustainable alternatives to traditional meat and seafood production, replicating complex textures of traditional meats [9]
Steakholder Foods Announces Signing of Agreement for the Acquisition of Twine Solutions
Globenewswire· 2025-09-22 11:00
Core Insights - The acquisition of Twine Solutions Ltd. by Steakholder Foods Ltd. aims to create a global digital technology powerhouse that can revolutionize multiple industries, including food and textile sectors [2][3] - Twine's innovative waterless dyeing technology and Steakholder's 3D food printing technology will be combined to enhance production capabilities and sustainability [3][8] Company Overview - Steakholder Foods specializes in 3D printing technologies for alternative proteins and aims to transform the food industry through advanced manufacturing [9][10] - Twine Solutions focuses on digital dyeing technology for the textile industry, utilizing a proprietary waterless process that significantly reduces environmental impact [11] Financial Aspects - Twine's shareholders will receive approximately 25% of Steakholder's outstanding equity, with potential to increase to 35% based on performance milestones [1] - Prior to the acquisition, Twine's shareholders invested $1.74 million in Steakholder at a substantial premium, which will convert into equity post-acquisition [3] Strategic Goals - The combined entity aims to explore commercial applications across various industries, focusing on speed, personalization, sustainability, and scalability [3][8] - The acquisition is expected to broaden Steakholder's activity base and diversify income streams, positioning the company for growth in multiple sectors [8] Market Impact - Twine is positioned to disrupt the $120 billion textile thread and yarn industry with its on-demand dyeing solutions, generating economic and ecological benefits [6] - The partnership is anticipated to enhance operational efficiency and meet evolving market demands in both food and textile industries [2][8]
Steakholder Foods Receives Positive International Search Report for Patent Covering HD144 Fish Printer’s DLS®-Based Drop-on-Demand Printing System
Globenewswire· 2025-07-28 12:00
Core Insights - Steakholder Foods Ltd. has received a positive Written Opinion from the International Searching Authority regarding its international patent application for its HD144 printer technology, which focuses on plant-based fish production [1][2][5] - The ISA confirmed that all 21 claims in the patent application meet the criteria of novelty, inventive step, and industrial applicability, highlighting the innovative nature of the company's technology [2] - The patented printing system features a multi-component architecture for bio-ink management, gas pressure control, and a central processing module, which are essential for producing high-fidelity plant-based seafood [3] Technology and Innovation - The DLS® (Drop Location in Space) technology enables precise deposition of plant-based materials, allowing for realistic structuring and marbling that mimics conventional fish [4] - The HD144 printer is designed to enhance the production of plant-based seafood, supporting the company's goals for global commercialization and strategic partnerships [5] Company Overview - Founded in 2019, Steakholder Foods specializes in 3D-printing technology for alternative protein production, aiming to provide sustainable food options that meet consumer expectations for taste and texture [6] - The company is also exploring the integration of cultivated cells to advance food technology further [7]
Steakholder Foods Receives Positive International Search Report for Patent Covering HD144 Fish Printer's DLS®-Based Drop-on-Demand Printing System
GlobeNewswire News Room· 2025-07-28 12:00
Core Insights - Steakholder Foods Ltd. has received a positive Written Opinion from the International Searching Authority regarding its international patent application for the HD144 printer, which focuses on plant-based fish production [1][2] - The ISA confirmed that all 21 claims in the application meet the criteria of novelty, inventive step, and industrial applicability, highlighting the innovative nature of the company's technology [2] - The patented system features a multi-component architecture for bio-ink management, gas pressure control, and a central processing module, essential for producing high-fidelity plant-based fish products [3] Technology Overview - The DLS® (Drop Location in Space) technology allows for ultra-precise deposition of plant-based materials, enabling realistic structuring and marbling that mimics conventional fish [4] - The HD144 printer is designed specifically for producing structured plant-based seafood, raising standards in the alternative protein sector [5] Strategic Implications - The positive opinion from the ISA is a significant milestone for the company, reinforcing its intellectual property strength and supporting its global commercialization and partnership strategies [5] - The company is positioned to pursue national phase filings in key global markets, enhancing its leadership in the 3D-printed alternative protein industry [5] Company Background - Founded in 2019, Steakholder Foods specializes in 3D-printing technology for alternative protein production, focusing on high-quality raw ingredients to meet consumer expectations [6] - The company aims to replicate the complex textures of traditional meats and is exploring the integration of cultivated cells for future advancements in food technology [7]
Steakholder Foods Ltd. Announces Pricing of $2.5 Million Public Offering
Globenewswire· 2025-07-16 13:16
Company Overview - Steakholder Foods Ltd. is a leading innovator in alternative proteins and 3D printing technologies, founded in 2019 [6] - The company specializes in developing and selling 3D-printing production machines, utilizing proprietary premix blends made from high-quality raw ingredients [6] - Steakholder Foods aims to provide safe and sustainable alternatives to traditional meat and seafood production, focusing on taste, texture, and appearance [6] Public Offering Details - The company announced a public offering of 2,380,954 American Depository Shares (ADSs), each representing 500 ordinary shares, at a price of $1.05 per ADS [1] - Accompanying the ADSs are warrants to purchase an equal number of ADSs, with an exercise price of $1.05, exercisable immediately and expiring five years from the issuance date [1] - The expected gross proceeds from the offering are approximately $2.5 million, with potential additional proceeds of $2.5 million from the warrants if fully exercised [3] Use of Proceeds - The net proceeds from the offering will be used for additional working capital, funding business growth, repurchasing securities, and general corporate purposes [3] Placement Agent - H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering [2] Regulatory Information - The offering is being conducted under a registration statement on Form F-1, which was declared effective by the SEC on July 16, 2025 [4]
First Steakholder-Formulated Plant-Based Fish Products Rolled Out in Retail Outlets
Globenewswire· 2025-07-15 11:00
Core Insights - Steakholder Foods Ltd. has launched its first plant-based white fish kebabs and salmon patties in leading vegan specialty stores across Israel under the brand name Green Future [1][3] - The launch marks the company's first full product-cycle revenue stream, transitioning from premix supply to consumer sales [3] Company Overview - Founded in 2019, Steakholder Foods specializes in alternative protein production and 3D-printing technologies, aiming to transform the food industry with innovative solutions [4] - The company develops and sells 3D-printing production machines and proprietary premix blends made from high-quality raw ingredients, enabling manufacturers to produce appealing and sustainable food alternatives [4] Product Development - The new products are manufactured by Bondor Foods, a partner of Steakholder Foods, which specializes in ready-to-eat vegan and vegetarian products [5] - Steakholder Foods is also exploring the integration of cultivated cells to advance food technology further [5]
Steakholder Foods Announces Signing of Investment and Convertible Loan Agreements, and Memorandum of Understanding for Proposed Transformative Acquisition of Twine Solutions
Globenewswire· 2025-06-11 12:00
Core Insights - Steakholder Foods Ltd. has signed a non-binding MoU to acquire Twine Solutions Ltd., with Twine's shareholders investing $1.74 million at a price of $7 per ADS, representing a 200% premium over Steakholder's last closing price [1] - The acquisition aims to create a combined entity that leverages advanced digital printing and dyeing technologies, positioning it as a leader in both food tech and textile industries [1][4] - Twine has developed a proprietary waterless dyeing technology that is set to revolutionize the $120 billion textile thread and yarn industry, enhancing sustainability and efficiency [4][10] Investment Details - The investment is led by Gefen Capital, which specializes in high-potential Israeli startups with disruptive technologies [2] - Gefen Capital's partners have extensive operational experience and a proven track record in creating value, with notable figures such as David Wiessman and Sheldon Stein involved [2][3] - The investment and convertible loans have been completed, with the acquisition pending final due diligence and shareholder approval [6] Technological Advancements - Twine's technology allows for on-demand dyeing solutions, significantly reducing time to market and enabling customization for various applications [5] - The combination of Steakholder's 3D food printing technology and Twine's digital manufacturing systems is expected to explore commercial applications across multiple industries, focusing on speed, personalization, sustainability, and scale [5] - Twine has secured approximately $80 million in funding and established partnerships with major brands like Zara and COATS Group, indicating strong commercial momentum [4] Strategic Implications - The merger is seen as a transformative opportunity that could redefine digital manufacturing standards across industries [7] - Both companies share a commitment to innovation, sustainability, and efficiency, aiming to set new standards in their respective fields [7][10] - The strategic combination is expected to unlock significant value and create a powerful entity capable of leading advancements in technology and sustainability [7]
Steakholder Foods Announces ADS Ratio Adjustment
Newsfilter· 2025-04-23 20:30
Core Points - Steakholder Foods Ltd. announced a change in the ratio of its American Depositary Shares (ADSs) from one ADS representing one hundred ordinary shares to one ADS representing five hundred ordinary shares, effective April 28, 2025 [1][2] - This adjustment will be executed as a one-for-five reverse ADS split, requiring no action from existing ADS holders [2] - The Bank of New York Mellon will facilitate the exchange of existing ADSs for the new ratio on the effective date [2] - No new ADSs will be issued in connection with this adjustment, and any fractional shares will be aggregated and sold, with net proceeds distributed to ADS holders [3] Company Overview - Steakholder Foods is a leader in 3D-printed meat and fish technology, focusing on cultivated cell innovation [1] - Founded in 2019, the company specializes in developing 3D-printing production machines and proprietary premix blends made from high-quality raw ingredients [4] - The company's technology aims to help manufacturers produce alternative proteins that meet consumer expectations for taste, texture, and appearance, providing a sustainable alternative to traditional meat and seafood production [4] - Steakholder Foods is also working on replicating the textures of traditional meats and exploring the integration of cultivated cells for future advancements in food technology [5]