I loved 3-D films as a kid but I’m not too sure how I feel about 3-D printed seafood and seafood products. If MeaTech 3D Ltd. has it’s way, though, I’ll find out. It’s an international deep-tech food company at the forefront of the cultured meat industry. The company announced that it signed a memorandum of understanding with Umami Meats. Their joint venture seeks to create 3D-printed cultured structured seafood.
Umami Meats is a Singapore-based cultured seafood company. It focuses on developing species experiencing severe supply-side shortages in the coming years due to climate change, overfishing and continuously growing consumer demand. The global seafood market was estimated to be worth US $110.2 billion by 2022. Currently, it’s growing at a CAGR of 3.6% (FMI – The Food Industry Association).
This collaboration opens a door for both companies into the Asian market, and Singapore specifically. Currently, Singapore is the only country that has authorized the production and distribution of cultured meat.
The agreement is part of MeaTech’s strategy of collaboration with other players in the alternative protein space. It takes advantage of the company’s flexibility in its technological and biological capabilities to develop and print a wide variety of species. With this agreement, MeaTech adds seafood to its portfolio of products under development.
Technically Speaking
The company’s innovative 3D bioprinting technology produces complex meat products with pinpoint precision at an industrial rate of production. It also doesn’t impact cell viability. Through the company’s private subsidiary, MeaTech develops and commercializes its 3D-printing capabilities in-house and to third parties in the food-tech sector.
MeaTech also sees this collaboration as an opportunity to make a valuable contribution in preserving marine ecosystems and wildlife. It also seeks to address the environmental challenges surrounding the aquaculture and fishing industries.
About MeaTech
MeaTech 3D Ltd. is an international deep-tech food company at the forefront of the cultured meat revolution. The company initiated activities in 2019. It’s listed on the Nasdaq Capital Market under the ticker “$MITC”. MeaTech maintains facilities in Rehovot, Israel and Antwerp, Belgium. The company is also in the process of expanding activities to the US.
MeaTech develops a sustainable, slaughter-free solution for producing a variety of beef, chicken and pork products, both as raw materials and whole cuts. The company’s approach to meat production and modular factory design provide an alternative to industrialized animal farming. This approach also may enhance food security, reduce carbon footprint, and minimize water and land usage.
For more information, please visit: https://meatech3d.com
About Umami Meats
Umami Meats cultivates a sustainable seafood future by producing delicious, nutritious, affordable cultivated seafood. The company’s cultivated, not-caught seafood offers equivalent nutrition to traditional seafood. It also provides a delicious culinary experience, free from heavy metals, antibiotics and microplastics.
Umami Meats has also been recognized as a Semi-Finalist in the XPRIZE Feed the Next Billion competition, Fi Global Startup Innovation Challenge finalist, member of Forward Fooding’s 2021 FoodTech 500 list, and as the Best Emerging Sustainable Seafood Company – Southeast Asia in the 2021 Global Green Business Awards.
