Steakholder Foods: Twine Solutions Sells First TwineX1 System to TITV for Next-Generation Textile Application Development

Rehovot, Israel, January 5, 2025 (GLOBE NEWSWIRE) --Steakholder Foods Ltd. (Nasdaq: STKH), a leading innovator in alternativeproteins and 3D printing technologies, announced today that its wholly-ownedsubsidiary, Twine Solutions, the Israeli pioneer of digital, waterless, on-demandthread and yarn dyeing technology, has sold the first of its next-generation TwineX1dyeing systems to the Textile Research Institute of the German state of Thuringia,Vogtland (“TITV”), marking a significant milestone in the expansion ofdigitally driven, sustainable thread manufacturing.

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TheTwineX1

At under 13 feet in length, the TwineX1 delivers a fullyintegrated, end-to-end process, digitally dyeing and lubricating yarns andthreads so they are immediately ready for industrial use. Its unique technologyeliminates the need for conventional dye baths, dramatically reducesenvironmental impact, and empowers manufacturers with true on-demand, agile,and sustainable production.

TITV plans to integrate the TwineX1 into its advancedresearch and development environment, where it will serve as a core platformfor creating new applications tailored to the evolving needs of the textileindustry. TITV intends to develop and test novel processes that leverageTwine’s waterless, digital thread-coloring technology, helping industrypartners accelerate their transition to sustainable models without compromisingon quality or design flexibility. In this way, TITV aims to support German companieslooking to expand their service offerings with sustainable, on-demand, industrial-scalethread production.

“Our collaboration with TITV reflects the increasing demandfor agile, eco-conscious manufacturing solutions,” said Nir Dvir, head of salesat Twine Solutions. “The TwineX1 is empowering innovators to explore newcreative and technical frontiers while significantly reducing waste andimproving production efficiency.”

With this investment in the TwineX1, Dr. Fabian Schreiber, ManagingDirector of TITV, stated that he looks forward to strategically expandingexisting collaborations with the Israeli start-up and tech sector, whileleveraging them for new research and markets: “The new technology makes itpossible to produce functional yarns in smaller quantities quickly and ondemand. This not only allows us to tailor textile solutions more precisely tothe requirements of our research partners and customers, but also reduces wasteand enables a more efficient use of rare raw materials.”

The purchase, under the 2024 WIN 0008 project, was fundedby the Free State of Thuringia and co-financed by the European Union under theEuropean Regional Development Fund (ERDF).

About Steakholder Foods

Founded in 2019, the Steakholder group owns and operatesinnovation-driven companies in two separate fields: Steakholder Foods andTwine Solutions.

Steakholder Foods specializes in developingand selling industrial 3D‑printing production machines that leverage advancedtechnologies to transform the food industry. Its alternative‑protein operationsare built on proprietary premix blends—crafted from the highest‑quality rawingredients—to help manufacturers of all sizes efficiently produce foods thatmeet and exceed consumer expectations for taste, texture, and appearance.Offering a safe and sustainable alternative to industrialized meat and seafoodproduction, Steakholder Foods creates products that replicate the complextextures of beef steaks, white fish, shrimp, and eel, while also exploringintegration of cultivated cells in preparation for future advancements in foodtechnology.

Twine Solutions disrupts the textileindustry with its proprietary waterless thread and yarn dyeing technology. Byeliminating traditional dye baths and reducing supply‑chain complexity, Twineenables on‑demand, sustainable color application directly at the point ofproduction—accelerating time‑to‑market, conserving water, and reducing waste.Serving leading fashion, apparel, accessories, and home‑décor brands, Twineempowers manufacturers to achieve both operational and environmental goalswithout compromising color quality or performance. With cutting‑edge solutionslike the TwineX series, Twine is paving the way for a smarter and moreefficient future in textile production.

About TITV

TITV Greiz is a business-oriented research institute and astrong partner for research, development, services, consulting, testing, andprofessional training across the entire textile value chain. With more than 60employees, the institute focuses on high-tech solutions that build on classicaltextile technologies to create new materials, smart products, and advancedprocesses.

A key area of expertise is the integration of electronicsand textiles, enabling the development of innovative products for entirely newfields of application. To support practical and application-driven research,TITV Greiz operates a fully equipped technical center for textile processing,an electronics laboratory, a smart textiles lab, and an accredited testinglaboratory.

Forward-Looking Statements

This press release contains certain forward-lookingstatements within the meaning of applicable securities laws. Suchforward-looking statements includes those concerning the completion of theoffering, the satisfaction of customary closing conditions related to theoffering, the intended use of proceeds from the offering, the exercise of thenew warrants prior to their expiration and the receipt of Shareholder Approval.Any statements that are not historical facts may be deemed to beforward-looking statements. Forward-looking statements reflect SteakholderFoods’ current views with respect to future events and are based on assumptionsand subject to known and unknown risks and uncertainties, which changeovertime, and other factors that may cause Steakholder Foods’ actual results,performance or achievements to be materially different from any future results,performance or achievements expressed or implied by the forward-lookingstatements. Forward-looking statements include, without limitation, any statementthat may predict, forecast, indicate or imply future results, performance orachievements, and are typically identified with words such as “may,” “could,”“should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,”“aim,” “intend,” “plan” or words or phases of similar meaning and include,without limitation, market conditions, Steakholder Foods’ expectationsregarding the success of the technologies which it is developing, which mayrequire significant additional work before Steakholder Foods can potentiallylaunch commercial sales; Steakholder Foods’ research and development activitiesassociated with printing technologies, including three-dimensional foodprinting, which involves a lengthy and complex process; Steakholder Foods’ability to obtain and enforce its intellectual property rights and to operateits business without infringing, misappropriating, or otherwise violating theintellectual property rights and proprietary technology of third parties; andother risks and uncertainties, including those identified in Steakholder Foods’Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filedwith the Securities and Exchange Commission on March 31, 2025. New risks anduncertainties may emerge from time to time, and it is not possible forSteakholder Foods to predict their occurrence or how they will affectSteakholder Foods. If one or more of the factors affecting Steakholder Foods’forward-looking information and statements proves incorrect, then SteakholderFoods’ actual results, performance or achievements could differ materially fromthose expressed in, or implied by, forward-looking information and statementscontained in this press release. Therefore, Steakholder Foods cautions you notto place undue reliance on its forward-looking information and statements.Steakholder Foods disclaims any duty to revise or update the forward-lookingstatements, whether written or oral, to reflect actual results or changes inthe factors affecting the forward-looking statements, except as specificallyrequired by law.

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