NESS ZIONA, Israel, Jan. 25,
2022 /PRNewswire/ -- MeaTech 3D
Ltd. (Nasdaq: MITC) announced today the following changes to
its executive management team and Board of Directors:
Mr. Sharon Fima announced that,
in light of the Company's current stage of development, he intends
to step down from the positions of Chief Executive Officer, Chief
Technology Officer and Director in the near future. Mr. Fima
intends to continue supporting the Company as a founding member of
the Company's scientific advisory board.
Mr. Fima: "As a co-founder of MeaTech, it has been my passion
and my privilege to lead the Company through its formative years of
real cultivated meat development, and at this stage of the
Company's development, I'm pleased to be able to hand over the
reins to a new leadership team to further advance the Company's
exciting growth plans."
MeaTech's Board of Directors appointed Mr. Arik Kaufman to the position of Chief Executive
Officer, effective upon Mr. Fima's departure. Mr. Kaufman, 41, has
founded various Nasdaq- and TASE-traded foodtech companies, and
currently serves as director of Wilk Technologies Ltd. He is
also a founding partner of the BlueSoundWaves collective, led by
Ashton Kutcher Guy Oseary and Effie
Epstein, which recently partnered with MeaTech to accelerate
the Company's growth. Mr. Kaufman holds extensive personal
experience in the fields of food-tech and bio-tech law, and has led
and managed numerous complex commercial negotiations, as part of
local and international fundraising, M&A transactions and
licensing agreements.
Messrs. Steven H. Lavin
(Chairman) and Danny Ayalon stepped
down from MeaTech's Board of Directors effective January 24, 2022 in light of the Company's
current stage of development and to pursue other ventures, and both
outgoing directors expressed their ongoing support for MeaTech and
its technologies. In addition, Mr. Omri
Schanin stepped down from the Board of Directors and
continues to serve as MeaTech's Deputy CEO.
Mr. Yaron Kaiser was appointed to
the Board of Directors of the Company as its Chairperson. Mr.
Kaiser, 43, has founded various Nasdaq- or TASE-traded foodtech
companies, and currently serves as Chairperson of Wilk Technologies
Ltd. Mr. Kaiser is a founding partner of the BlueSoundWaves
collective, and practices law in the fields of securities,
commercial and corporate law, representing numerous public
companies on fundraising, IPOs, M&A, Israel Securities
Authority and corporate governance.
Mr. Kaufman: "I'm honored to step in to the role of CEO of
MeaTech. I am eager to position MeaTech at the forefront of the
cultured meat revolution industry, by growing MeaTech from a
development-stage company to a production company. I would
like to offer my appreciation to Steven
Lavin, Sharon Fima and
Daniel Ayalon, for leading MeaTech
in its early stages, and look forward to leading MeaTech's
executive team even further forward in its ambitious development
plans, as the company's Chief Executive."
Ms. Epstein: "We are looking forward to continuing our support
for MeaTech under its new leadership, and helping it execute and
accelerate its strategy."
About MeaTech
MeaTech 3D is an international company at the forefront of the
cultured meat revolution, listed on the Nasdaq Capital Market under
the ticker "MITC". The company initiated activities in 2019 and
maintains facilities in Ness Ziona, Israel and Antwerp,
Belgium. The company believes cultivated meat technologies
hold significant potential to improve meat production, simplify the
meat supply chain, and offer consumers a range of new product
offerings.
MeaTech aims to provide an alternative to industrialized animal
farming, circumventing the serious issues surrounding conventional
animal husbandry, such as carbon footprint, water resources and
animal welfare. By adopting a modular factory design, MeaTech will
be able to offer a sustainable solution for a variety of species,
including beef, chicken and pork, both as raw materials and as
whole cuts; and also provide the production equipment.
For more information, please visit https://meatech3d.com/.
Forward-Looking Statements
This press release contains forward-looking statements
concerning MeaTech's business, operations and financial performance
and condition as well as plans, objectives, and expectations for
MeaTech's business operations and financial performance and
condition. Any statements that are not historical facts may be
deemed to be forward-looking statements. Forward-looking statements
reflect MeaTech's current views with respect to future events and
are based on assumptions and subject to known and unknown risks and
uncertainties, which change over time, and other factors that may
cause MeaTech's actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Forward-looking statements include, without limitation,
any statement that may predict, forecast, indicate or imply future
results, performance or achievements, 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, MeaTech's expectations regarding the success of its
cultured meat manufacturing technologies it is developing, which
will require significant additional work before MeaTech can
potentially launch commercial sales; MeaTech's research and
development activities associated with technologies for cultured
meat manufacturing, including three-dimensional meat production,
which involves a lengthy and complex process; MeaTech's ability to
obtain and enforce its intellectual property rights and to operate
its business without infringing, misappropriating, or otherwise
violating the intellectual property rights and proprietary
technology of third parties; and other risks and uncertainties,
including those identified in MeaTech's Annual Report on Form 20-F
for the fiscal year ended December 31,
2020, filed with the Securities and Exchange Commission on
April 21, 2021. New risks and
uncertainties may emerge from time to time, and it is not possible
for MeaTech to predict their occurrence or how they will affect
MeaTech. If one or more of the factors affecting MeaTech's
forward-looking information and statements proves incorrect, then
MeaTech's actual results, performance or achievements could differ
materially from those expressed in, or implied by, forward-looking
information and statements contained in this press release.
Therefore, MeaTech cautions you not to place undue reliance on its
forward-looking information and statements. MeaTech disclaims any
duty to revise or update the forward-looking statements, whether
written or oral, to reflect actual results or changes in the
factors affecting the forward-looking statements, except as
specifically required by law.
MeaTech Press
Contact:
|
MeaTech Investor
Contacts:
|
Alan Ryan
Rainier Communications
alanryan@rainierco.com
|
Joseph Green
Edison Group
jgreen@edisongroup.com
|
Ehud Helft
Edison Israel
ehelft@edisongroup.com
|
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SOURCE MeaTech 3D Ltd.