AlephFarms is one of the globally leading foodtech companies of Israel. The Israeli company issued a press release announcing that it will increase the production capabilities due to increasing demands. Again, the daily fact that strikes down the left lie that the world disinvest from Israel because of the judicial reform. Whoever claims this, has only small economic competence.
The coming driving sector aka hightech industry of Israel’s economy will be with out doubt te foodtech industry.
In the press release AlephFarms, which is well know to reader of VonNaftali, said: “Aleph Farms, the first company to grow cultivated steaks directly from non-modified cow cells, today announced that it has acquired a manufacturing facility in Modi’in, Israel, and certain related assets from biotechnology company VBL Therapeutics (Nasdaq: VBLT).
In addition, Aleph Farms has signed a Memorandum of Understanding (MOU) with ESCO Aster, a vertically-integrated contract manufacturing organization, to produce cultivated meat in Singapore. These agreements stand to increase Aleph Farms’ production capabilities and global impact as the company approaches commercialization.”
“Israel and Singapore are the first two markets where we intend to launch our cultivated thin-cut steak. Building up production capacity quickly in those locations while keeping capital investment lean provides a clear roadmap to scalability,” said Didier Toubia, CEO and co-founder of Aleph Farms. “Beyond Israel and Singapore, we plan on building additional strategic assets worldwide as part of our effort to bring more security and resilience to food systems.”
The company was co-founded in 2017 by Didier Toubia, The Kitchen Hub by Strauss Group, and Professor Shulamit Levenberg of the Technion – Israel Institute of Technology.