Agronomics Limited - Meatable and TruMeat Forge Alliance

About this update from Agronomics Limited

[{"type":"text","content":"Meatable and TruMeat Forge Alliance to Enhance Cultivated Meat Production","length":73,"tagName":"p"},{"type":"text","content":"DOUGLAS, ISLE OF MAN / ACCESS Newswire / May 6, 2025 / Agronomics (LSE:ANIC), a leading listed company in the field of clean food, is pleased to announce that its portfolio company Meatable B.V. ("Meatable"), one of the leaders in cultivated meat technology, and TruMeat Co., Ltd. ("TruMeat"), specialising in the contract manufacturing of cultivated meat at commercial scale, have formed a strategic collaboration to advance the global commercialisation of cultivated meat.","length":494,"tagName":"p"},{"type":"text","content":"Jim Mellon, Executive Chair of Agronomics, said: "This is yet another example of the huge momentum happening across the clean food industry, as companies continue to demonstrate their commitment to producing cultivated meat affordably and at scale. By working together, Meatable and TruMeat can scale production swiftly and meet the growing demand from consumers for meat which is healthy and sustainable, but which does not incur such heavy costs on our planet."","length":473,"tagName":"p"},{"type":"text","content":"To date, Agronomics has invested a total of €9.2 million (c.£7.9 million) in Meatable, which, subject to audit, is currently carried at £11.4 million. This position represents c.7.5% of Agronomics' last stated Net Asset Value as at 31 December 2024.","length":253,"tagName":"p"},{"type":"text","content":"The full announcement is relayed below without any material changes:LEIDEN, NETHERLANDS, April 30, 2025 / EINPresswire.com / -- Meatable, the leader in cultivated meat technology, and TruMeat, specialising in the contract manufacturing of cultivated meat at commercial scale, have formed a strategic collaboration to advance the global commercialisation of cultivated meat. This collaboration will focus on optimising processes and media development and building out a state-of-the-art facility operated by TruMeat in Singapore using Meatable's technology.","length":561,"tagName":"p"},{"type":"text","content":"This move marks an important step in Meatable's efforts to produce cultivated meat at a price point that is increasingly competitive with conventional meat at a commercial scale. The new facility will be the first in Singapore to deli...

More updates from Agronomics Limited