11:16 AM EDT, 05/13/2024 (MT Newswires) -- Steakholder Foods ( STKH ) said Monday Wyler Farm has agreed to produce alternative proteins on a commercial scale using Steakholder's premixes and know-how in return for the payment of royalties from sales.

The company expects production of the new plant-based meat products to start in Q3, with commercial revenue generated from the deal likely to be realized by the end of 2024.

Steakholder said the companies are negotiating a second-stage follow-on agreement for Wyler Farm to produce plant-based 3D-printed meat products using Steakholder's printing technology and premix blends.

Steakholder shares were up nearly 11% in recent trading.

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