RCS - Agronomics Limited - Meatable and TruMeat Forge Alliance

AgronomicsAnnouncement

Tue 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250506:nRSF3225Ha&default-theme=true

RNS Number : 3225H  Agronomics Limited  06 May 2025

6 May 2025

 Agronomics (https://agronomics.im/) Limited

("Agronomics" or the "Company")

 

Meatable and TruMeat Forge Alliance to Enhance Cultivated Meat Production

 

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.

 

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."

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.

 

The full announcement is relayed below without any material changes:

LEIDEN, NETHERLANDS, April 30, 2025 / EINPresswire.com
(https://www.einpresswire.com/) / -- Meatable (https://www.meatable.com/) ,
the leader in cultivated meat technology, and TruMeat (https://tru-meat.com/)
, 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.

 

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
deliver cultivated meat at the cost levels and volumes required to support
commercial partners in formulating, testing, and launching products in the
market. TruMeat brings extensive experience in media development and process
optimisation that enables production at scale.

 

"This is the next step in our journey to make cultivated meat accessible and
affordable," said Jeff Tripician, CEO of Meatable. "We have full trust in
TruMeat's expertise, and together, we are confident in our ability to optimise
processes and scale efficiently. This collaboration brings us closer to
providing the meat industry with the solutions it needs to deliver
great-tasting, sustainable meat to customers and consumers worldwide."

 

"We recognise that Meatable is a clear leader in the cultivated meat space,
and we have been waiting for a technology with this potential," said James
Chui, Chair of TruMeat. "We are very confident that by combining our
strengths, we can achieve the necessary cost reductions and the commercial
scale to make cultivated meat a viable option for global markets."

 

The collaboration underscores Meatable and TruMeat's shared commitment to
revolutionising the food system by delivering sustainable and efficient
cultivated meat technology to the meat industry. By combining cutting-edge
technology with proven expertise, the companies aim to drive the industry
forward and meet the growing global demand for alternative proteins.

 

About Meatable

Meatable is leading the charge in revolutionising how the meat industry
sources and produces meat. We are a vendor-partner to the meat industry and
provide the science and technology to sustainably produce affordable,
great-tasting, real meat at scale. Meatable's cultivated meat technology is
designed to complement and integrate into the existing traditional meat
industry's supply chains, offering opportunities for partnerships that
strengthen the entire system. We accomplish this without harming animals or
the planet, 25x times faster than traditional protein. It is the solution for
feeding a hungry planet in the future.

 

About TruMeat

TruMeat focuses on industrialisation of cultivated meat technology and
products. TruMeat aims at building and managing a complete and global supply
chain to ensure commercial scalability, geographic availability, and cost
effectiveness. TruMeat's cell culture process technology, including a
continuous process, modular and fully automated, will revolutionise the
cultivated meat industry for a sustainable and reliable food supply chain for
mankind.

About Agronomics

Agronomics is a leading London-listed company focusing on investment
opportunities within the field of clean food. Agronomics has established a
portfolio of over 20 companies in this rapidly advancing sector. It seeks to
invest in companies owning technologies with defensible intellectual property
that offer new ways of producing food and materials with a focus on products
historically derived from animals.

These technologies are driving a major disruption in agriculture, offering
solutions to improve sustainability, as well as addressing human health,
animal welfare and environmental damage. This disruption will decouple supply
chains from the environment and animals and improve food security for the
world's expanding population. A full list of Agronomics' portfolio companies
is available at (https://agronomics.im/) https://agronomics.im/
(https://agronomics.im/) .

 Agronomics Limited   Beaumont Cornish Limited  Canaccord Genuity Limited  Cavendish Capital Markets Limited  Peterhouse Capital Limited  33Seconds Limited
 The Company          Nomad                     Joint Broker               Joint Broker                       Joint Broker                Public Relations
 Jim Mellon           Roland Cornish            Andrew Potts               Giles Balleny                      Lucy Williams               Jack Ferris

 Denham Eke           James Biddle              Harry Pardoe               Michael Johnson                    Charles Goodfellow          Calum Warren-Piper
 +44 (0) 1624 639396  +44 (0) 207 628 3396      +44 (0) 207 523 8000       +44 (0) 207 397 8900               +44 (0) 207 469 0936        agronomics@33seconds.co

 info@agronomics.im

 

About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed
at assisting listed and unlisted (including AIM quoted) companies to
distribute media only / non-regulatory news releases into the public domain.
Information required to be notified under the AIM Rules for Companies, Market
Abuse Regulation or other regulation would be disseminated as an RNS
regulatory announcement and not on Reach.

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFLFVREIIFIIE