"This facility opening marks a huge step in Future Meat Technologies' path to market, serving as a critical enabler to bring our products to shelves by 2022," says Rom Kshuk, CEO of Future Meat Technologies. "Having a running industrial line accelerates key processes such as regulation and product development."

Currently, the facility can produce cultured chicken, pork and lamb, without the use of animal serum or genetic modification (non-GMO) with the production of beef coming soon. Future Meat Technologies' unique platform enables fast production cycles, about 20-times faster than traditional animal agriculture.

"After demonstrating that cultured meat can reach cost parity faster than the market anticipated, this production facility is the real game-changer," says Prof. Yaakov Nahmias, founder and chief scientific officer of Future Meat Technologies. "This facility demonstrates our proprietary media rejuvenation technology in scale, allowing us to reach production densities 10-times higher than the industrial standard. Our goal is to make cultured meat affordable for everyone, while ensuring we produce delicious food that is both healthy and sustainable, helping to secure the future of coming generations."

The facility further supports Future Meat Technologies' larger efforts to create a more sustainable future. The company's cruelty-free production process is expected to generate 80% less greenhouse emissions and use 99% less land and 96% less freshwater than traditional meat production.

Future Meat Technologies aims to reach shelves in the United States in 2022 and is currently in the process of approving its production facility with regulatory agencies in multiple territories. The company is eyeing several locations in the United States for its projected expansion.