FOR IMMEDIATE RELEASE Contact: Caterina Russolillo, Memphis Meats

Phone: 972-248-8442
Email: caterinarussolillo@icloud.com

Memphis Meats Saves the Planet One Biopsy at a Time

Lab-Grown Meat Is Our Future

BERKELEY, Calif., May 7, 2021 – Memphis Meats redefines the food system and preserves the
environment with revolutionary food technology. The company aims to feed 10 billion people by
2050 with cell-cultured meat.

Memphis Meats is in the process of building a pilot production facility with funds raised from
high-profile investors including Richard Branson, Bill Gates and Tyson Foods. With the
companies’ latest funding round bringing in $161 million, Memphis Meats plans to grow its
workforce and bring lab-grown meats to market. Harvesting animal cells promises a more
humane and sustainable system for a growing population.

“If you take a biopsy, feed the cells the same nutrients: sugar, vitamins, minerals and so on, that
a cow would eat, instead of 18 months, in two weeks or less you can have as much meat as from
that cow,” said Eric Schulze, Ph.D., Vice President of Production and Regulation at Memphis
Meats.

In addition to meat, Memphis Meats offers consumers lab-grown poultry and seafood options.
The food science behind cell-based meat transforms conventional production methods. This
biotechnology addresses the issues of increased global demand and animal welfare.

Extraordinary food technology from Memphis Meats provides real meat without the
compromise. Lab-grown meat is just as nutritious and even better for the planet.

For more information about Memphis Meats visit http://www.memphismeats.com/

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About Memphis Meats

Memphis Meats is headquartered in Berkeley, Calif. and is leading the world in cell-cultured
meat. Since its founding in 2015, the company has been reimagining the way meat is made.
Eliminating the need to breed and slaughter animals, cell-based meat is efficient and beneficial to
the environment.
CONTACT: Memphis Meats Public Relations
caterinarussolillo@icloud.com

Fast Facts

 Memphis Meats co-founder, Uma Valeti is a trained cardiologist and was a professor at
the University of Minnesota.

 In 2005, Valeti’s work with stem cells at the Mayo Clinic led him to the idea of lab-
grown meat.

 The meat cultivation process takes four to six weeks

 Memphis Meats can make 10,000 cows’ worth of meat with one single biopsy.

 The company created the world’s first cell-cultured beef meatball in 2016. In 2017, the
company produced the world’s first cell-cultured chicken and duck meat.

 Memphis Meats has landed investments from some of the largest meat companies in the
US including Tyson Foods and Cargill.

 In August 2017, Memphis Meats raised a $17 million series A funding round.

 In 2019, Memphis Meats raised $22 million in deals after the success of its first
commercially viable cell-based meat product.

 In January 2020, the company raised a $161 million series B funding round.

 The companies’ first pilot production facility plans to open in 2021.

 Initial production cost of cultured beef was $18,000 per pound. Initial production cost of
cultured poultry was $9,000 per pound. Memphis Meats has been able to reduce cost of
production to $2,400 per pound.
 Contact: Caterina Russolillo
Public Relations Specialist
(972) 248-8442
caterinarussolillo@icloud.com
BACKGROUNDER

Memphis Meats
804 Heinz Ave, Berkeley, CA 94710
http://www.memphismeats.com/

Memphis Meats Seeks to Change Food Industry With Cell-based Meat

Global demand for meat is expected to double by 2050. With a rapidly growing global
population, current production methods will fail to meet the needs of consumers. Memphis
Meats recognizes the urgency to find a solution that avoids the breeding and slaughtering of
livestock. The company is committed to producing real meat that is more nutritious and safer for
the environment. Since 2015, Memphis Meats has been dedicated to researching the potential of
cell-cultured meat and plans to reshape the current food system.

This lab-grown alternative to traditional agriculture is kinder to animals and uses significantly
less land and water. Not only does this process create less waste, but it also drastically reduces
greenhouse gas emissions. Over the years, Memphis Meats has remained true to their values of
using simple ingredients, clean conditions, and causing minimal impact to the planet. That is
why the company has raised over $180 million in funds to put toward its pilot production
facility.

History of Memphis Meats

Memphis Meats is a biotechnology startup headquartered in Berkeley, Calif. aiming to bring

sustainable cell-based meat to market. The company was founded in 2015 by Uma Valeti,
Nicholas Genovese and Will Clem. Valeti is a trained cardiologist and spent several years as a
professor at the University of Minnesota and the Stanford University School of Medicine. In
2005, Valeti was led to the idea of cell-cultured meat after working with stem cells at the Mayo
Clinic.

Since the launch of this lab-grown startup, Memphis Meats has made headlines for its world-first
cell-based meatballs in 2016. The company achieved success again in 2017 when they released
the first-ever cultured chicken and duck dishes. From these milestones, the company has secured
investments from top companies like Cargill, Tyson Foods, SoftBank Group, Norwest and
Temasek.
Memphis Meats Vision and Mission Statement
Memphis Meats is committed to bringing delicious, healthy meat to your table by harvesting it
from cells instead of animals. We call it cell-cultured meat, and our goal is to transform how
food gets to the plate, while continuing to eat what we love. Same great taste, better for the
planet.

Conclusion

Memphis Meats is a successful startup company exploring the boundaries of cell-cultured meat.
Taking biopsies from animals to cultivate meat products is better for public health, livestock, and
the environment. Now that Memphis Meats has its own production facility, the company will be
able to mass produce cell-cultured products. Eventually, Memphis Meats will achieve its goal of
providing lab-grown meat to every table around the world.