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RNS Number : 7639K
Tekcapital plc
02 September 2019
 

 

 

2 September 2019

Tekcapital Plc

("Tekcapital", the "Company" or "the Group")

 

Portfolio Company Update

 

Salarius Progresses Commercial Outreach for MicroSalt® and

Receives trademark on SaltMe!® for its forthcoming snack foods line

 

Tekcapital Plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology, is pleased to announce that there are now eleven companies testing MicroSalt®, a low sodium salt developed by the Group's portfolio company Salarius for possible incorporation into their snack products.  Additionally, Salarius has received a registered trademark on SaltMe!® for its forthcoming full-flavour, low sodium snacks which it intends to launch in H1 2020.

  

To further accelerate commercial uptake and interest, Salarius will be attending two major food shows during the next 60 days; one of the biggest ingredients shows in the US: Supple Side West in Las Vegas and Natural Products Expo East in Baltimore.  

 

Victor Hugo Manzanilla, CEO of Salarius said: "We are very pleased with our go-to-market progress with MicroSalt®. Our first customer has placed their third order for MicroSalt® and we have significant prospective customer interest   We look forward to expanding our customer pipeline and will advise the market in due course with new customer engagements."

 

Dr Clifford Gross, Executive Chairman at Tekcapital, commented: "We are glad to see Salarius' continued efforts to expand its customer base and believe that MicroSalt® has the potential to empower consumers worldwide to enjoy full-flavour snacks with reduced sodium."

 

The low sodium ingredient market is estimated to reach US$1.76 billion by 2025 with a CAGR 11.7%1.  The highly competitive global savoury snacks market is expected to reach US$108 billion by 20212.

 

Tekcapital owns 97.5% of the share capital of Salarius ltd.

 

- Ends -

 

About Salarius ltd

Salarius, is the developer and manufacturer of a proprietary low sodium salt called MicroSalt®. Salarius is passionate about improving lives with healthier food and is taking the lead in the industry by providing the best low-sodium salt solution, based on the mechanical transformation of the salt particle itself.  This solution is the only one that delivers real salt flavour, because it is salt.  The technology produces salt crystals that are approximately one hundred times smaller than typical table salt, delivering a powerful saltiness as the micro-grains dissolve in the mouth, with approximately 50% less sodium consumption.  Additionally, the ultra-small particle size enhances product adhesion, which reduces waste and provides enhanced flavour consistency.  To learn more please visit https://salarius.co/.

 

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed intellectual properties and provides a range of IP investment services to make it easy for organisations to commercialise university-developed technology. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK.  For more information, please visit www.tekcapital.com

 

 

 

For further information, please contact:

 

Tekcapital Plc 


Via Yellow Jersey PR 

Clifford M. Gross, Ph.D. 






finnCap Ltd (Nominated Adviser and Joint Broker)


+44 (0) 20 7220 0500 

Geoff Nash/ Max Bullen-Smith (Corporate Finance)



Camille Gochez (ECM) 



Novum Securities Limited (Joint Broker) 


+44 (0) 20 7399 9427

Colin Rowbury (Corporate Broking) 






Yellow Jersey Limited


+44 (0) 20 7933 8780 

Sarah Hollins/ Annabel Atkins 


[email protected] 

 

This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Tekcapital or Salarius that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Tekcapital and or Salarius' management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Salarius may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Neither Tekcapital nor Salarius intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

 

 

 

 

References

1-https://www.futuremarketinsights.com/reports/sodium-reduction-ingredient-market

2- https://zmrindustryjournal.us/8402/savory-snacks-market-size-share-expanding-across-the-globe-by-2016-2024/

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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