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Tasty numbers for Tekcapital as Salarius celebrates first order for MicroSalt

Tekcapital PLC’s (LON:TEK) shares soared in early deals today after its portfolio company, Salarius, secured the first commercial order for its low-sodium salt substitute MicroSalt. Executive Chairman Clifford Gross tells Proactive London how the timing of the deal couldn't be better as new rules about sodium comsumption have just come into play. He added that producers and consumers are waking up to the fact that flavour profiles on snacks using MicroSalt remain unchanged and that's the main game changer that will boost the 'healthy snack' food business.
The AIM-listed IP investor said the MicroSalt customer would incorporate the substitute into their snack food business, with the first order expected to be dispatched in May.

Quick facts: Tekcapital PLC

Price: 6.05 GBX

LSE:TEK
Market: LSE
Market Cap: £3.86 m
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Tekcapital PLC reports 'successful half year' with record revenue and profit

Tekcapital PLC's (LON:TEK) Clifford Gross tells Proactive London the six months to the end of May 2019's been a successful half-year for the business. The intellectual property (IP) group that specialises in commercialising university technology, saw its net assets increase by 27% to...

on 23/8/19

2 min read