RCS - Tekcapital plc - H Mart Partners with MicroSalt

TekcapitalAnnouncement

13/03/2023 07:15

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RNS Number : 6581S  Tekcapital plc  13 March 2023

13 March 2023

Tekcapital Plc

("Tekcapital" or the "Group")

 

Portfolio Company Update: MicroSalt Ltd ("MicroSalt")

H Mart Partners with MicroSalt® to Deliver Low-Sodium Snacks for its
Consumers

Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF) the UK intellectual property
investment group focused on creating valuable products that can improve
people's lives, is pleased to announce that Hanahreum Group ("H Mart"), one of
the fastest growing retailers in United States has agreed to carry MicroSalt's
SaltMe® branded crisps.

H Mart (https://www.hmart.com/about-us) is recognised as one of the fastest
growing retailers by the National Retail and Supermarket News and has listed H
Mart as one of the Top 50 Small Chains and Independents in the United States
& Canada.

MicroSalt® provides a much-needed option that allows food manufacturers and
consumers to cut the sodium content of their food without impacting the
flavor. With 31% of adults worldwide suffering from high blood pressure and
other cardiovascular diseases - pressure is mounting around the globe to lower
the sodium content in prepared and packaged foods as well as in the home.

"There are tens of millions of health-conscious Americans, including those
suffering from high blood pressure and other cardiovascular diseases who would
certainly enjoy the full saltiness of SaltMe! potato chips with approximately
half the sodium found in traditional potato chips," said MicroSalt's CEO Rick
Guiney.

About H Mart

H Mart is the largest Asian supermarket chain in America. Starting in 1982
with a single store in Woodside, Queens, H Mart has grown to include more than
97 stores across the United States.  H Mart is one of America's premier Asian
food destinations and provides groceries and everyday essential needs as well
as upscale products.  H Mart offers a full line of Asian foods as well as a
broad range of Western groceries to complement its full scale offering to that
of a traditional supermarket.  H Mart is also known for its innovative new
food halls which are an extension of over 30 years of providing eateries in
its stores. To learn more about H Mart please visit https://www.hmart.com/
(https://www.hmart.com/) .

 

About MicroSalt, Ltd

MicroSalt, is the developer and manufacturer of a proprietary low-sodium salt
called MicroSalt®. We are passionate about improving peoples lives with
better-for-you seasonings and snacks by 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. Our new patented 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 improved flavor consistency. MicroSalt® and
SaltMe® are registered trademarks of MicroSalt Inc. To learn more about
MicroSalt please visit www.microsaltinc.com (http://www.microsaltinc.com) .

To learn more about SaltMe! snacks please visit www.saltme.com
(http://www.saltme.com/)

 

Tekcapital owns 97% of the share capital of MicroSalt Ltd and 6,034,683 shares
(78%) of MicroSalt Inc., its U.S. subsidiary.

 

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed
discoveries that can enhance people's lives and provides a range of technology
transfer services to help organisations evaluate and commercialise new
technologies. Tekcapital is quoted on the AIM Market of the London Stock
Exchange (AIM: symbol TEK) and is headquartered in the UK. For more
information, please visit www.tekcapital.com (http://www.tekcapital.com/) .

 

LEI: 213800GOJTOV19FIFZ85

For further information, please contact:

 Tekcapital Plc                                                          Via Flagstaff IR
 Clifford M. Gross, Ph.D.

 SP Angel Corporate Finance LLP (Nominated Adviser and Broker)          +44 (0) 20 3470 0470
 Richard Morrison / Charlie Bouverat (Corporate Finance)

 Rob Rees (Corporate Broking)

 Flagstaff Strategic and Investor Communications                        +44 (0)207 129 1474

 Tim Thompson/Andrea Seymour/Fergus Mellon

 microsalt@flagstaffcomms.com (mailto:microsalt@flagstaffcomms.com)

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 MicroSalt and/or Tekcapital 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 MicroSalt and/or Tekcapital's
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 MicroSalt or
Tekcapital may vary materially from those described explicitly or implicitly
in the relevant forward-looking statement. Neither MicroSalt nor Tekcapital
intends, nor assumes any obligation, to update or revise these forward-looking
statements in light of developments which differ from those anticipated.

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