RCS - Tekcapital plc - MicroSalt expand Placement Low Sodium Salt Shakers

TekcapitalAnnouncement

09/01/2024 07:00

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RNS Number : 0168Z  Tekcapital plc  09 January 2024

9 January 2024

Tekcapital Plc

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

MicroSalt® expands placement of its Low Sodium Salt Shakers

in the UK with Amazon and Reliable Express

 

Tekcapital Plc (AIM: TEK) the UK intellectual property investment group
focused on creating valuable products that can improve people's lives, is
pleased to announce that MicroSalt Inc continues the successful expansion of
its low sodium solutions with the introduction of MicroSalt shakers on Amazon
UK.

 

To facilitate this regional expansion, local distribution within the UK has
been established with Reliable Express (https://www.regionalexpress.co.uk/) in
Southampton. This also includes storage and distribution of our bulk packed
products to meet the B2B market demand in the food distribution and
manufacturing channels within the UK and EU markets.

 

"Inclusion of our low sodium solutions on the Amazon shopping platform is key
to our efforts to make MicroSalt readily available to meet the demand of our
B2C customers.  Additionally, our partnership with Reliable Express in the UK
is a vital piece of our growing distribution network as it will allow us to
reliably and efficiently service food manufacturing channels in both the UK
and EU. Excess sodium consumption is one of the leading contributors to
hypertension and heart disease. Now MicroSalt will be available to help
consumers in the UK and Europe enjoy great tasting, healthy products with less
sodium," said Rick Guiney, CEO of MicroSalt®.

 

MicroSalt continues to make on-boarding progress with several large UK food
companies for inclusion of Microsalt® as an ingredient in their products. We
will provide future updates in due course.

 

About MicroSalt® plc

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 flavour consistency. MicroSalt® and
SaltMe® are registered trademarks of MicroSalt Inc.

 

To learn more about MicroSalt please visit https://www.microsalt.co
(https://www.microsalt.co)

 

Tekcapital owns approximately 87% of the share capital of MicroSalt plc and
92% 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                                                                                             +44 (0) 20 3470 0470
 LLP
 (Nominated Adviser and Broker)
 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

 

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 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's 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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