RCS - Tekcapital plc - MicroSalt Expands Low Sodium Shakers Distribution

TekcapitalAnnouncement

27/02/2023 07:00

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RNS Number : 0617R  Tekcapital plc  27 February 2023

27 February 2023

Tekcapital Plc

("Tekcapital" or the "Group")

Portfolio Company Update: MicroSalt, Ltd. ("MicroSalt")

MicroSalt® Expands Distribution of its Low Sodium Shakers

 

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 MicroSalt has today announced that
both sizes of its new line of low sodium salt shakers are now available
through UNFI and KeHE Foods, two of the U.S.'s largest retail food
distributors.

United Natural Foods, Inc. (https://www.unfi.com/about-us) (NYSE: UNFI) is the
largest publicly traded wholesale distributor delivering healthier food
options to people throughout the United States and Canada.

 

KeHE Distributors (https://www.kehe.com/) is one of the nation's top wholesale
food distributors with 16 distribution centers across North America. KeHe
partners with grocery stores, supermarkets, natural retailers, online
eCommerce drop shippers to access a curated assortment of innovative products
via a one-truck delivery.

 

Additionally, as a result of its recent trade show attendance, MicroSalt has
received orders from Pete Markets (https://www.petesfresh.com/our-company) in
Illinois and Busch's Market (https://www.buschs.com/whatisbuschs) in Michigan
for the new MicroSalt low sodium salt shakers. Delivery will be executed
through KeHE Foods.

 

Pete's Market currently has 17 upscale stores in Chicago and its suburbs and
Busch has 16 stores in southeastern Michigan with headquarters in Ann Arbor.

 

 

"Excess sodium intake is one of the world's greatest health concerns, and
partnerships like these are the best way to make a difference in our efforts
to address the sodium challenge. We are proud to have our shakers available at
both UNFI and KeHe and truly believe that working together we can make a
difference." Said Rick Guiney, CEO of MicroSalt®"

 

To learn more about Pete Market visit: https://www.petesfresh.com/our-company
(https://www.petesfresh.com/our-company)

To learn more about Busch's Market visit: https://www.buschs.com/whatisbuschs
(https://www.buschs.com/whatisbuschs)

 

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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