RCS - Tekcapital plc - MicroSalt expands U.S. retail presence

TekcapitalAnnouncement

17/05/2023 07:17

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RNS Number : 6227Z  Tekcapital plc  17 May 2023

17 May 2023

Tekcapital Plc

("Tekcapital" or the "Group")

MicroSalt® expands the U.S. retail presence

of its low-sodium, full-flavor products

 

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 provide a commercial update from Microsalt
Ltd ("Microsalt").

MicroSalt Ltd continues with its successful sales expansion of both its
SaltMe! crisps and MicroSalt saltshakers with new placements in over 400
additional U.S. retail stores including Brookshire Brothers
(https://www.brookshirebrothers.com/) , Pete's Fresh Market
(https://www.petesfresh.com/) , Heinen's (https://www.heinens.com/) , Dick's
Fresh Market (https://www.dicksfreshmarket.com/about-us) , Zerbos
(https://www.zerbos.com/) , Better Health Market
(https://betterhealthmarket.com/) , Tdych's Marketplace
(https://www.shoptadychs.com/) , Associated Supermarkets
(https://www.shopassociated.com/) and a number of other natural independent
retailers across the country.

"We are proud of our efforts thus far to build product distribution as it
underscores the retail need for full flavor, low-sodium products. These
efforts are working in parallel with our efforts to provide low-sodium
products for private-labeled retail brands. Excess sodium consumption is one
of the leading contributors to hypertension, and partnerships like this are
the best way to provide consumers with great tasting products with less
sodium," said Rick Guiney, CEO of MicroSalt.

About MicroSalt

MicroSalt is dedicated to innovating food technology solutions that enable
people to live longer, healthier and happier lives. Its patented low-sodium
salt delivers natural salt with approximately 50% less sodium and may be used
by both consumers and food manufacturers who wish to decrease the amount of
sodium in their food. MicroSalt is 100% natural,  non-GMO, gluten free,
Kosher and contains no potassium chloride. To learn more about MicroSalt and
MicroSalt® products, please visit www.microsalt.co (http://www.microsalt.co)
.

 

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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