RCS - Tekcapital plc - MicroSalt Partnership with Weijohn Farms Group

TekcapitalAnnouncement

19/09/2023 07:00

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RNS Number : 8303M  Tekcapital plc  19 September 2023

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19 September 2023

Tekcapital Plc

("Tekcapital")

 

MicroSalt® Launches Partnership with Weijohn Farms Group

To Provide its Full Flavor Low-Sodium Salt

 

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 its portfolio company Microsalt Ltd ("Microsalt")
has announced a partnership with Weijohn Farms Group, a multi-faceted
organization that includes Sorbatto Fresh and Washington Organic Hazelnuts.
Weijohn Farms Group will be using MicroSalt on its Sorbatto Fresh line of
hazelnuts.

"The integration of MicroSalt into our salted product lines has been
beneficial on multiple fronts. Not only does it offer our consumers a
low-sodium yet flavorful option, but from an operational standpoint, MicroSalt
has proven its ability to improve product adherence and general housekeeping,"
said Jeff Weijohn, owner of the Weijohn Farms Group.

Sorbatto Fresh hazelnuts. Photo courtesy https://www.sorbattofresh.com/
(https://www.sorbattofresh.com/)

 

Rick Guiney, CEO of MicroSalt®, commented:

"We are very excited about our partnership with the Weijohn Farms Group and
their Sorbatto Fresh brand. Excess sodium consumption is one of the leading
contributors to hypertension and heart disease.  Partnerships like this are
the best way to provide consumers with great tasting, healthy products with
less sodium."

Market Size

The North American hazelnut market was US$ 1.8 billion in 2022 and is
projected to grow to US$ 3.2 billion by 2030 with a CAGR of 7.6% 1  (#_ftn1) .
The expanding health benefits of eating hazelnuts are predicted to fuel
substantial demand over the forecast period. Hazelnuts are regarded as a rich
source of vitamins B, E, and K and are known for providing good lipids,
proteins, and minerals. Furthermore, hazelnuts may help lower cholesterol
levels. As a result, they are popular amongst health-conscious adults.

 

About Weijohn Farms Group & Sorbatto Fresh

The Weijohn Family has a rich farming history, spanning four generations in
the Yakima Valley and has played an instrumental role in pioneering the
hazelnut industry in Eastern Washington. Among other health benefits,
hazelnuts contribute to increased oxidative capacity and reduced blood lipid
levels, thereby helping to mitigate the risk of heart disease. Additionally,
they are shown to help normalize blood pressure. To learn more about the
Sorbatto Fresh brand please visit https://www.sorbattofresh.com/
(https://www.sorbattofresh.com/)

 

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.

 1  (#_ftnref1)
https://www.databridgemarketresearch.com/reports/north-america-hazelnut-market
(https://www.databridgemarketresearch.com/reports/north-america-hazelnut-market)

 

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