RCS - Tekcapital plc - MicroSalt placement SaltMe! Crisps in MR Williams

TekcapitalAnnouncement

01/11/2023 07:15

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RNS Number : 9481R  Tekcapital plc  01 November 2023

1 November 2023

Tekcapital plc

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

Portfolio Company Update

 

MicroSalt® gains placement of its SaltMe! low sodium crisps

in MR Williams Inc. ("MR Williams")

 

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 the placement of all four flavours of its SaltMe! Crisps
with MR Williams in Henderson, North Carolina.

 

"We are very excited about the placement of our SaltMe! low sodium crisps with
MR Williams. This introduces our low sodium crisps to the energised C-Store
market segment. MR Williams is a distributor known for its well articulated
alignment between retailers and vendors to maximise performance.

 

Excess sodium consumption is one of the leading contributors to hypertension
and heart disease. Placements like this are the best way to provide consumers
with great tasting, healthy products with less sodium," said Rick Guiney, CEO
of MicroSalt®.

 

About MR Williams

MR Williams has been in business for 40 years selling products and service to
the convenience store industry. Their coverage includes North Carolina, South
Carolina, and surrounding states up to Delaware and down to Georgia. They
stock over 4,000 food service items regularly and recently completed an 85,000
square foot addition to their dry warehouse, and 8,000 square foot addition to
their freezer/cool dock to support the growing demand of foodservice clients.
For more information: https://mrwilliams.com/about/
(https://mrwilliams.com/about/)

 

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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