RCS - Tekcapital plc - Portfolio Company Update - MicroSalt

TekcapitalAnnouncement

09/12/2024 07:00

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RNS Number : 2333P  Tekcapital plc  09 December 2024

9 Dec. 2024

Tekcapital Plc

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

MicroSalt® and Hippie Snacks Ink Supply Agreement

 

Tekcapital Plc (AIM: TEK) the UK intellectual property investment group
focused on creating valuable products that can improve people's lives, is
delighted to announce that MicroSalt® plc ("Microsalt") a leading provider of
full-flavour, natural salt with approximately 50% less sodium, has announced a
supply agreement, along with an initial order, with Hippie Snacks, a Canadian
company focusing on minimally processed, clean label food products.

 

Rick Guiney, CEO of MicroSalt, said: "We are very excited about the
partnership with Hippe Snacks. They are a well-regarded, widely distributed
family of products that has a mission that resonates with ours - to provide
healthier food for everyone. Their distribution encompasses an active
ecommerce business including Amazon and Thrive as well as brick & mortar
Tier-1 locations such as Target stores across numerous markets. We are rolling
out with an initial item in Q1 of 2025 and expect to expand to as many as 8
different SKU's during the next 12-24 months in both Canada and the US."

 

Almond Crisps, one of the many varieties of Hippie snacks.

Image courtesy of Hippie Snacks

 

About Hippie Snacks

Hippie Snacks is a better-for-you snack brand which started business selling
organic tortilla chips, before expanding across a number of popular
plant-based crisps. Based in Burnaby, British Columbia, Hippie Snacks is more
than just a plant-based snack company - it is one of Canada's founding
Certified B corporations. This vegan-friendly company is committed to
selecting high-quality, non-GMO, and whole-food ingredients from local farmers
and growers who support sustainable business practices. Hippie Snacks is known
for creating ethical and responsible snacks through thoughtful ingredient
sourcing and mindful waste reduction. For more information, please visit
https://www.hippiesnacks.com/ (https://www.hippiesnacks.com/) .

 

About MicroSalt plc

MicroSalt® is the developer and manufacturer of a leading proprietary
low-sodium salt called MicroSalt®. We are passionate about improving peoples'
lives with better-for-you seasonings and snacks by providing the best
low-sodium salt solution, based on the mechanical transformation of the salt
particle itself. MicroSalt® has patents issued in the U.S. and pending
applications in China, Chile, Australia, Brazil, Europe, Canada, Japan,
Russia, Mexico, India and Hong Kong. MicroSalt® and SaltMe® are registered
trademarks of MicroSalt Inc. For more information, please visit
www.microsaltinc.co (http://www.microsaltinc.co) or follow on X @MicroSaltPLC.

 

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed
discoveries that can enhance people's lives. 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

 

Tekcapital currently owns 33,305,749 shares of MicroSalt plc.

 

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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