RCS - Tekcapital plc - US Salt forms Strategic Partnership with MicroSalt

TekcapitalAnnouncement

06/02/2023 07:00

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RNS Number : 9421O  Tekcapital plc  06 February 2023

6 February 2023

Tekcapital Plc

("Tekcapital" or the "Group")

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

US Salt LLC forms strategic partnership with MicroSalt to provide

 full-flavour, low-sodium salt in bulk, take-home 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 entered into an
agreement with US Salt LLC ("US Salt") for the distribution and delivery of
MicroSalt's low-sodium solutions.

"We are proud to work with US Salt in their efforts to offer low-sodium
solutions to their customer base. US Salt as a leader in salt distribution,
offering lower sodium as an active option in its ingredient listing. Excess
sodium intake is one of the world's leading health concerns, and we believe
that partnerships like this are a great way to expand our efforts to address
the sodium reduction challenge." Said Rick Guiney, CEO of MicroSalt"

"US Salt is looking forward to working with MicroSalt® to help with our
low-sodium initiatives. Sodium is a worldwide concern in the food industry,
and we believe Rick and his team are the industry leaders that can help propel
our future growth." Said Bob Jordan, Vice President of Sales & Marketing
of US Salt LLC.

This partnership is expected to strengthen each companies' respective market
positions as leaders in the sodium reduction effort, through expanding the
customer base for MicroSalt and the product offerings for US Salt, with
healthy, lower sodium alternatives.

About US Salt LLC

US Salt, LLC is currently responsible for producing and distributing over 90%
of the private label, round can salt business in the United States. US Salt
currently produces and packs 26-ounce private label table salt, as well as a
complete portfolio of quality round can table salt items to meet all salt
seasoning needs. To learn more about US Salt, visit www.ussaltllc.com
(http://www.ussaltllc.com) .

 

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 U.S. Salt, 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 U.S. Salt, 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
U.S. Salt, MicroSalt or Tekcapital may vary materially from those described
explicitly or implicitly in the relevant forward-looking statement. Neither
U.S. Salt, 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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