REG - MicroSalt PLC Tekcapital plc - Intellectual Property Update

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06/03/2024 07:00

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RNS Number : 7248F  MicroSalt PLC  06 March 2024

 

6 March 2024

MicroSalt plc

("MicroSalt" or the "Company")

 

Intellectual Property ("IP") Update

 

MicroSalt plc, (AIM: SALT) a company producing full-flavour, low-sodium salt
for food manufacturers and consumers, is pleased to announce that it has
received a Notice of Allowance from the United States Patent and Trademark
Office for Patent Application No. 18/175,028.

 

The Patent Application entitled Low Sodium Salt Composition, concerns the
production of MicroSalt, a low-sodium salt that adheres better to foods than a
traditional salt (which is not adhered to a carrier particle).

 

Receipt of a Notice of Allowance indicates that the claims in the patent
application are patentable. MicroSalt expect the patent will be granted upon
completion of certain administrative matters in short course. Once granted,
the patent is expected to expire in 2039.

 

This Notice of Allowance relates to one of the 14 pending patent applications
described in the Company's admission document dated 27 January 2024. MicroSalt
also has counterpart patent applications with claims directed to similar
subject matter as the Patent Application 18/175,028 pending in countries
including China, Chile, Australia, Brazil, Europe, Canada, Japan, Russia,
Mexico, India and Hong Kong.

 

MicroSalt also owns a previously issued United States patent directed to its
salt carrier product and production processes, and a United States provisional
patent application directed to additional innovations.

 

Rick Guiney, CEO of Microsalt, said:

 

"This Notice of Allowance further strengthens our IP position in the global
low sodium market whilst providing additional evidence of our thought
leadership position in the battle to lower sodium consumption worldwide."

 

 For more information, please visit www.microsaltinc.co
(http://www.microsaltinc.co) , follow on X @microSaltPLC or contact:

 

 MicroSalt plc                                                                                            Via Flagstaff
 Rick Guiney, CEO

 Zeus (Nominated Adviser and                                                         +44 (0)20 3829 5000
 Broker)

 David Foreman / James Edis (Investment Banking)

 Dom King (Corporate Broking), Rupert Woolfenden (Sales)

 Flagstaff PR (Financial IR/FPR)                                                                          +44 (0)20 7129 1474
 Tim Thompson / Alison Allfrey / Anna Probert

 microsalt@flagstaffcomms.com

 

 

Notes to Editors

 

MicroSalt® produces a patented full-flavour, low-sodium salt for food
manufacturers and consumers.

 

MicroSalt is a major potential disruptor in the food market, thanks to its
micron sized particles which deliver the same sense of saltiness to a wide
range of foods but with approximately 50% less sodium. Excess sodium
consumption is a significant contributor to cardiovascular disease and
MicroSalt's solution meets the rising demand for healthier alternatives to
traditional salt. The WHO has set a target for reducing global sodium intake
by 30% by 2025, which it estimates will save 7 million lives by 2030.

 

Each year, cardiovascular disease costs the UK £19 billion - if the average
salt intake was reduced by one gram per day, it has been estimated that 4,147
lives and £288 million would be saved each year in the UK. As a nation, the
UK consumes 183 million kilograms of salt each year, and 70% of the typical
person's sodium intake is hidden in processed foods.

 

Operational since 2018, MicroSalt uses a patent-protected technology which
helps create high barriers to entry within the reduced-sodium salt market.

 

The Directors believe that MicroSalt is well positioned to capture growth in
the low sodium market, which is expected to grow exponentially, and that there
is also scope to enter the larger salt market.

 

ENDS

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