Tekcapital plc Portfolio Company Update
02 Septiembre 2019 - 1:00AM
RNS Non-Regulatory
TIDMTEK
Tekcapital plc
02 September 2019
2 September 2019
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update
Salarius Progresses Commercial Outreach for MicroSalt(R) and
Receives trademark on SaltMe!(R) for its forthcoming snack foods
line
Tekcapital Plc (AIM: TEK), the UK intellectual property (IP)
investment group focused on creating marketplace value from
investing in university technology, is pleased to announce that
there are now eleven companies testing MicroSalt(R), a low sodium
salt developed by the Group's portfolio company Salarius for
possible incorporation into their snack products. Additionally,
Salarius has received a registered trademark on SaltMe!(R) for its
forthcoming full-flavour, low sodium snacks which it intends to
launch in H1 2020.
To further accelerate commercial uptake and interest, Salarius
will be attending two major food shows during the next 60 days; one
of the biggest ingredients shows in the US: Supple Side West in Las
Vegas and Natural Products Expo East in Baltimore.
Victor Hugo Manzanilla, CEO of Salarius said: "We are very
pleased with our go-to-market progress with MicroSalt(R). Our first
customer has placed their third order for MicroSalt(R) and we have
significant prospective customer interest We look forward to
expanding our customer pipeline and will advise the market in due
course with new customer engagements."
Dr Clifford Gross, Executive Chairman at Tekcapital, commented:
"We are glad to see Salarius' continued efforts to expand its
customer base and believe that MicroSalt(R) has the potential to
empower consumers worldwide to enjoy full-flavour snacks with
reduced sodium."
The low sodium ingredient market is estimated to reach US$1.76
billion by 2025 with a CAGR 11.7%(1) . The highly competitive
global savoury snacks market is expected to reach US$108 billion by
2021(2) .
Tekcapital owns 97.5% of the share capital of Salarius ltd.
- Ends -
About Salarius ltd
Salarius, is the developer and manufacturer of a proprietary low
sodium salt called MicroSalt(R). Salarius is passionate about
improving lives with healthier food and is 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. The 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 enhanced flavour
consistency. To learn more please visit https://salarius.co/.
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed intellectual properties and provides a range
of IP investment services to make it easy for organisations to
commercialise university-developed technology. Tekcapital is quoted
on the AIM market of the London Stock Exchange (AIM: symbol TEK)
and is headquartered in Oxford, in the UK. For more information,
please visit www.tekcapital.com
For further information, please contact:
Tekcapital Plc Via Yellow Jersey PR
Clifford M. Gross, Ph.D.
finnCap Ltd (Nominated Adviser and Joint
Broker) +44 (0) 20 7220 0500
Geoff Nash/ Max Bullen-Smith (Corporate
Finance)
Camille Gochez (ECM)
Novum Securities Limited (Joint Broker) +44 (0) 20 7399 9427
Colin Rowbury (Corporate Broking)
Yellow Jersey Limited +44 (0) 20 7933 8780
Sarah Hollins/ Annabel Atkins tekcapital@yellowjerseypr.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 Tekcapital or Salarius 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 Tekcapital and or Salarius'
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 Salarius may vary
materially from those described explicitly or implicitly in the
relevant forward-looking statement. Neither Tekcapital nor Salarius
intends, nor assumes any obligation, to update or revise these
forward-looking statements in light of developments which differ
from those anticipated.
References
(1)
-https://www.futuremarketinsights.com/reports/sodium-reduction-ingredient-market
(2-)
https://zmrindustryjournal.us/8402/savory-snacks-market-size-share-expanding-across-the-globe-by-2016-2024/
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contact rns@lseg.com or visit www.rns.com.
END
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