Tekcapital plc Portfolio Company Update (9988P)
16 Octubre 2019 - 1:00AM
UK Regulatory
TIDMTEK
RNS Number : 9988P
Tekcapital plc
16 October 2019
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
16 October 2019
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update:
Salarius Receives Go-Ahead from an Additional Snack Food Company
for Full-scale Production Run
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
portfolio company Salarius ltd. ("Salarius") has reached an
agreement with a new customer, a diversified snack food
manufacturing company, to include Salarius' patented MicroSalt(R)in
its production run of its snack food brand.
Victor Hugo Manzanilla, CEO of Salarius said: "We are very
excited with this new customer collaboration. The snack food market
is highly competitive, with snack food manufacturers competing for
shelf space with competitor brands at small, mid-size and large
leading retailers. One way these snack food manufacturers are
differentiating themselves in such a crowded market is by having a
heathier alternative version of their most popular brands, and they
are learning they can do this with MicroSalt(R) without sacrificing
the taste of their products."
Dr Clifford Gross, Executive Chairman at Tekcapital, commented:
"We are glad to see Salarius' continued market traction as it
expands its customer base and believe that MicroSalt(R) has the
potential to empower consumers worldwide to enjoy full-flavour
snacks with reduced sodium."
Salarius is exhibiting at SupplySide West (Booth #4982), a major
food industry tradeshow being held at the Mandalay Bay in Las
Vegas, Nevada from 15-19 October 2019. SupplySide West is attended
by over 17,000 food industry decision makers and buyers looking to
fuel their product innovations with the latest and most innovative
food ingredients and solutions in the market.
Market Information
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 savory snacks market is expected to reach US$108 billion by
2021(2) .
Tekcapital owns 97.5% of the share capital of Salarius ltd.
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 flavor, 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 flavor
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
LEI: 213800GOJTOV19FIFZ85
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 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 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. Salarius neither 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/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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