Tekcapital plc Salarius Secures New Order for MicroSalt® (0951D)
24 Juin 2019 - 8:00AM
UK Regulatory
TIDMTEK
RNS Number : 0951D
Tekcapital plc
24 June 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.
24 June 2019
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update:
Salarius Secures New Order for MicroSalt(R)
Tekcapital Plc (AIM: TEK), the UK intellectual property (IP)
investment group focused on creating marketplace value from
investing in university technology, is very pleased to announce
that its portfolio company Salarius ltd. has secured &
delivered a new order for MicroSalt(R) from a Mexican seafood
company for use in their dried shrimp snacks.
MicroSalt(R) is a proprietary salt made with micron-size salt
particles that dissolve in the mouth significantly faster than
regular salt, delivering an increased sensation of saltiness with
much less salt, and as a result approximately 50% less sodium.
"Consumer demand for better for you snack options continues to
drive marketplace adoption of low sodium snacks. Snacks made with
MicroSalt(R) will help consumers reduce sodium consumption while
providing the great salty taste they enjoy. MicroSalt(R) is non-GMO
and all natural. Salarius is in discussions with numerous snack
food companies who are evaluating MicroSalt(R) for possible
inclusion in their products, and we will update the market in due
course," said Victor Hugo Manzanilla, CEO of Salarius.
High blood pressure is a key risk factor for developing heart
disease. Consistent with this, a new report from the National
Academies of Sciences, Engineering, and Medicine has recommended
significantly reduced sodium consumption guidelines(1) . Salarius'
MicroSalt(R) can empower food companies and consumers to meet these
new guidelines.
Market Information
The highly competitive global savory snacks market is expected
to reach US$108 billion by 2021(2) . The low sodium ingredient
market is estimated to reach US$1.76 billion by 2025 with a CAGR
11.7%(3) . "Both markets could immediately benefit from the
availability of MicroSalt(R). Additionally, the smaller crystals
provide better adhesion to the food surface. This reduces the
amount of salt that falls off products during transport and
display, thus reducing waste and helping to ensure a consistent
flavor profile," says Manzanilla.
Dr Clifford Gross, Executive Chairman at Tekcapital, commented:
"We are delighted with Salarius' continued progress. MicroSalt(R)
has the potential to help companies and consumers worldwide enjoy
full-flavour snacks with reduced sodium."
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. MicroSalt(R)
is a registered trademark of Salarius Ltd.
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
Tim Thompson / Annabel Atkins tekcapital@yellowjerseypr.com
References
(1)
http://www8.nationalacademies.org/onpinews/newsitem.aspx?RecordID=25353
(2)
https://www.futuremarketinsights.com/reports/sodium-reduction-ingredient-market
(3)
https://zmrindustryjournal.us/8402/savory-snacks-market-size-share-expanding-across-the-globe-by-2016-2024/
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 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 Salarius' 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 Salarius and or Tekcapital
may vary materially from those described explicitly or implicitly
in the relevant forward-looking statement. Neither Salarius nor
Tekcapital intends, or assumes any obligation, to update or revise
these forward-looking statements in light of developments which
differ from those anticipated.
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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