TIDMTEK
RNS Number : 5484E
Tekcapital plc
31 October 2022
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
31 October 2022
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update: MicroSalt, Ltd. ("MicroSalt")
Judith Batchelar OBE appointed to the board of directors of
MicroSalt Inc.
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 Judith
Batchelar OBE has joined the board of MicroSalt.
Judith currently serves as Deputy Chair of the U.K. Environment
Agency, sits on UK Research and Innovation's Natural Environment
Research Council and is a Trustee of the Royal Botanic Gardens Kew.
She has worked in the food and drink industry for over 35 years.
From 2004 to 2021, she worked for Sainsbury's as Director of
Sainsbury's Brand with responsibility for all aspects of
Sainsbury's product offer.
Prior to Sainsbury's, Judith held a similar role at Safeway,
spent twelve years in the Food Division at Marks & Spencer, and
prior to this worked in manufacturing for Mars and Bass.
Judith is a biochemist and a nutritionist, has an Honorary
Doctorate in Agriculture from Harper Adams University, and is a
Fellow of the Institute of Food Science and Technology (IFST), and
the Royal Society of Arts and Manufactures (RSA).
Judith was awarded an OBE in 2015 for services to Farming and
the Food Industry, and serves on the Food, Farming and Countryside
Commission.
"We are very excited to have Judith join our team. Her deep
industry experience in improving the nutritional profile of foods
will be enormously helpful with our go-to-market efforts in the
U.K.," said Rick Guiney, CEO of MicroSalt(R).
Commenting on her appointment Judith Batchelar said, "I'm really
excited to join the board of MicroSalt, I am passionate about their
mission to help combat cardiovascular disease by reducing sodium
levels in the foods we eat, and I know we can make a difference.
"
About MicroSalt(R)
MicroSalt, is the developer and manufacturer of a proprietary
low-sodium salt called MicroSalt(R). 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(R) and SaltMe(R) are
registered trademarks of MicroSalt Inc.
To learn more about MicroSalt please visit
https://www.microsaltinc.com
Tekcapital owns 97.2% of the share capital of MicroSalt Ltd. and
73% 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 .
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
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 MicroSalt 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 MicroSalt's 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 MicroSalt or
Tekcapital may vary materially from those described explicitly or
implicitly in the relevant forward-looking statement. Neither
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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END
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