TIDMTEK
Tekcapital plc
21 December 2022
21 December 2022
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update:
Hannaford Brothers Partners with MicroSalt(R)
to Provide Low-Sodium Solutions for Consumers
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
Hannaford Brothers one of the most respected food retailers in the
north-eastern United States has agreed to stock both sizes of
MicroSalt's new table-top shakers.
MicroSalt(R) provides a much-needed option that allows food
manufacturers and consumers to slash the sodium content of their
food without impacting the flavour. With 31% of adults worldwide
suffering from high blood pressure and other cardiovascular
diseases - and with efforts mounting around the globe to lower the
sodium content in prepared and packaged foods - MicroSalt(R) is
offering a truly timely solution.
"We are extremely excited that Hannaford Brothers has joined
with us to provide low sodium solutions to its customers. This is a
tremendous step in our march toward reducing excess sodium in the
average diet. Our take-home shakers will let people salt their food
to taste without excess sodium," said Rick Guiney, CEO of
MicroSalt(R).
About Hannaford Supermarkets
Hannaford Supermarkets operates 185 stores in the Northeast,
most with full-service pharmacies. Stores are located in Maine, New
York, Massachusetts, New Hampshire, and Vermont. All are committed
to offering great fresh food, convenient experiences and everyday
low prices. Hannaford also is an active and committed community
partner-focusing on fighting hunger, supporting youth development,
and helping people live healthier lives. Hannaford is an industry
leader in sustainability with a strong commitment to reducing waste
and protecting the environment. Hannaford diverts or donates all
food at risk of going to waste-sending no food to landfills. In
2020, Hannaford donated more than 25 million pounds of food to
hunger relief organizations and prevented 65 million pounds of food
waste from reaching landfills. Hannaford employs nearly 30,000
associates and is based in Scarborough, Maine. Additional
information can be found at www.hannaford.com .
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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