TIDMTEK
Tekcapital plc
31 July 2023
31 July 2023
Tekcapital Plc
("Tekcapital" or the "Group")
MicroSalt(R) Receives Commercial Orders for its SaltMe!(R)
Crisps
from Leading Retail Chains in the Philippines
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 provide a commercial
update from Microsalt Ltd ("Microsalt").
Highlights:
-- MicroSalt demonstrates the global demand for premium
low-sodium snacks with two new partners based in the Philippines -
Healthy Options and S&R Membership Shopping.
-- Both partners have placed sizeable first orders and have made
encouraging expressions of interest for future orders
-- S&R Membership Shopping partnership presents the
opportunity for substantial penetration into the Philippines
through their diverse business.
MicroSalt Inc. has continued its successful sales expansion of
its SaltMe! brand of crisps with two new business partners in the
Philippines, the Heathy Options Chain and S&R Membership
Shopping stores. Both partners approached MicroSalt about its low
sodium products, have placed sizeable first orders and have
expressed a strong expectation of future orders.
Healthy Options has 33 brick and mortar stores and a successful
online business. They were formed in 1995 and specialize in premium
and health products. They are the largest all-natural products
store in Asia.
https://shop.healthyoptions.com.ph/pages/about-us
S&R Membership Shopping is a membership-based store chain
with 22 warehouse branches and 51 quick-serve restaurants. They
specialise in retailing imported premium products from all over the
world.
https://www.snrshopping.com/page/welcome-to-sr
Rick Guiney, CEO of MicroSalt(R), commented:
"We are proud of our partnership with both organizations and to
be able to expand our low sodium premium line of crisps to the
Philippine marketplace. Excess sodium consumption is one of the
leading contributors to hypertension, and partnerships like this
are the best way to provide consumers, regardless of their
location, with great tasting products with less sodium."
About MicroSalt
MicroSalt is dedicated to innovating food technology solutions
that enable people to live longer, healthier and happier lives. Its
patented low-sodium salt delivers natural salt with approximately
50% less sodium and may be used by both consumers and food
manufacturers who wish to decrease the amount of sodium in their
food. MicroSalt is 100% natural, non-GMO, gluten free, Kosher and
contains no potassium chloride. To learn more about MicroSalt and
MicroSalt(R) products, please visit www.microsalt.co .
Tekcapital owns 97% of the share capital of MicroSalt Ltd. and
6,034,683 shares (78%) 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
Tim Thompson/Andrea Seymour/Fergus Mellon
microsalt@flagstaffcomms.com +44 (0)207 129 1474
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 and/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 MicroSalt
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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