Tekcapital plc MicroSalt expands U.S. retail presence
17 May 2023 - 4:00PM
RNS Non-Regulatory
TIDMTEK
Tekcapital plc
17 May 2023
17 May 2023
Tekcapital Plc
("Tekcapital" or the "Group")
MicroSalt(R) expands the U.S. retail presence
of its low-sodium, full-flavor products
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").
MicroSalt Ltd continues with its successful sales expansion of
both its SaltMe! crisps and MicroSalt saltshakers with new
placements in over 400 additional U.S. retail stores including
Brookshire Brothers , Pete's Fresh Market , Heinen's , Dick's Fresh
Market , Zerbos , Better Health Market , Tdych's Marketplace ,
Associated Supermarkets and a number of other natural independent
retailers across the country.
"We are proud of our efforts thus far to build product
distribution as it underscores the retail need for full flavor,
low-sodium products. These efforts are working in parallel with our
efforts to provide low-sodium products for private-labeled retail
brands. Excess sodium consumption is one of the leading
contributors to hypertension, and partnerships like this are the
best way to provide consumers with great tasting products with less
sodium," said Rick Guiney, CEO of MicroSalt.
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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