TIDMTEK
Tekcapital plc
27 February 2023
27 February 2023
Tekcapital Plc
("Tekcapital" or the "Group")
Portfolio Company Update: MicroSalt, Ltd. ("MicroSalt")
MicroSalt(R) Expands Distribution of its Low Sodium Shakers
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
MicroSalt has today announced that both sizes of its new line of
low sodium salt shakers are now available through UNFI and KeHE
Foods, two of the U.S.'s largest retail food distributors.
United Natural Foods, Inc. (NYSE: UNFI) is the largest publicly
traded wholesale distributor delivering healthier food options to
people throughout the United States and Canada.
KeHE Distributors is one of the nation's top wholesale food
distributors with 16 distribution centers across North America.
KeHe partners with grocery stores, supermarkets, natural retailers,
online eCommerce drop shippers to access a curated assortment of
innovative products via a one-truck delivery .
Additionally, as a result of its recent trade show attendance,
MicroSalt has received orders from Pete Markets in Illinois and
Busch's Market in Michigan for the new MicroSalt low sodium salt
shakers. Delivery will be executed through KeHE Foods.
Pete's Market currently has 17 upscale stores in Chicago and its
suburbs and Busch has 16 stores in southeastern Michigan with
headquarters in Ann Arbor.
"Excess sodium intake is one of the world's greatest health
concerns, and partnerships like these are the best way to make a
difference in our efforts to address the sodium challenge. We are
proud to have our shakers available at both UNFI and KeHe and truly
believe that working together we can make a difference." Said Rick
Guiney, CEO of MicroSalt(R)"
To learn more about Pete Market visit:
https://www.petesfresh.com/our-company
To learn more about Busch's Market visit:
https://www.buschs.com/whatisbuschs
About MicroSalt, Ltd
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 www.microsaltinc.com
To learn more about SaltMe! snacks please visit www.saltme.com/
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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