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#TEK TekCapital PLC – MicroSalt Operational Update
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 an operationalupdate from Microsalt Ltd (“Microsalt”).
B2C Progress;
· SaltMe Crisps continue to be sold throughout the Kroger group. SaltMe Crisps are currently stocked in Kroger stores with efforts continuing to secure new store placements.
• As announced on 13 March 2023, Hanahreum Group (“H Mart”), one of the fastest growing retailers in United States has agreed to carry MicroSalt’s SaltMe® branded crisps.
• Since launching in September 2022, MicroSalt Shakers are currently stocked in over 500 stores.
• AS announced on 06 February 2023, MicroSalt is currently working with US Salt LLC for in store sales of products across the US Salt system. US Salt LLC is a leading direct supplier of canister salt to the US retail industry.
E-commerce progress;
• First e-commerce sales of MicroSalt Shakers have been encouraging.
• E-commerce sales of SaltMe Crisps have also been increasing.
• Microsalt is preparing to launch its fourth flavour in a 1 oz size to compliment the current product offering and to create a better variety pack.
Medical Outreach campaign progress;
• Direct outreach with free 1 oz shakers samples for the medical community.
• Launched direct marketing campaign for shakers in March 2023 in partnership with the National Pancreas Foundation which includes access to approximately 100,000 medical professionals and 170 hospitals.
B2B progress:
· Successfully completed comprehensive testing of Microsalt with several major food companies. MicroSalt is at varying stages of progress with these company’s respective tasting, procurement, marketing and packaging departments and will keep the market informed of further developments.
About MicroSalt, Ltd
MicroSalt, is the developer and manufacturer of a proprietary low-sodium salt called MicroSalt®. 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 flavour consistency. MicroSalt® and SaltMe® 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:
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Tekcapital Plc |
Via Flagstaff IR |
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Clifford M. Gross, Ph.D. |
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
+44 (0) 20 3470 0470 |
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Richard Morrison / Charlie Bouverat (Corporate Finance) Rob Rees (Corporate Broking)
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Flagstaff Strategic and Investor Communications Tim Thompson/Andrea Seymour/Fergus Mellon
|
+44 (0)207 129 1474 |
#TEK Tek Capital PLC – H Mart Partners with MicroSalt
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 Hanahreum Group (“H Mart”), one of the fastest growing retailers in United States has agreed to carry MicroSalt’s SaltMe® branded crisps.
H Mart is recognised as one of the fastest growing retailers by the National Retail and Supermarket News and has listed H Mart as one of the Top 50 Small Chains and Independents in the United States & Canada.
MicroSalt® provides a much-needed option that allows food manufacturers and consumers to cut the sodium content of their food without impacting the flavor. With 31% of adults worldwide suffering from high blood pressure and other cardiovascular diseases – pressure is mounting around the globe to lower the sodium content in prepared and packaged foods as well as in the home.
“There are tens of millions of health-conscious Americans, including those suffering from high blood pressure and other cardiovascular diseases who would certainly enjoy the full saltiness of SaltMe! potato chips with approximately half the sodium found in traditional potato chips,” said MicroSalt’s CEO Rick Guiney.
About H Mart
H Mart is the largest Asian supermarket chain in America. Starting in 1982 with a single store in Woodside, Queens, H Mart has grown to include more than 97 stores across the United States. H Mart is one of America’s premier Asian food destinations and provides groceries and everyday essential needs as well as upscale products. H Mart offers a full line of Asian foods as well as a broad range of Western groceries to complement its full scale offering to that of a traditional supermarket. H Mart is also known for its innovative new food halls which are an extension of over 30 years of providing eateries in its stores. To learn more about H Mart please visit https://www.hmart.com/.
About MicroSalt, Ltd
MicroSalt, is the developer and manufacturer of a proprietary low-sodium salt called MicroSalt®. 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® and SaltMe® 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
|
+44 (0)207 129 1474 |
#TEK Tek Capital PLC investee co. Microsalt Ltd- MicroSalt Expands Low Sodium Shakers Distribution
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®”
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®. 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® and SaltMe® 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
|
+44 (0)207 129 1474 |