Tekcapital plc Salarius confirms store roll out (2838H)
March 24 2020 - 2:00AM
UK Regulatory
TIDMTEK
RNS Number : 2838H
Tekcapital plc
24 March 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
24 March 2020
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update
Salarius confirms 71 store roll out for SaltMe!(R) sncks in May
2020
Tekcapital Plc (AIM: TEK), the UK intellectual property
investment group focused on creating marketplace value from
investing in university technology, is very pleased to announce
that portfolio company Salarius ltd., ("Salarius") has received an
order from its distribution partner to launch sales of its new
SaltMe!(R) full flavour-low sodium snacks in 71 stores in May
2020.
This action represents an important milestone for SaltMe!(R) new
low-sodium, full flavor potato crisp snack line, because thousands
of customers will be able to rapidly find and buy the new
chips.
"We are very excited to execute this program that will put this
new and fantastic brand in front of thousands of consumers quickly.
In a world where taste is everything, we feel optimistic that
SaltMe!(R) snacks will engender strong loyalty and repurchase from
our new customers." says Victor Hugo Manzanilla, CEO of
Salarius.
The highly competitive global savory snacks market is expected
to reach US$108 billion by 2021. SaltMe! Snacks with MicroSalt(R)
is a better-for-you snack food whose time has come.
SaltMe!(R) all natural potato crisps are made with MicroSalt(R)
, Salarius' proprietary salt with micron-size salt particles that
dissolve in the mouth significantly faster than regular salt,
delivering an increased sensation of saltiness with much less salt,
and as a result approximately 50% less sodium. The snacks are
Non-GMO, all Natural, Kosher and Gluten Free, without sacrificing
the salty taste.
Market Information
The highly competitive global sweet and savory snacks market is
expected to reach USD 219.6 billion in 2024(1) .
Dr Clifford Gross, Executive Chairman at Tekcapital, commented:
"We are very glad to see the initial distribution order and
placement for Salarius' SaltMe!(R) crisps.."
Tekcapital owns 91.7% of the share capital of Salarius ltd. In
February 2020,
About Salarius ltd
Salarius, is the developer and manufacturer of a proprietary low
sodium salt called MicroSalt(R). Salarius is passionate about
improving lives with healthier food and is 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 flavor, because it
is salt. The 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 enhanced flavor
consistency. To learn more please visit https://salarius.co/ .
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed intellectual properties and provides a range
of IP investment services to make it easy for organisations to
commercialise university-developed technology. Tekcapital is quoted
on the AIM market of the London Stock Exchange (AIM: symbol TEK)
and is headquartered in Oxford, 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 Joint Broker) +44 (0) 20 3470 0470
Richard Morrison / Charlie Bouverat (Corporate
Finance)
Novum Securities Limited (Joint Broker) +44 (0) 20 7399 9427
Colin Rowbury (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 Salarius 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 Salarius' 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 Salarius or
Tekcapital may vary materially from those described explicitly or
implicitly in the relevant forward-looking statement. Neither
Salarius nor Tekcapital intends, nor assumes any obligation, to
update or revise these forward-looking statements in light of
developments which differ from those anticipated.
Reference
(1)
https://www.businesswire.com/news/home/20180621006194/en/Global-Sweet-Savory-Snacks-Market-Report-2018
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END
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