Tekcapital Investee Secures New Customer For Low Sodium Salt MicroSalt

(Alliance News) - Intellectual property investor Tekcapital PLC on Wednesday said its 97.5%-owned ...

Alliance News 16 October, 2019 | 9:11AM
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(Alliance News) - Intellectual property investor Tekcapital PLC on Wednesday said its 97.5%-owned portfolio company Salarius Ltd has secured a new customer for its patented low sodium salt MicroSalt.

Tekcapital shares were up 17% at 6.9 pence each in London in morning trade.

Salarius has reached an agreement with a diversified snack food manufacturing company to include MicroSalt in its production run of its snack food brand, Tekcapital said. No financial terms of the contract were disclosed.

Salarius Chief Executive Victor Manzanilla said: "The snack food market is highly competitive, with snack food manufacturers competing for shelf space with competitor brands at small, mid-size and large leading retailers. One way these snack food manufacturers are differentiating themselves in such a crowded market is by having a heathier alternative version of their most popular brands, and they are learning they can do this with MicroSalt without sacrificing the taste of their products."

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Tekcapital PLC 6.75 GBX 3.85 -

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