Business
Salarius new major food contract
Salarius new major food contract.
About this update from Tekcapital Plc
[{"type":"text","content":"\n \nRNS Number : 7939A Tekcapital plc 24 January 2020 \n\n \n \nThe 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.\n \n24 January 2020\nTekcapital Plc\n(\"Tekcapital\", the \"Company\" or \"the Group\")\nPortfolio Company Update: \n \nSalarius Secures Additional Food Ingredient Broker Partner for MicroSalt® \n \n \nTekcapital Plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology, is very pleased to announce that its 97.5 per cent. owned portfolio company, Salarius Ltd, has secured an agreement with a national food ingredient broker, Hanks Brokerage, to assist in the sale of Microsalt® to snack food companies in the southwestern United States. \n \nHanks Brokerage, Inc. was founded in 1979 and recently celebrated their 40th anniversary this past year for supplying products and ingrediants to the food industry. Hanks Brokerage represents ingredients and finished products to food manufacturers, restaurant chains and food service distributors.\n \nThe agreement continues to build on an important dimension to the Salarius sales strategy that includes attendance at food trade shows such as Expo West, Supply Side West and the Texas IFT show, working with \"best in class\" sales partners and an ongoing direct B2B outreach. As of the date of this announcement, over 25 potential customers are in the process of testing and evaluating applicability of Microsalt® for their snacks and other product lines. \n \n\"We are very excited about our partnership with Hanks Brokerage and working with their team of sales professionals to expand brand awareness and accelerate sales of Microsalt®. Our partnership is a win-win-win as we are offering their customers a unique, on-trend, innovative ingredient that will also help consumers lower their sodium intake.\" says Victor Hugo Manzanilla, CEO of Salarius.\n \n\"Hanks Brokerage is proud to partner with Salarius, to provide a great solution to mee...