Business
Salarius Secures & Delivers Follow-on Order
Salarius Secures & Delivers Follow-on Order.
About this update from Tekcapital Plc
[{"type":"text","content":"\n \nRNS Number : 0352C Tekcapital plc 13 June 2019 \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 \n13 June 2019\nTekcapital Plc\n(\"Tekcapital\", the \"Company\" or \"the Group\")\nPortfolio Company Update: \n \nSalarius Secures & Delivers Follow-on Order for MicroSalt® and \nCompletes Test Production of SaltMeTM Potato Chip Snacks\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 portfolio company Salarius ltd. has secured & delivered a follow-on order for MicroSalt® for a U.S. snack food company and completed test production of its SaltMeTM potato chip snacks. \n \nMicroSalt® is a proprietary salt made 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.\n \nSalarius plans to introduce the SaltMeTM line of full-flavor, low-sodium chips later this year in four varieties: original, barbecue, sour cream & onion and cheddar & sour cream. Panel testing amongst salty snack buyers resulted in a weighted purchase intent of 27.75%, which is significantly higher than average new product initiatives.\n \nHigh blood pressure is a key risk factor for developing heart disease. Consistent with this, the National Academies of Sciences, Engineering, and Medicine has recently recommended reduced sodium consumption guidelines1. MicroSalt® and SaltMeTM snacks can help food companies and consumers meet these new guidelines.\n \nMarket Information\nThe low sodium ingredient market is estimated to reach US$1.76 billion by 2025 with a CAGR 11.7%2. The highly competitive global savory snacks market is expected to reach US$108 billion by 20213. \n \nVictor Hugo Manzanilla, CEO of Salarius said,\n\"We are very glad to announce the follow-on order for MicroSalt®...