logo-loader
viewTekcapital PLC

TekCapital excited about natural salt product's potential

The product does not contain substitutes like calcium, potassium or magnesium salts, which can lead to a bitter taste

shutterstock_273242033.jpg
According to market research firm IBISWorld Inc, sales of table salt in the US in 2013 were around $598.7 million

Tekcapital PLC (LON:TEK), the technology and intellectual property specialist, hailed the results of testing of its low sodium salt product  - µSaltTM.

This so-called  'microsalt' does not contain substitutes like calcium, potassium or magnesium salts, which can lead to a bitter taste typical of many existing low-sodium salt products.

Test quantities of µSaltTM were manufactured in  a facility regulated by the US Food and Drug Administration before being supplied to several organisations for independent testing.

READ the Big Picture  - Tekcapital providing investors with plenty of food for thought

A taste test of traditional potato chips versus those salted with µSaltTM, which have around 40% less sodium, yielded no statistically significant difference in perceived flavour.

Clifford M. Gross, the executive chairman of Tekcapital PLC, told investors: "We are excited to report that we have produced and tested our natural µSaltTM product and have found that it provides a level of taste similar to traditional salt, but with approximately 40% less sodium.

"If widely adopted, we believe that the potential positive impact to improving the health of consumers could be significant. We are currently in discussions with a number of leading companies regarding commercialisation of this exciting new product and we will update the market in due course."

The market potential is great. According to market research firm IBISWorld Inc, sales of table salt in the US in 2013 were around $598.7 million.

The firm reckons its technology could enable food companies to empower consumers to reduce sodium content in topical food applications without sacrificing taste.

Tekcapital acquired US patent 8,900,650 B1 last year for low-sodium salt compositions, which has the potential to enable the commercialisation of a 1:1 replacement for regular salt in a variety of applications including table-top, dry snacks such as chips and crisps, popcorn, cereals, and other dry surface applications that have salt in spice mixes.

According to Blood Pressure UK, a charity dedicated to lowering the nation's blood pressure, the best way for people to prevent a heart attack is to stop the arteries becoming damaged.

"And one of the best ways of doing this is keep your blood pressure down by eating less salt," the charity says.

Tekcapital shares added almost 3% on the day to stand at 36p each.

--Updates with share price ---

Quick facts: Tekcapital PLC

Price: 14.25 GBX

LSE:TEK
Market: LSE
Market Cap: £11.24 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Tekcapital PLC named herein, including the promotion by the Company of Tekcapital PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Proactive Investor One2One Forum 5th June 2014

Proactive Investor One2One Forum 5th June 2014

on 9/6/14

2 min read