Proactive Investors - Run By Investors For Investors

Tekcapital’s Salarius sees new milestones for MicroSalt and SaltMe products

“MicroSalt and SaltMe snacks will help consumers reduce sodium consumption whilst providing the great salty taste they enjoy," said Salarius chief executive Victor Hugo Manzanilla.
potato chips
TekCapital owns 97.5% of Salarius Ltd's share capital.

Tekcapital PLC (LON:TEK) shares jumped higher on Thursday after the firm told investors that its portfolio company Salarius Ltd has completed a follow-on order for MicroSalt with an American snack food company.

Salarius has developed MicroSalt which is a proprietary salt comprising micron-size salt particles that dissolve in the mouth significantly faster than regular salt. It creates a higher sensation of saltiness with much less salt. As a result, products using MicroSalt can contain around 50% less sodium.

In addition to the US order, Salarius has now completed test production of its potato chip snacks, branded SaltMe.

READ: Tekcapital’s Lucyd launches new line of Bluetooth glasses

The plan is to introduce SaltMe as a line of ‘full-flavor, low-sodium’ potato chips later this year – the production range will include four flavours original, barbecue, sour cream & onion and cheddar & sour cream.

TekCapital highlighted that in panel testing with ‘salty snack buyers’  SaltMe saw weighted purchase intent of 27.75%, which is described as being significantly higher than average for new product initiatives.

"We are very glad to announce the follow-on order for MicroSalt and the successful test production of our new SaltMe chips,” said Victor Hugo Manzanilla, Salarius chief executive.

“Consumers are aware of the need to eat healthier and select better-for-you options when available. MicroSalt and SaltMe snacks will help consumers reduce sodium consumption whilst providing the great salty taste they enjoy. MicroSalt is non-GMO and all natural,” he added.

TekCapital chairman Clifford Goss, meanwhile, said he was delighted with the continued progress being made by the Salarius team.

“MicroSalt has the potential to empower companies and consumers worldwide to enjoy full-flavour snacks with reduced sodium,” he added.

TekCapital owns 97.5% of Salarius ltd’s share capital.

In early morning trading, shares in Tekcapital were 14.4% higher at 12.75p.

 -- Adds share price --

 

View full TEK profile View Profile

Tekcapital PLC Timeline

Related Articles

Tekcapital
February 06 2019
Tekcapital expects “the quickening pace of innovation” in the portfolio companies to lead to higher service revenues in the future
Irrigation
May 15 2019
The company’s products can be used for wireless and mobile internet applications, while its military hardware encompasses a range of tactical and specialised communications antennas
machines
February 04 2019
“We continue to focus on further strengthening our engineering capability and optimising quality management to meet the expected growth in demand for driver monitoring systems,” chief executive Ken Kroeger.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use