TIDMTEK
Tekcapital plc
19 September 2023
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19 September 2023
Tekcapital Plc
("Tekcapital")
MicroSalt(R) Launches Partnership with Weijohn Farms Group
To Provide its Full Flavor Low-Sodium Salt
Tekcapital Plc (AIM: TEK) the UK intellectual property
investment group focused on creating valuable products that can
improve people's lives, is pleased to announce that its portfolio
company Microsalt Ltd ("Microsalt") has announced a partnership
with Weijohn Farms Group, a multi-faceted organization that
includes Sorbatto Fresh and Washington Organic Hazelnuts. Weijohn
Farms Group will be using MicroSalt on its Sorbatto Fresh line of
hazelnuts.
"The integration of MicroSalt into our salted product lines has
been beneficial on multiple fronts. Not only does it offer our
consumers a low-sodium yet flavorful option, but from an
operational standpoint, MicroSalt has proven its ability to improve
product adherence and general housekeeping," said Jeff Weijohn,
owner of the Weijohn Farms Group.
Sorbatto Fresh hazelnuts. Photo courtesy
https://www.sorbattofresh.com/
Rick Guiney, CEO of MicroSalt(R), commented:
"We are very excited about our partnership with the Weijohn
Farms Group and their Sorbatto Fresh brand. Excess sodium
consumption is one of the leading contributors to hypertension and
heart disease. Partnerships like this are the best way to provide
consumers with great tasting, healthy products with less
sodium."
Market Size
The North American hazelnut market was US$ 1.8 billion in 2022
and is projected to grow to US$ 3.2 billion by 2030 with a CAGR of
7.6% [1] . The expanding health benefits of eating hazelnuts are
predicted to fuel substantial demand over the forecast period.
Hazelnuts are regarded as a rich source of vitamins B, E, and K and
are known for providing good lipids, proteins, and minerals.
Furthermore, hazelnuts may help lower cholesterol levels. As a
result, they are popular amongst health-conscious adults.
About Weijohn Farms Group & Sorbatto Fresh
The Weijohn Family has a rich farming history, spanning four
generations in the Yakima Valley and has played an instrumental
role in pioneering the hazelnut industry in Eastern Washington.
Among other health benefits, hazelnuts contribute to increased
oxidative capacity and reduced blood lipid levels, thereby helping
to mitigate the risk of heart disease. Additionally, they are shown
to help normalize blood pressure. To learn more about the Sorbatto
Fresh brand please visit https://www.sorbattofresh.com/
About MicroSalt
MicroSalt is dedicated to innovating food technology solutions
that enable people to live longer, healthier, and happier lives.
Its patented low-sodium salt delivers natural salt with
approximately 50% less sodium and may be used by both consumers and
food manufacturers who wish to decrease the amount of sodium in
their food. MicroSalt is 100% natural, non-GMO, gluten free, Kosher
and contains no potassium chloride. To learn more about MicroSalt
and MicroSalt(R) products, please visit www.microsalt.co .
Tekcapital owns 97% of the share capital of MicroSalt Ltd. and
6,034,683 shares (78%) of MicroSalt Inc., its U.S. subsidiary.
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed discoveries that can enhance people's lives
and provides a range of technology transfer services to help
organisations evaluate and commercialise new technologies.
Tekcapital is quoted on the AIM market of the London Stock Exchange
(AIM: symbol TEK) and is
headquartered in the UK. For more information, please visit www.tekcapital.com.
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
Tekcapital Plc Via Flagstaff IR
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP (Nominated
Adviser and Broker) +44 (0) 20 3470 0470
Richard Morrison / Charlie Bouverat (Corporate
Finance)
Rob Rees (Corporate Broking)
Flagstaff Strategic and Investor Communications
Tim Thompson/Andrea Seymour/Fergus Mellon
microsalt@flagstaffcomms.com +44 (0)207 129 1474
This press release is for informational purposes only. The
information herein does not constitute investment advice nor an
offer to invest and may contain statements related to our future
business and financial performance and future events or
developments involving MicroSalt and/or Tekcapital that may
constitute forward-looking statements. These statements may be
identified by words such as "expect," "look forward to,"
"anticipate" "intend," "plan," "believe," "seek," "estimate,"
"will," "project" or words of similar meaning. We may also make
forward-looking statements in other reports, in presentations, in
material delivered to customers, stakeholders and in press
releases. In addition, our representatives may from time to time
make oral forward-looking statements. Such statements may be based
on the current expectations and certain assumptions of MicroSalt
and/or Tekcapital's management. Please note that these are subject
to a number of risks, uncertainties, and factors, including, but
not limited to those described in various disclosures. Should one
or more of these risks or uncertainties materialize, or should
underlying expectations not occur or assumptions prove incorrect,
actual results, performance, or achievements of MicroSalt or
Tekcapital may vary materially from those described explicitly or
implicitly in the relevant forward-looking statement. Neither
MicroSalt nor Tekcapital intends, nor assumes any obligation, to
update or revise these forward-looking statements in light of
developments which differ from those anticipated.
[1]
https://www.databridgemarketresearch.com/reports/north-america-hazelnut-market
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END
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September 19, 2023 02:00 ET (06:00 GMT)
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