Tekcapital plc – Salarius Secures New Order for MicroSalt®
Tekcapital 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 new order for MicroSalt® from a Mexican seafood company for use in their dried shrimp snacks.
MicroSalt® 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.
“Consumer demand for better for you snack options continues to drive marketplace adoption of low sodium snacks. Snacks made with MicroSalt® will help consumers reduce sodium consumption while providing the great salty taste they enjoy. MicroSalt® is non-GMO and all natural. Salarius is in discussions with numerous snack food companies who are evaluating MicroSalt® for possible inclusion in their products, and we will update the market in due course,” said Victor Hugo Manzanilla, CEO of Salarius.
High blood pressure is a key risk factor for developing heart disease. Consistent with this, a new report from the National Academies of Sciences, Engineering, and Medicine has recommended significantly reduced sodium consumption guidelines1. Salarius’ MicroSalt® can empower food companies and consumers to meet these new guidelines.
Market Information
The highly competitive global savory snacks market is expected to reach US$108 billion by 20212. The low sodium ingredient market is estimated to reach US$1.76 billion by 2025 with a CAGR 11.7%3. “Both markets could immediately benefit from the availability of MicroSalt®. Additionally, the smaller crystals provide better adhesion to the food surface. This reduces the amount of salt that falls off products during transport and display, thus reducing waste and helping to ensure a consistent flavor profile,” says Manzanilla.
Dr Clifford Gross, Executive Chairman at Tekcapital, commented: “We are delighted with Salarius’ continued progress. MicroSalt® has the potential to help companies and consumers worldwide enjoy full-flavour snacks with reduced sodium.”