Tekcapital’s (TEK) Salarius has received a registered trademark on SaltMe!® for the upcoming full-flavour, low sodium snacks which it intends to launch in the first half of 2020.
Tekcapital, the UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology, updated investors on Salarius’s progress of which it owns 97.5%.
It said that 11 companies are now testing MicroSalt®, a low sodium salt developed by Salarius for possible incorporation into their snack products.
Salarius is also attending two major food shows in the USA, one of the biggest ingredients shows in the country: Supple Side West in Las Vegas and Natural Products Expo East in Baltimore.
Shares in Tekcapital were trading 1.6% higher at 7.95p on Monday
Victor Hugo Manzanilla, CEO of Salarius said: "We are very pleased with our go-to-market progress with MicroSalt®. Our first customer has placed their third order for MicroSalt® and we have significant prospective customer interest.”
He added: “We look forward to expanding our customer pipeline and will advise the market in due course with new customer engagements."
Dr Clifford Gross, Executive Chairman at Tekcapital, commented: "We are glad to see Salarius' continued efforts to expand its customer base and believe that MicroSalt® has the potential to empower consumers worldwide to enjoy full-flavour snacks with reduced sodium."
Follow News & Updates from Tekcapital here: