6 March 2024
MicroSalt
plc
("MicroSalt" or the
"Company")
Intellectual Property ("IP")
Update
MicroSalt plc, (AIM: SALT) a company
producing full-flavour, low-sodium salt for food manufacturers and
consumers, is pleased to announce that it has received a Notice of
Allowance from the United States Patent and Trademark Office
for Patent Application No. 18/175,028.
The Patent Application entitled Low
Sodium Salt Composition, concerns the production of MicroSalt, a
low-sodium salt that adheres better to foods than a traditional
salt (which is not adhered to a carrier particle).
Receipt of a Notice of Allowance
indicates that the claims in the patent application are patentable.
MicroSalt expect the patent will be granted upon completion of
certain administrative matters in short course. Once granted, the
patent is expected to expire in 2039.
This Notice of Allowance relates to
one of the 14 pending patent applications described in the
Company's admission document dated 27 January 2024. MicroSalt also
has counterpart patent applications with claims directed to similar
subject matter as the Patent Application 18/175,028 pending in
countries including China, Chile, Australia, Brazil, Europe,
Canada, Japan, Russia, Mexico, India and Hong Kong.
MicroSalt also owns a previously
issued United States patent directed to its salt carrier product
and production processes, and a United States provisional patent
application directed to additional innovations.
Rick Guiney, CEO of Microsalt,
said:
"This Notice of Allowance further
strengthens our IP position in the global low sodium market whilst
providing additional evidence of our thought leadership position in
the battle to lower sodium consumption worldwide."
For more information, please
visit www.microsaltinc.co,
follow on X @microSaltPLC or contact:
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MicroSalt plc
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Via Flagstaff
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Rick Guiney, CEO
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Zeus (Nominated Adviser and
Broker)
David Foreman / James Edis
(Investment Banking)
Dom King (Corporate Broking), Rupert
Woolfenden (Sales)
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+44 (0)20 3829 5000
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Flagstaff PR (Financial
IR/FPR)
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+44 (0)20 7129 1474
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Tim Thompson / Alison Allfrey / Anna
Probert
microsalt@flagstaffcomms.com
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Notes to Editors
MicroSalt® produces a patented
full-flavour, low-sodium salt for food manufacturers and
consumers.
MicroSalt is a major potential
disruptor in the food market, thanks to its micron sized particles
which deliver the same sense of saltiness to a wide range of foods
but with approximately 50% less sodium. Excess sodium consumption
is a significant contributor to cardiovascular disease and
MicroSalt's solution meets the rising demand for healthier
alternatives to traditional salt. The WHO
has set a target for reducing global sodium intake by 30% by 2025,
which it estimates will save 7 million lives by 2030.
Each year, cardiovascular disease
costs the UK £19 billion - if the average salt intake was reduced
by one gram per day, it has been estimated that 4,147 lives and
£288 million would be saved each year in the UK. As a nation, the
UK consumes 183 million kilograms of salt each year, and 70% of the
typical person's sodium intake is hidden in processed
foods.
Operational since 2018, MicroSalt
uses a patent-protected technology which helps create high barriers
to entry within the reduced-sodium salt market.
The Directors believe that MicroSalt
is well positioned to capture growth in the low sodium market,
which is expected to grow exponentially, and that there is also
scope to enter the larger salt market.
ENDS