TIDMTEK
Tekcapital plc
29 December 2021
29 December 2021
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update: Salarius, Ltd. ("Salarius")
Appointment of Rick Guiney as CEO of MicroSalt Inc.
Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF) the UK intellectual
property investment group focused on creating valuable products
from investing in university technology that can improve people's
lives, is pleased to announce that Salarius' U.S. subsidiary
MicroSalt Inc. (MicroSalt) has appointed Rick Guiney as CEO.
Rick has more than 35 years of experience in the food industry,
including 30+ years as President & CEO of Classic Snacks, Inc.,
where he pioneered the ground-up development of the business and
transformed it into a market-leading direct distribution company in
the food industry. Classic Snacks was included on the Inc. 500
Fastest Growing Company List, and quickly became a nationwide snack
food packager and distributor to airlines, restaurants, hotels,
country clubs, bars, taverns, and retail private label customers.
Rick also served as Foodservice Business Manager for Quorn Foods in
the United States.
"I'm thrilled to be joining this successful, rapidly growing
enterprise as it enters what I believe to be a significant period
of accelerated growth. MicroSalt(R) is committed to making an
impact on cardiovascular disease by reducing excess sodium
consumption. The recently announced FDA sodium reduction
guidelines, the placement of our low-sodium full-flavour SaltMe!
Chips with the largest supermarket in the U.S., and the receipt of
two international awards (P&G Alumni Star Entrepreneur Award
and the GHP Fitness & Nutrition award, for the best low sodium
salt in 2021) all point to the same conclusion: the need and market
for MicroSalt is both immediate and global, " said Rick Guiney, CEO
of MicroSalt(R).
"We are very excited about the future potential of MicroSalt and
the positive impact it can make by enabling "better for you" snacks
with reduced sodium. We want to express our gratitude to Victor
Manzanilla for his leadership of MicroSalt during its formative
stage, and we are glad that he will continue to guide the company
as a member of its expanded board of directors," said Clifford M.
Gross, Ph.D., CEO of Tekcapital.
About Salarius Ltd. and MicroSalt, Inc.
Salarius, is the developer and manufacturer of a proprietary
low-sodium salt called MicroSalt(R). We are passionate about
improving peoples' lives by providing the best low-sodium salt,
based on the mechanical transformation of the salt particle itself.
MicroSalt, Inc., Salarius' U.S. operating subsidiary, aims to
revolutionize the food industry with its patented better-for-you
salt, that delivers the full-flavour experience of salt with
roughly half the sodium. MicroSalt(R) is all-natural, non-GMO, and
Kosher. Additionally, the ultra-small particle size enhances
product adhesion, which reduces waste and provides improved flavour
consistency. MicroSalt(R) and SaltMe(R) are registered trademarks
of MicroSalt Inc. To learn more about MicroSalt please visit
https://Salarius.co /.
To learn more about SaltMe! snacks please visit https://saltme.com/ .
Tekcapital owns 97.2% of the share capital of Salarius Ltd. and
approximately 87% of the share capital 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 +44 (0)207 129
1474
Tim Thompson/Andrea Seymour/Fergus Mellon
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 Salarius 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 Salarius' 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 Salarius or
Tekcapital may vary materially from those described explicitly or
implicitly in the relevant forward-looking statement. Neither
Salarius nor Tekcapital intends, nor assumes any obligation, to
update or revise these forward-looking statements in light of
developments which differ from those anticipated.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAVVLFLFLLXFBB
(END) Dow Jones Newswires
December 29, 2021 02:00 ET (07:00 GMT)
Grafico Azioni Tekcapital (LSE:TEK)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Tekcapital (LSE:TEK)
Storico
Da Lug 2023 a Lug 2024