TIDMTEK
Tekcapital plc
07 September 2023
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7 September 2023
Tekcapital Plc
("Tekcapital")
MicroSalt(R) files New Patent to Improve Baked Goods
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 filed a new patent
application (# 63/580,590) entitled "Compositions and methods for
reduced leavening time and sodium content in doughs comprising
micron-sized salt particles adhered to a carrier," to improve baked
goods.
Highlights:
-- MicroSalt has recently demonstrated the successful
utilisation of its proprietary low-sodium technology with a new
recipe for use in baked goods
-- There is significant global demand for reducing sodium in a wide variety of baked goods
-- MicroSalt believes its new low sodium recipe reduces both
sodium content and baking time for baked goods, enabling an
improved nutritional profile coupled with a more sustainable and
cost-effective production process
Rick Guiney, CEO of MicroSalt(R), commented:
"We are very excited about our new invention which we believe
enables the production of baked goods quicker, less expensively,
and with reduced sodium. The bread market is extremely compelling
for us, with global volumes expected to reach 216.7bn kg by 2028
[1] . Our ability to not only reduce sodium but to enable a more
efficient production process could be a watershed moment in the
fight against excess sodium consumption, and we have already seen a
high level of interest from one of the world's largest food
companies."
Market Size
According to Statista the global bread market is estimated to be
valued at US$0.5tn in 2023 and is expected to grow annually by
6.83% (CAGR 2023-2028). [2] MicroSalt believe that its new
technology can be utilised on a wide variety of baked products to
significantly reduce their current sodium concentrations. Potential
product applications are listed below.
Common Types of Bread (2 slices/serving)
[3]
Sodium Content (mg) per serving
White Bread 340
Whole Wheat Bread 276
Rye Bread 422
Multigrain Bread 253
Sourdough Bread 304
Mixed Grain Bread 253
Marble Rye and Pumpernickel Bread 346
White with Whole Wheat Swirl Bread 314
==========================================================================================================
Reduced Calorie Bread (2 slices/serving)
Wheat Bread 235
White Bread 208
Multigrain Bread 158
Rye Bread 211
==========================================================================================================
Other Bread Varieties (2 slices/serving)
Cracked Wheat Bread 269
Italian Bread 234
Oatmeal Bread 323
Raisin Bread 203
Wheat Bran Bread 350
==========================================================================================================
Rolls and Buns (1 roll/serving)
Dinner Roll 146
Wheat Dinner Roll 95
Egg Dinner Roll 191
French Roll 231
Hamburger or Hotdog Roll 206
Mixed Grain Hamburger or Hotdog
Roll 197
=================================
According to the U.S. Food and Drug Administration ("FDA"),
2,300 mg/day is the maximum recommended sodium consumption for
healthy adults. [4] By reference, a single serving of white bread
currently exceeds 14% of the daily maximum recommended consumption
of sodium.
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.statista.com/outlook/cmo/food/bread-cereal-products/bread/worldwide#::text=In%20the%20Bread%20market%2C%20volume,
growth%20of%203.9%25%20in%202024 .
[2]
https://www.statista.com/outlook/cmo/food/bread-cereal-products/bread/worldwide#::text=Revenue%20in%20the%20Bread%20market,
US%2472bn%20in%202023 ).
[3]
https://www.fatsecret.com/calories-nutrition/food/bread/sodium
[4]
https://www.fda.gov/media/84261/download#::text=Americans%20eat%20on%20average%20about,
1%20teaspoon%20of%20table%20salt
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END
NRASSWFMMEDSESU
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