Tekcapital up almost 40% after securing first MicroSalt customer
informed investors today that its portfolio company Salarius has been significantly ramping up activity.
Salarius, as both developer and manufacturer, has launched production of MicroSalt, the company’s new, proprietary low sodium salt.
Salarius has not only begun production of its product, it has also found a first customer to incorporate MicroSalt into their snack food business. While the precise company was not named, the news released by Tekcapital confirmed it is an American company.
Tekcapital saw their share prices jump over 30% in reaction to their announcement.
For the intellectual property company, MicroSalt’s distinguishing feature is precisely its small, salt particles-- about one hundred times smaller than typical table salt-- that use a large surface area-to-volume ratio to generate a salty taste while using significantly less salt.
And this tiny grain can, in Salarius’ view, make a big difference.
Decreasing the public’s sodium intake would aid the efforts to curtail heart disease, which in the UK alone accounts for over a quarter, 26%, of deaths in the UK. And, according to the National Academies of Sciences, Engineering and Medicine, “There is sufficient evidence to characterize the relationship between sodium intake and risk of chronic disease.”
So, with such need comes a market. Future Market Insights has estimated that the sodium reduction market will be worth $1.76 billion by 2025 with a CAGR of 11.8%.
Victor Hugo Manzanilla, CEO of Salarius, commented on the news: “We know that ‘flavor is everything’ in the snacks industry, so we developed a salt that does not compromise on flavor, while simultaneously addressing the critical need to reduce sodium.
Consumers are aware of the need to eat healthier and select better-for-you options when available. MicroSalt® will help manufacturers worldwide take a leadership role in reducing cardiovascular disease by enhancing the nutritional content of their products.”
We sat down with Dr. Clifford Gross, CEO of Tekcapital, to learn more about how the company's 'invention discovery network' finds, builds, and commercializes ideas. Watch here
For more news and updates on Tekcapital:
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