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Pin to quick picksTekCapital Share News (TEK)

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Tekcapital soars as first MicroSalt order secured

Tue, 23rd Apr 2019 10:20

(Sharecast News) - Tekcapital's shares shot upward on Tuesday after its 97.5% owned portfolio company Salarius launched production of its low-sodium salt alterntive, MicroSalt, and secured its first customer order.The AIM traded company said Salarius will dispatch its first batch of the product, which is made with particles of natural salt that are around 100 times smaller than regular salt, in May as part of an order from an unnamed US snack food producer.Victor Hugo Manzanilla, chief executive of Salarius, said: "We are thrilled to announce the launch of the production and the first sales of MicroSalt, a practical and revolutionary solution that significantly reduces sodium in snack foods, without reducing the salty flavor consumers enjoy. 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."According to Tekcapital, the low sodium ingredient market is forecast to reach a size of $1.76bn by 2025, while the highly competitive global savory snacks market is expected to reach $108bn by 2021.Clifford Gross, executive chairman at Tekcapital, said: "MicroSalt has the potential to empower companies worldwide to make healthier snacks that reduce sodium consumption for their customers. We believe that Salarius will be successful in not only building a vibrant business, but in making a dent in helping to reduce cardiovascular diseases, the leading cause of death in the world."According to the World Health Organization, cardiovascular disease takes the lives of 17.9m people per year and is responsible for 31% of global deaths, with high blood pressure constituting a key risk factor for developing heart disease.Tekcapital's shares were up 67.17% at 11.08p at 1059 BST.
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15 Aug 2022 09:34

IN BRIEF: Tekcapital subsidiary Lucyd's portfolio firm prices IPO

Tekcapital PLC - London-based intellectual property investor - Portfolio company Lucyd Ltd sees subsidiary Innovative Eyewear Inc price its USD7.4 million initial public offering on Nasdaq.

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28 Jul 2022 20:05

EARNINGS UPDATES: Rathbones assets drop; Trackwise sinks to loss

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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4 Jul 2022 09:24

Tekcapital shares rise on first MicroSalt bulk order, potential IPO

(Alliance News) - Tekcapital PLC said on Monday its subsidiary MicroSalt Inc has secured the first bulk business-to-business order of its low-sodium salt, MicroSalt, in the US.

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30 May 2022 18:29

TRADING UPDATES: UKOG signs lease; Alien Metals to buy Vivash Gorge

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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25 May 2022 22:02

TRADING UPDATES: Tekcapital fundraise; Kromek wins US government order

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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25 May 2022 12:48

Tekcapital raises £2m to help grow portfolio companies

(Sharecast News) - Intellectual property investor Tekcapital has raised £2m before expenses, it announced on Wednesday, to accelerate the growth of its portfolio companies.

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24 May 2022 16:04

UK shareholder meetings calendar - next 7 days

Wednesday 25 May  
Access Intelligence PLCAGM
Amur Minerals CorpAGM
Aston Martin Lagonda Global Holdings PLCAGM
Bakkavor Group PLCAGM
Bango PLCAGM
Bodycote PLCAGM
Eleco PLCAGM
International Public Partnerships LtdAGM
Intertek Group PLCAGM
M&G PLCAGM
Manx Financial Group PLCAGM
Mortgage Advice Bureau Holdings PLCAGM
Property Franchise Group PLCGM re final 2021 dividend
Regional REIT LtdAGM
Sabre Insurance Group PLCAGM
Trustpilot Group PLCAGM
Tullow Oil PLCAGM
Zenova Group PLCAGM
Zotefoams PLCAGM
Thursday 26 May 
Aminex PLCAGM
Bank of Ireland Group PLCAGM
Belvoir Group PLCAGM
Central Asia Metals PLCAGM
Curtis Banks Group PLCAGM
Diaceutics PLCAGM
Duke Royalty LtdEGM re fundraise
East Star Resources PLCAGM
Energean PLCAGM
Henry Boot PLCAGM
Hochschild Mining PLCAGM
Legal & General Group PLCAGM
National World PLCAGM
Ocean Wilsons Holdings LtdAGM
OnTheMarket PLCGM re cancellation of capital
Prudential PLCAGM
S&U PLCAGM
Staffline Group PLCAGM
Strix Group PLCAGM
WAG Payment Solutions PLCAGM
Yu Group PLCAGM
Friday 27 May 
AG Barr PLCAGM
Big Technologies PLCAGM
Coca-Cola Europacific Partners PLCAGM
Destiny Pharma PLCAGM
Hostmore PLCAGM
Lancashire Holdings LtdAGM
Lekoil LtdEGM re appointment and remuneration of auditors
LSL Property Services PLCAGM
Malin Corp PLCAGM
Old Mutual LtdAGM
Oxford BioMedica PLCAGM
Renewables Infrastructure Group LtdAGM
Spectris PLCAGM
Monday 30 May 
Adriatic Metals PLCAGM
Clarify Pharma PLCAGM
Tuesday 31 May 
GYG PLCAGM
JTC PLCAGM
Lookers PLCAGM
McColl's Retail Group PLCAGM
Microlise Group PLCAGM
PageGroup PLCAGM
Petershill Partners PLCAGM
Sportech PLCAGM
Tekcapital PLCAGM
  
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6 May 2022 15:22

CORRECT: Tekcapital sets record as net assets double to USD68 million

(Correcting profit after tax growth percentage change.)

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6 May 2022 11:35

Tekcapital sets new record as net assets double to USD68 million

(Alliance News) - Tekcapital PLC on Friday said net assets more than doubled to USD68.1 million at the end of its most recent financial year from USD32.7 million a year before, saying the total was the most in the company's history.

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5 May 2022 21:43

TRADING UPDATES: McColl's "likely" on brink of administration

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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3 May 2022 21:55

TRADING UPDATES: Vela, Standard Life Investments up portfolio value

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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19 Apr 2022 22:13

TRADING UPDATES: AVI Japan outperforms; Crossword annual revenue grows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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1 Apr 2022 12:25

TRADING UPDATES: Yooma, Love Hemp in UK boost; Peel Hunt tops forecast

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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4 Feb 2022 21:26

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

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4 Feb 2022 09:57

Tekcapital's Guident files patent amid talks with possible partners

(Sharecast News) - Intellectual property-focussed investor Tekcapital updated the market on its portfolio company Guident on Friday, reporting that it had now filed its eighth patent application.

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