(Alliance News) - Intellectual property investor Tekcapital PLC on Friday said an investee has signed a partnership with a food ingredient broker.
Tekcapital owns 97.5% of Salarius Ltd, which has teamed up with food ingredient broker Hanks Brokerage Inc to sell Microsalt to snack food companies in the south-western US. Texas-based Hanks Brokerage supplies the food industry with products and ingredients.
Microsalt, which has been developed by Salarius, is a salt made with micron-sized particles that dissolve in the mouth more quickly than regular salt, giving "an increased sensation of saltiness with much less salt".
Victor Hugo Manzanilla, the chief executive of Salarius, said: "We are very excited about our partnership with Hanks Brokerage and working with their team of sales professionals to expand brand awareness and accelerate sales of Microsalt.
"Our partnership is a win-win-win as we are offering their customers a unique, on-trend, innovative ingredient that will also help consumers lower their sodium intake."
Tekcapital's Executive Chair Clifford Gross added: "We are glad to see the expansion of Salarius' go to market effort to additional geographical markets in the US."
Tekcapital shares were 1.9% lower on Friday morning at a price of 6.01 pence each.
Tekcapital's other investments include food technology firm Smart Food Tek Ltd, autonomous driving safety firm Guident Ltd, medical device maker Belluscura PLC, and optical technology business Lucyd Ltd.
By George Collard; georgecollard@alliancenews.com
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