Salarius Update1 Apr 2022 08:10
https://www.londonstockexchange.com/news-article/TEK/portfolio-company-update-salarius/15394021
Portfolio Company Update: Salarius, Ltd. (“Salarius”) SaltMe! crisps now being sold at over 2,400 stores in the United States
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 please to provide an update on MicroSalt, Inc., the U.S. operating subsidiary of Salarius, Ltd.
The Company successfully completed roll-out of SaltMe! crisps to Kroger Company, the United States largest supermarket by revenue. The roll-out has been expanded from 1,800 stores to 2,200 stores. Combined with other store locations, SaltMe! crisps are now being sold in over 2,400 stores across United States.
The Company has been able to accomplish this remarkable retail growth whilst also growing its ecommerce sales, with the Company achieving significant sales growth through Amazon at the same time. Additionally, the Company announced that its SaltMe! potato chips will be available to foodservice (catering) operators. This major milestone is consistent with MicroSalt’s mission to provide healthier, full-flavor snacks that deliver 50% less sodium per serving, to help promote cardiovascular health.
“We’re thrilled to be able to expand the reach of our products,” says Rick Guiney, CEO at MicroSalt Inc. “Our microscopic salt crystal technology is creating new opportunities for consumers to lower their sodium intake without sacrificing flavor. It makes perfect sense for foodservice operators to offer this option to the thousands of consumers they serve looking to live a healthier lifestyle without sacrificing flavor.”
MicroSalt is a subsidiary of portfolio company, Salarius. MicroSalt aims to revolutionize the food industry with its patented sodium microparticle, that delivers the full-flavour experience of salt with roughly half the sodium. MicroSalt® is all-natural, non-GMO, and Kosher
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