23 Nov 2015 07:00
23 November 2015
Tekcapital plc
("Tekcapital" or the "Company")
Patent Update for Crackle-baked® Technology
Tekcapital plc (AIM: TEK), an international provider of technology and intellectual property services, announces that the University of Arkansas has received a "Notice of Allowance" from the US Patent and Trademark Office for Crackle-baked®, confirming its patent application has been successful. Tekcapital acquired the exclusive worldwide license for Crackle-baked®, a coating composition and process for baked products to impart the attributes of fried products, in January of 2015.
Termed Crackle-baked® by Tekcapital, this unique process enables baked foods to have similar attributes, in terms of taste and texture, to those of fried foods but with approximately 60 per cent. less fat content in the finished product.
The US patent will protect the IP surrounding Crackle-baked® until 2030 and management therefore believe this technology is now well placed for mass market adoption via out-licensing to food producers or the companies that supply them.
Commenting on the announcement, Dr. Clifford M. Gross, Executive Chairman of Tekcapital plc, said: "The receipt of the Notice of Allowance advances the potential commercialisation of Crackle-baked®. We are actively engaged to secure an out-license partner and will update the market in due course."
For further information, please contact:
Tekcapital Plc | +1 305 200 3450 Ext 305 | |
| Clifford M. Gross | info@tekcapital.com |
Allenby Capital Limited (Nominated Adviser & Joint Broker) | +44 (0)20 3328 5656 | |
Jeremy Porter / Alex Brearley | ||
Optiva Securities Limited (Joint Broker) | +44 (0) 20 3137 1904 | |
Jeremy King / Vishal Balasingham | jeremy.king@optivasecurities.com | |
Walbrook PR Ltd | +44 (0) 20 7933 8780 | |
Paul Cornelius / Paul McManus | tekcapital@walbrookpr.com | |
Tekcapital plc - The World's Largest University Network for Open Innovation
Tekcapital helps clients profit from new, university-developed intellectual properties. With our proprietary discovery search engine, linked to 4,000+ universities in 160 countries, coupled with expert scientific review, we provide a turn-key service to make it easy for clients to find and acquire the IP they need to create a competitive advantage. Tekcapital plc is listed on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com
TekCapital (TEK)