Tekcapital Plc Provides Update on Portfolio Company Salarius, Ltd.
LONDON, UNITED KINGDOM , Oct. 14, 2021 (GLOBE NEWSWIRE) -- 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 very pleased to announce that the U.S. Food and Drug Administration (FDA) has just released voluntary sodium reduction goals for the food industry.
According to the FDA, these targets were introduced “to provide measurable voluntary short-term (2.5-year) goals for sodium content in commercially processed, packaged, and prepared foods to reduce excess population sodium intake.”i
Dr. Jennifer Ashton, ABC News chief medical correspondent said “The news from acting FDA Commissioner Janet Woodcock and Susan T. Mayne, director of the FDA's Center for Food Safety and Applied Nutrition, could be the biggest, most important intervention in a generation for public health."ii
This is a significant milestone for Salarius for the following reasons:
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’s salt particles are approximately 100 times smaller than regular table salt, allowing them to rapidly dissolve, producing a large sensation of saltiness. MicroSalt® is all-natural, non-GMO, and Kosher.
“We’re very excited to see the FDA take a leadership role in encouraging the food industry to embark on meaningful sodium reduction programs for their products,” said Victor Hugo Manzanilla, CEO of MicroSalt. “This is a major milestone for the country, and we are ready to partner with food manufacturers to help them comply with the new guidelines whilst maintaining the full-flavour of their snacks.”
About Salarius Ltd.
Tekcapital owns 97.2% of the share capital of Salarius Ltd. and 87.1% of the share capital of MicroSalt Inc., its U.S. subsidiary.
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For further information, please contact: Tekcapital Plc Via Skyline Clifford M. Gross, Ph.D. Skyline Corporate Communications Group, LLC (U.S.) Matthew Abenante/Scott Powell +1 646 893 5835
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