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SALT Microsalt Plc

75.00
-7.50 (-9.09%)
08 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Microsalt Plc LSE:SALT London Ordinary Share GB00BQB6FF85 ORD GBP0.001625
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.50 -9.09% 75.00 70.00 80.00 85.11 75.00 80.00 63,246 16:26:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

MicroSalt PLC Placement of SaltMe! Crisps on Thrive Market

13/06/2024 7:00am

RNS Non-Regulatory


RNS Number : 2200S
MicroSalt PLC
13 June 2024
 

 

Text Description automatically generated with low confidence 

 


This is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

13 June 2024

 

                                                                                  MicroSalt plc

                                                                    ("MicroSalt" or the "Company")

 

Placement of SaltMe! Low Sodium Crisps on Thrive Market

 

MicroSalt plc (AIM: SALT), a company commercialising a patented technology to produce full-flavour low-sodium salt, continues to expand its reach of SaltMe! low sodium crisps with a new placement on Thrive Market, an e-commerce membership-based retailer offering natural and organic food products.

 

The placement is for all four flavours of SaltMe! 5 oz bags.  First orders will be made later this month.

 

Rick Guiney, CEO of MicroSalt, said: "We are extremely excited about the placement of our SaltMe! low sodium crisps on Thrive Market.  Thrive Market is an extremely well-regarded and national e-commerce platform offering natural and organic food products to their members. With over 1.2 million members, they speak directly to consumer looking for healthier snack options. This new placement across three new United Natural Food Distribution Centres allows us the opportunity for additional retail distribution and new account placements."

 

About Thrive Market

 

Thrive Market carries more than 6,900 products from over 800 brands, including organic and non-GMO foods, ethically sourced meat and seafood, non-toxic home and beauty products, organic and biodynamic wine, and items for babies and children. Thrive Market also offers approximately 700 of its own products, available exclusively to members. The company allows users to filter their search results by more than 90 different diets and lifestyle choices. Examples of filters include vegan, paleo, keto, gluten-free, Fair Trade certified, and non-GMO project verified products. 

 

Thrive Market is based on an annual membership model, which allows the company to keep prices low. Thrive Market offers incentives to members including discounts, gifts, exclusive product collaborations, and samples with orders. For every paid Thrive Market membership, a free membership is donated to a family in need in the United States as part of the company's Thrive Gives program. Students, teachers, veterans, nurses, and first responders are also eligible for free memberships.

https://thrivemarket.com/

For more information, please visit www.microsaltinc.co, follow on X @microSaltPLC or contact:

 

MicroSalt plc

Via Flagstaff PR

Rick Guiney, CEO 




Flagstaff PR (Financial PR)   

+44 (0)20 7129 1474

Tim Thompson / Alison Allfrey / Anna Probert        

microsalt@flagstaffcomms.com


 

About MicroSalt®

 

MicroSalt® produces a patented full-flavour, low-sodium salt for food manufacturers and consumers.

 

MicroSalt is a major potential disruptor in the food market, thanks to its micron sized particles which deliver the same sense of saltiness to a wide range of foods but with approximately 50% less sodium. Excess sodium consumption is a significant contributor to cardiovascular disease and MicroSalt's solution meets the rising demand for healthier alternatives to traditional salt. The WHO has set a target for reducing global sodium intake by 30% by 2025, which it estimates will save 7 million lives by 2030.

 

Each year, cardiovascular disease costs the UK £19 billion - if the average salt intake was reduced by one gram per day, it has been estimated that 4,147 lives and £288 million would be saved each year in the UK. As a nation, the UK consumes 183 million kilograms of salt each year, and 70 per cent. of the typical person's sodium intake is hidden in processed foods.

 

Operational since 2018, MicroSalt uses a patent-protected technology which helps create high barriers to entry within the reduced-sodium salt market. The group has a US patent and 14 patent applications pending in other jurisdictions globally.

 

The Directors believe that MicroSalt is well positioned to capture growth in the low sodium market, which is expected to grow exponentially, and that there is also scope to enter the larger salt market.

 

MicroSalt has a three-pronged marketing strategy, targeting large B2B food manufacturers, the B2C market and e-commerce customers. Microsalt's all natural, low-sodium solution is well positioned to take advantage of the fast-growing market for a healthier alternative to traditional salt.

 

ENDS

 

 

 

 

 

 

 

 

 

 

 

 

                         

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