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SALT Microsalt Plc

104.50
4.00 (3.98%)
17 May 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 Shares Traded Last Trade
  4.00 3.98% 104.50 86,783 16:19:04
Bid Price Offer Price High Price Low Price Open Price
103.00 106.00 104.50 100.00 100.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:38 O 5,000 104.50 GBX

Microsalt (SALT) Latest News

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Microsalt Forums and Chat

Date Time Title Posts
17/5/202420:22Microsalt : SALT Links and Discussion. 154
21/2/202417:20MicroSalt Plc: natural salt with 50% less sodium126

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Posted at 15/5/2024 08:21 by oliversanvil
MicroSalt plc

("MicroSalt" or the "Company")



Patent Issuance for Novel Low Sodium Salt



MicroSalt plc, (AIM: SALT) a company producing full-flavour, low-sodium salt for food manufacturers and consumers, is pleased to announce that the United States Patent and Trademark Office has granted and will issue its patent number 11,992,034 entitled Low Sodium Salt Composition on 28 May 2024 (the "Patent"). This relates to Microsalt's patent application No. 18/175,028, previously announced by the Company on 6 March 2024.



The Patent concerns the production of MicroSalt having claims directed to a low-sodium salt that adheres better to foods than a traditional salt that is not adhered to a carrier particle, and that is produced according to MicroSalt's claimed improved production process.



MicroSalt also has counterpart patent applications as described in the Company's admission document dated 27 January 2024, with claims directed to similar subject matter as the Patent, pending in countries including China, Chile, Australia, Brazil, Europe, Canada, Japan, Russia, Mexico, India and Hong Kong.



MicroSalt also owns a previously issued United States patent directed to its salt carrier product and production processes, and a United States provisional patent application directed to additional innovations.
Posted at 09/5/2024 08:07 by masurenguy
Blue sky potential: MicroSalt (SALT:AIM) 70.5p

One market minnow on a mission to reduce sodium consumption and heart disease is MicroSalt (SALT:AIM), producer of a patented full-flavour, low-sodium salt for food manufacturers and consumers that is strengthening its intellectual property position and could reward a punt if its technology fulfils its tasty potential over the next decade, though the market newcomer is no stock for widows and orphans. Revenue remains modest and the company chalked up operating losses of $2.5m in the year to December 2022 followed by a $1.7m deficit in the six months to June 2023 due to ongoing investment in the MicroSalt brand and new product formulations. Liquidity is also thin given TekCapital’s (TEK:AIM) majority stake. Nevertheless, the shares are up 65% on February 2024’s 43p IPO price in recognition of its potential to disrupt the food industry and growth scope in a global sodium reduction ingredients industry worth an estimated US$5.5bn in 2021 and forecast to reach US$9.6bn by 2032.

Management believes the £30.5m cap, whose consumer products include 50% less sodium salt shakers and SaltMe! low sodium crisps selling on Amazon and stocked on retail shelves across the pond, is well positioned to capture growth in the low sodium market and enter the larger salt market, with major, though as yet unnamed, food, drink and snack manufacturers developing and trialling MicroSalt across their products. MicroSalt also secured its first placement into the premium food service sector with Carma, a chain of restaurants in Canada, which CEO Rick Guiney said demonstrates ‘the wide appeal of Microsalt and offers a real-world example of our potential in the foodservice channel’. [JC]

Complete article:

Interesting stock although early days in its development. No position but onto my watchlist.
Posted at 02/5/2024 09:35 by lord loads of lolly
kiplig - not sure what "all the nasties" are which you claim other low sodium salts contain?

Potassium chloride is the main one out there and scientific studies have shown this to be safe:

www.ncbi.nlm.nih.gov/pmc/articles/PMC4848703/

Final paragraph reads: "Potassium chloride has gained regulatory acceptance for use in food products in the United States and European Union and also numerous other international scientific bodies and regulatory authorities. Therefore, based on the intake data, reformulation scenarios and increasing global regulatory acceptance, potassium chloride is recommended as a valuable, safe replacer for sodium chloride in food products."

There are many low sodium salt alternatives containing potassium chloride. They're manufactured by household names like Saxa and are far cheaper than Microsalt. I'm sure Microsalt's small crystal size gives it some adhesion advantages in the food processing sector. But Tate & Lyle launched a similar product - Soda-Lo - years ago and it spectacularly bombed & is now discontinued:

www.tateandlyle.com/sites/default/files/2017-08/SODA-LO%C2%AE%20Salt%20Microspheres-Sell%20Sheet%20EMEA-112216_A4_EN-GB%20(1).pdf
Posted at 26/4/2024 16:40 by lord loads of lolly
davebowler - here's why.

TEK is trading at a vast NAV discount currently. But there's a very good reason for this. Namely, TEK's business model shows no clear way of crystallising the value in any of its holdings.

It failed to take any money off the table when Lucyd, Belluscura & Microsalt floated. So far, the only one in the money still is Microsalt. And TEK's locked in for 12 months here, so who knows how it'll pan out.

Lucyd & Belluscura have totally tanked post-IPO, not to mention the dilutive placings and/or loan arrangements to keep the lights on which have further eroded TEK shareholder value.

Just take a look at TEK's share price. It's below where it was 3 years ago. And LESS THAN A SIXTH of its peak back in 2015.
Posted at 21/2/2024 11:27 by purchaseatthetop
Any licensing income goes into Microsalt Inc. a 92% owned US company. They have the IP rights.

Admission Document:
“13.1.11
Intercompany license agreement between the Company and the Subsidiary
On 22 October 2020, (as amended on 17 July 2023) the Company entered into an intercompany license agreement with the Subsidiary pursuant to which the Company grants to the Subsidiary an exclusive licence to the "Intellectual Property Rights" to develop, make, manufacture, have made, use, sell, have sold, import, export, lease, otherwise transfer, and/or offer for sale products) covered by the '650 Patent and US patent application 16/535,703. The Subsidiary is also granted the right to sublicense its rights under the licence either exclusively or non-exclusively as it sees fit. The licence is stated to be revocable on termination of the agreement, which may be terminated for material breach, insolvency, or if the Subsidiary challenges the validity or enforceability of any of the licensed intellectual property rights.
In consideration of the licence grant, the Subsidiary agreed to pay the Company: (i)
US$1.00 plus 100 per cent. of its initial issued shares; and (i) a royalty payment equal to three per cent. of net sales of products that incorporate the licensed intellectual property rights payable quarterly for the term of the agreement. In addition, upon the successful license or sale of the licensed patents, the Subsidiary agreed to pay US$13,000 to the Company plus 30 per cent. of all future net sales or licensing income derived from the licensed patents. There are no termination provisions.”

And:
“13.1.14
Assignment agreement between the Company, Ya-Jane Wang, Sakharam K. Patil and S K Patil & Associates, Inc.
On 1 June 2016, the Company entered into an assignment agreement with Ya-Jane Wang and Sakharam K. Patil, and S K Patil & Associates, Inc. ("Assignors") under which the Assignors assigned to the Company all their right, title and interest in and to the '650 Patent and the invention protected by it. The consideration for the assignment was US$5,000 and the Company further agreed that upon the successful license or sale of the '650 Patent, it would provide US$13,000 to the Assignors plus 30 per cent. of all future net sales or licensing income derived from the '650 Patent. There are no termination provisions and no governing law provisions.
On 1 June 2018, the Company entered into an amendment agreement with the Assignors in respect of the assignment agreement dated 1 June 2016. The amendment agreement added that if the Company or any company within its group decides to manufacture and/or sell the patented salt or foods that utilise the patented salt, then the Company is required to pay a royalty of three per cent. of net sales of products that utilised the patented technology for the life of the 650 Patent. There are no termination provisions”

So any licensing income goes into Microsalt Inc, not Microsalt plc. 30% of that money goes to the Patils snd the remaining money might be then sent to Microsalt plc but only after the 8% shareholders get their money snd all costs are covered.
Posted at 21/2/2024 06:04 by purchaseatthetop
No truant. It’s not low sodium salt. Its is micro sized salt particles so you get more surface area of salt for the same amount of salt. It means it has a saltier taste with less salt because it dissolves on the tongue quicker than larger particles.

However, there are some problems….

1) the food industry mostly does not use salt to make food taste nice. It is there to preserve the food. Size of particle is not important there.
2) the USP of Microsalt is that it is 100th of the size of normal salt size. But micro sized salt already exists. This Microsalt is smaller than microfine salts but only by a much smaller amount.
3) they have been trying to sell this tech since 2016 but nobody wanted it. The food mega companies have had a decade to jump in.
4) the patent runs out in 6 years so that’s game over.

So basically this looks like a final attempt to get some cash out of it.
Posted at 18/2/2024 09:19 by bountyhunter
Incidentally there's another patent only recently filed which relates to a growing $0.5tn market..

07/09/2023 7:00am
RNS Non-R
07 September 2023
Tekcapital Plc

MicroSalt(R) files New Patent to Improve Baked Goods

Tekcapital Plc (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, is pleased to announce that its portfolio company Microsalt Ltd ("Microsalt") has filed a new patent application (# 63/580,590) entitled "Compositions and methods for reduced leavening time and sodium content in doughs comprising micron-sized salt particles adhered to a carrier," to improve baked goods.

Highlights:

-- MicroSalt has recently demonstrated the successful utilisation of its proprietary low-sodium technology with a new recipe for use in baked goods


-- There is significant global demand for reducing sodium in a wide variety of baked goods
-- MicroSalt believes its new low sodium recipe reduces both sodium content and baking time for baked goods, enabling an improved nutritional profile coupled with a more sustainable and cost-effective production process

Rick Guiney, CEO of MicroSalt(R), commented:

"We are very excited about our new invention which we believe enables the production of baked goods quicker, less expensively, and with reduced sodium. The bread market is extremely compelling for us, with global volumes expected to reach 216.7bn kg by 2028 [1] . Our ability to not only reduce sodium but to enable a more efficient production process could be a watershed moment in the fight against excess sodium consumption, and we have already seen a high level of interest from one of the world's largest food companies."

Market Size

According to Statista the global bread market is estimated to be valued at US$0.5tn in 2023 and is expected to grow annually by 6.83% (CAGR 2023-2028). [2] MicroSalt believe that its new technology can be utilised on a wide variety of baked products to significantly reduce their current sodium concentrations. Potential product applications are listed below.

Common Types of Bread (2 slices/serving)
[3]
Sodium Content (mg) per serving
White Bread 340
Whole Wheat Bread 276
Rye Bread 422
Multigrain Bread 253
Sourdough Bread 304
Mixed Grain Bread 253
Marble Rye and Pumpernickel Bread 346
White with Whole Wheat Swirl Bread 314
==========================================================================================================

Reduced Calorie Bread (2 slices/serving)
Wheat Bread 235
White Bread 208
Multigrain Bread 158
Rye Bread 211
==========================================================================================================

Other Bread Varieties (2 slices/serving)
Cracked Wheat Bread 269
Italian Bread 234
Oatmeal Bread 323
Raisin Bread 203
Wheat Bran Bread 350
==========================================================================================================


Rolls and Buns (1 roll/serving)
Dinner Roll 146
Wheat Dinner Roll 95
Egg Dinner Roll 191
French Roll 231
Hamburger or Hotdog Roll 206
Mixed Grain Hamburger or Hotdog
Roll 197
=================================
According to the U.S. Food and Drug Administration ("FDA"), 2,300 mg/day is the maximum recommended sodium consumption for healthy adults. [4] By reference, a single serving of white bread currently exceeds 14% of the daily maximum recommended consumption of sodium.
Posted at 08/2/2024 20:05 by mr.oz
Strategy Highlights:



· MicroSalt is sufficiently capitalised and well-positioned to pursue immediate opportunities in its business to business ("B2B") and business to consumer ("B2C") channels.



· The Board believe nearer term profitable growth will primarily be driven by its B2B business. In 2024, the Company will continue to prioritise conversion of current B2B customer trials into commercial volume orders, expanding current product line sales across to other product lines and to establish new potential B2B partners to reformulate their product ingredients using MicroSalt technology to reduce sodium content.



· Having secured commercial orders from Customer B, the Mexican business of one of the world's largest food, soft drink and snack manufacturers, and Customer A, a national Fortune-500 pharmacy / food retailer, for use in their crisp and salted nuts lines, the Board see a clear path to sales growth in its higher volume B2B business. The Company expects to announce new orders and new customers, primarily based in the US, in the coming period.



· MicroSalt is in early-stage discussions with three of the largest UK supermarkets to use MicroSalt technology in their own-label products, as well as suppliers of ready-meals and a fast food burger company.



· MicroSalt plans to attend at least 12 food shows globally, including international events in Frankfurt, Paris, Shanghai, Dubai, and Stockholm.



· In addition to over 1,000 US and Filipino outlets stocking MicroSalt salt shakers, the Company will maintain its global expansion, aiming to make B2C products available in more top-tier retail stores, and in new territories.



· To manage expected growing order volumes, the Company will continuously monitor and expand as appropriate its global distribution and logistics network of third party manufacturing facilities, storage hubs, and transportation routes. In the longer term, the Board may determine it appropriate to build and manufacture some of its required volumes inhouse.



· The Company is encouraged by global regulatory agendas supporting reduced sodium consumption and will seek to engage constructively with authorities and policymakers.



· Through MicroSalt's marketing and sales strategy, the Company will continue to educate consumers on the health benefits of lowering sodium consumption, and communicate to the food manufacturing industry the commercial benefits of reformulating products with MicroSalt's low sodium technology.



Reformulation



MicroSalt is working with existing and potential customers to reformulate products in order to reduce sodium content using MicroSalt's patented technology. The Company is encouraged by results to date, which include successful testing results for Customers A, B and C (as described in the Company's admission document). MicroSalt has a sales pipeline of potential customers engaged in testing and expects to announce additional updates throughout 2024.



MicroSalt has proved its technology can be implemented in the reformulation of ingredients of crisps, bread, ready meals, and coatings for salted nuts. The Company believes many more products have the potential to include MicroSalt technology.



The Company believes a substantial commercial opportunity exists through the changing attitudes of major food companies to reduce sodium, and that it is well positioned to take advantage of the nascent market for a healthier alternative that tastes like traditional salt
Posted at 08/2/2024 19:11 by mr.oz
BH - it's simply twice as "salty" as normal salt, due to microscopic particle size yet larger surface area. That gives improved adhesion too.

lifted from website :

A breakthrough patented technology in salt production. MicroSalt® salt particles are natural salt that are approximately 100 times smaller than traditional salt, therefore they dissolve on your tongue immediately, providing more saltiness with less sodium.

I'm happy for those very exiting B2B customers and the very experienced board to provide us the proof of the pudding.

New thread that'll keep relevant links in the header
Posted at 08/2/2024 16:35 by papillon
I no longer use salt at home, but obviously it's contained in many products I eat. I remember buying LoSodium salt in Sainsbury's over 20 years ago. Salt is only sodium chloride and in the LoSodium product some of the sodium chloride is replaced with potassium chloride. Both sodium and potassium chlorides are salts of alkali metals. Potassium chloride has a similar taste to sodium chloride. Whereas sodium chloride raises blood pressure, potassium chloride reduces it.
You can still buy LoSodium salt in Sainsburys.
Is MicroSalt based on the same chemistry as LoSodium and other low sodium salt products? If so then it has plenty of competition.
Microsalt share price data is direct from the London Stock Exchange

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