Tekcapital plc Salarius Ltd Appoints Directors (7895O)

TIDMTEK

RNS Number : 7895O

Tekcapital plc

22 May 2018

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

22 May 2018

Tekcapital plc

("Tekcapital" or the "Company")

Salarius Ltd Appoints Directors

Tekcapital plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from university technology, announces that Salarius Ltd, the developer of Microsalt, a proprietary low-sodium salt product, has added Eduardo Souchon and Steve McCready to its board of directors. Salarius ltd is a 100% wholly owned Tekcapital portfolio company.

Mr. Souchon is a business, brand and marketing executive with two decades of experience in taking businesses focused on snacks (Pringles(R)), health products and office supplies to commercial success in the consumer packaged goods (CPG) industry and the retail industry. Eduardo has significant end-to-end experience in brand building, innovation, and strategy gained from Procter and Gamble and Office Depot.

Mr. McCready has 18 years of innovation-focused product development experience in multiple product categories, with particular expertise in process development, scaling, and commercialisation. Recently, Steve served as Director of Product Development at Albertson's Companies, Inc., a leading U.S. supermarket company with more than $60bn in sales and 2,300 locations. Previously, Steve held positions as a research scientist at White Wave and ConAgra Foods and was product development project leader at Nestlé Ice Cream Company.

Dr. Clifford Gross, director at Salarius Ltd., said: "We are very excited to add Eduardo and Steve to Salarius' Board of directors, and we look forward to creating market value from Salarius' patented technology. Together we plan to explore the possible development and launch of Neosnax(TM), a new, healthy choice snack food brand that has all of the flavor and roughly half the sodium of most currently available snack foods."

About Salarius, Ltd.

Salarius has developed a patented process for producing nano particle edible salt crystals. The use of its edible salt crystals for topical food applications can deliver all of the flavour customers expect with about half of the sodium versus traditional salt. The mission of Salarius is to commercialize low-sodium Microsalt to improve the nutritional content of food and the health of individuals worldwide. To learn more, please visit www.salarius.co.

For further information, please contact:

 
 Tekcapital Plc                                 Via Walbrook PR 
 Clifford M. Gross, Ph.D. 
 
 Allenby Capital Limited (Nominated Adviser 
  & Joint Broker)                               [phone] 
 Jeremy Porter / Alex Brearley 
 
 Dowgate Capital Stockbrokers (Joint Broker)    [phone] 
 David Poutney / James Serjeant 
 
 Walbrook PR Ltd                                [phone] 
 Paul Cornelius / Helen Cresswell / Sam         [e-mail] 
  Allen 
 

Tekcapital plc - The World's Largest University Network for Open Innovation

Tekcapital's objective is to create value from investing in new, university-developed intellectual properties. Additionally, using its proprietary discovery search engine, linked to 4,500+ universities in 160 countries, coupled with expert scientific review, Tekcapital provides a range of IP investment services to make it easy for organisations to find, evaluate, acquire and license university-developed technology. Tekcapital plc is quoted 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

LEI: 213800GOJTOV19FIFZ85

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May 22, 2018 02:02 ET (06:02 GMT)