The share price of Tekcapital (TEK) soared by over 30 percent after a deal was struck with Gehring-Montgomery for the distribution of Salarius microsalt across the US.
Tekcapital was recently featured in the Shaerebuyers going for growth series – with Executive Chairman Dr. Clifford Gross providing a comprehensive overview of the ambitions of the company.
Salarius is a patented salt that is designed to dissolve in the mouth faster than regular salt but at the same time result in 50% less sodium intake. The balance increases the sensation of salt due to micron-size particles dissolving quickly.
Gehring-Montgomery delivers a variety of food and raw materials to customers across sectors in North America and praised Salarius for its health-benefits:
“Our partnership with Salarius complements our overall U.S. strategy offering, providing a highly innovative specialty, such as “Microsalt”, a cutting-edge ingredient, allowing consumers to lower their sodium intake yet maintain the product’s full flavor. This meets the challenges of the general public’s demand for ground-breaking, healthy alternatives that result in sodium reduction formulation,”Mark Bitting, President and MD of Gehring-Montgomery
The share price of TEK is currently at 13.2p following a 32% rise in early trading.