Tekcapital (TEK)

Sector:

IT Services

Index:

FTSE AIM All-Share

9.25p
   
  • Change Today:
      0.60p
  • 52 Week High: 17.00
  • 52 Week Low: 6.25
  • Currency: UK Pounds
  • Shares Issued: 198.19m
  • Volume: 809,630
  • Market Cap: Ł18.33m

Tekcapital hails sweet results for salty product

By Josh White

Date: Wednesday 04 Jan 2017

LONDON (ShareCast) - (ShareCast News) - Technology and intellectual property services provider Tekcapital announced a successful test production and independent taste testing of µSalt, its proprietary, low-sodium salt product, on Wednesday.
The AIM-traded firm said it manufactured test quantities of µSalt in a 'current Good Manufacturing Practice' facility regulated by the US Food and Drug Administration.

Test quantities of µSalt were then supplied to several organisations for independent testing and evaluation.

The results of the study indicate that a taste test of traditional potato chips versus those salted with µSalt, with approximately 40% less sodium than traditional potato chips, yielded no statistically significant difference in perceived salt flavour.

"We are excited to report that we have produced and tested our natural µSalt product and have found that it provides a level of taste similar to traditional salt, but with approximately 40% less sodium," said Tekcapital executive chairman Clifford M. Gross.

"If widely adopted, we believe that the potential positive impact to improving the health of consumers could be significant.

"We are currently in discussions with a number of leading companies regarding commercialisation of this exciting new product and we will update the market in due course."

Tekcapital said that, according to market research firm IBISWorld Inc., sales of table salt in the United States in 2013 were approximately $598.7m.

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Tekcapital Market Data

Currency UK Pounds
Share Price 9.25p
Change Today 0.60p
% Change 6.94 %
52 Week High 17.00
52 Week Low 6.25
Volume 809,630
Shares Issued 198.19m
Market Cap Ł18.33m

Tekcapital Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.17% above the market average23.17% above the market average23.17% above the market average23.17% above the market average23.17% above the market average
53.09% above the sector average53.09% above the sector average53.09% above the sector average53.09% above the sector average53.09% above the sector average
Price Trend
56.18% below the market average56.18% below the market average56.18% below the market average56.18% below the market average56.18% below the market average
60.44% below the sector average60.44% below the sector average60.44% below the sector average60.44% below the sector average60.44% below the sector average
Income Not Available
Growth
17.12% below the market average17.12% below the market average17.12% below the market average17.12% below the market average17.12% below the market average
27.06% below the sector average27.06% below the sector average27.06% below the sector average27.06% below the sector average27.06% below the sector average

Tekcapital Dividends

No dividends found

Trades for 16-May-2024

Time Volume / Share Price
16:29 20,000 @ 9.43p
16:27 105 @ 9.48p
16:22 15,811 @ 9.43p
16:18 2,651 @ 9.43p
16:17 2,608 @ 9.43p

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