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.
9 December 2024
MicroSalt
plc
("MicroSalt" or the "Company")
MicroSalt
and Hippie Snacks
MicroSalt plc (AIM: SALT), a leading
provider of full-flavour, natural salt with approximately 50% less
sodium is pleased to announce a supply agreement, along with an
initial order, with Hippie Snacks, a Canadian company focusing on
minimally processed, clean label food products.
Rick Guiney, CEO of MicroSalt, said:
"We are very excited about the
partnership with Hippie Snacks. They are a well-regarded, widely
distributed family of products that has a mission that resonates
with ours - to provide healthier food for everyone. Their
distribution encompasses an active ecommerce business including
Amazon and Thrive as well as brick & mortar Tier-1 locations
such as Target stores across numerous markets. We are rolling out
with an initial item in Q1 of 2025 and expect to expand to as many
as 8 different SKU's during the next 12-24 months in both Canada
and the US."
Almond
Crisps, one of the many varieties of Hippie snacks.
Photo
courtesy of Hippie Snacks.
About Hippie Snacks
Hippie Snacks is a better-for-you
snack brand which started business selling organic tortilla chips,
before expanding across a number of popular plant-based crisps.
Based in Burnaby, British Columbia, Hippie Snacks is more than just
a plant-based snack company - it is one of Canada's founding
Certified B corporations. This vegan-friendly company is committed
to selecting high-quality, non-GMO, and whole-food ingredients from
local farmers and growers who support sustainable business
practices. Hippie Snacks is known for creating ethical and
responsible snacks through thoughtful ingredient sourcing and
mindful waste reduction. For more information, please visit
https://www.hippiesnacks.com/.
For
more information about MicroSalt, please visit
www.microsaltinc.com,
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.
MicroSalt uses its patented
technology to help create a high barrier to entry within the
reduced-sodium salt market. The group has two US patents plus
patents in China, Mexico, and Australia along with multiple 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