MicroSalt plc (AIM: SALT), a leading provider of full-flavour natural salt with approximately 50% less sodium, is pleased to announce it has received several new bulk purchase orders including from a new B2B customer.
Customer C – first order
Customer C is one of the world’s largest food, soft drink and snack manufacturers. Following a lengthy testing period across multiple product lines, MicroSalt has received an initial purchase order for approximately 50,000 lbs / 22 mT, with customer production using MicroSalt expected in November. MicroSalt® is to be used in one of the customer’s category leading food product lines. Annualised projections discussed with the customer exceed 200,000 lbs / 91 mT. The Company also anticipates additional purchase orders for Microsalt® in two more product lines, including a globally distributed cereal brand and energy bars in the first quarter of 2025.
Customer B -follow on orders
Customer B is the Mexican business of Customer C and one of MicroSalt’s longest standing B2B customers. Customer B has placed further orders for 63,860 lbs / 29 mT of MicroSalt® for delivery in January 2025. The Company expects this volume to annualise at approximately 640,000 lbs / 290 mT.
New B2B customer orders
The Company has also received two orders totaling approximately 3,000 lbs / 1 mT from the Canadian operations of one of the world’s largest spice and ingredient companies to be used in their production of a lower sodium seasoning.
Rick Guiney, CEO of MicroSalt, commented:
“We are very excited to have received a significant new initial order for MicroSalt to replace traditional salt in a major product line, adding to product lines previously launched with a globally recognised customer. Based on our ongoing discussions and the progress to date, we are also looking forward to the addition of Microsalt to other well-known product lines for this customer. Our progress within the spice and ingredient community as well as the successful efforts put forth at the SIAL event in Paris last week, is evidence that the hard work put in by the Microsalt team is bearing fruit globally.”
About MicroSalt plc
MicroSalt® is dedicated to innovating food technology solutions that enable people to live longer, healthier, and happier lives. Its patented low-sodium salt delivers natural salt with approximately 50% less sodium and may be used by both consumers and food manufacturers to decrease the amount of sodium in their food. SaltMe! chips are produced using MicroSalt®, a patented innovative salt technology which is 100% natural, non-GMO, gluten free, and Kosher certified, that does not contain any potassium chloride.
For more information, please visit www.microsaltinc.co, follow on X @microSaltPLC or contact:
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MicroSalt plc |
Via Flagstaff PR |
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Rick Guiney, CEO |
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Flagstaff PR (Financial PR) |
+44 (0)20 7129 1474 |
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Tim Thompson / Alison Allfrey / Anna Probert microsalt@flagstaffcomms.com |
