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MicroSalt plc ( (GB:SALT) ) has shared an announcement.
MicroSalt plc has announced the filing of a new patent with the USPTO for innovative methods in creating granulated salt from powdered formulations, specifically aimed at the food service industry. This development, focused on fried foods like French fries, addresses the challenge of reducing sodium in the fast-growing global French fry market, projected to reach $21.9 billion by 2030. In addition, MicroSalt has secured a partnership with Carma Hospitality, a Montreal-based restaurant chain, which has integrated MicroSalt’s formulation into its operations to maintain consistent seasoning while achieving sodium reduction goals. This endorsement highlights the potential impact on the company’s operations and industry positioning, presenting MicroSalt as a key player in the sodium reduction market.
More about MicroSalt plc
MicroSalt plc is a pioneering company in the food industry, known for producing full-flavor, low-sodium salt using patented technology. With its micro-sized particles, MicroSalt offers a significant reduction in sodium while maintaining the taste, catering to the growing demand for healthier alternatives. The company targets large B2B food manufacturers, B2C markets, and e-commerce customers, positioning itself strongly in the expanding low-sodium market.
YTD Price Performance: 58.42%
Average Trading Volume: 74,555
Technical Sentiment Consensus Rating: Strong Sell
See more insights into SALT stock on TipRanks’ Stock Analysis page.