Tekcapital - TEKCF STOCK NEWS

Tekcapital Plc (OTCQB: TEKCF) welcomes the FDA's new voluntary sodium reduction goals aimed at improving public health. These guidelines encourage food manufacturers to reduce sodium levels in processed foods within 2.5 years. The initiative is expected to boost sales for MicroSalt® and SaltMe! snacks, as they offer a low-sodium solution without compromising flavor. MicroSalt's patented technology delivers a full-salt experience with half the sodium, positioning it as a viable option for compliance with the new FDA standards.

On August 16, 2021, Tekcapital Plc (OTCQB: TEKCF) reported significant financial growth for the six months ending May 31, 2021. Net assets surged 56% to US$51.1 million, with a NAV per share of US$0.39. Total revenue reached US$14.5 million, a substantial increase from US$2.9 million in the same period last year. Profit before tax rose to US$13 million, up from US$1.9 million. The company also completed a successful share placing to raise US$5.28 million. Key operational highlights included Belluscura's IPO and the strategic growth of its subsidiary companies.

Tekcapital Plc (AIM:TEK, OTCQB:TEKCF) will present at the SNN Network Summer Virtual Event on August 18, 2021, at 4:30 PM ET. Led by Executive Chairman Clifford M. Gross, Ph.D., the presentation aims to engage investors and showcase Tekcapital's innovative approach to commercializing university technology. Tekcapital's portfolio includes companies in sectors such as respiratory devices, food-tech, autonomous vehicles, and smart eyewear, focused on addressing significant market needs and enhancing shareholder value.

Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), an intellectual property investment group, announced that Dr. Clifford M. Gross will present live at VirtualInvestorConferences.com on August 5, 2021, at 10:30 AM Eastern Time. Investors can join the interactive presentation to ask questions in real-time, with an archived version available afterward. Tekcapital focuses on commercializing university-developed technologies, currently managing four portfolio companies in sectors like respiratory devices and smart eyewear, aiming to enhance shareholder value.

Tekcapital plc (AIM: TEK, OTCQB: TEKCF), a UK-based intellectual property investment group, has announced a live Skyline Signature Series webinar scheduled for August 3, 2021, at 11 am ET. The webinar aims to update investors and will be hosted by CEO Clifford M. Gross. As the sole presenter, Tekcapital seeks to effectively communicate its business developments to a curated audience of financial professionals. Registration for the event is available through a provided link.

Tekcapital Plc (AIM: TEK, OTCQB: TEKCF) announces that its portfolio company, Innovative Eyewear, Inc., has signed an exclusive purchase and distribution agreement with 8 Points Inc., a subsidiary of Marca Eyewear Group Inc. The deal includes a minimum purchase of US$4.6 million over 30 months for Lucyd® Lyte® e-glasses to maintain exclusivity in Canada. Monthly purchases will increase, and failure to meet these requirements could lead to a loss of exclusivity. This partnership aims for significant market penetration of Lucyd's products across Canada.

Tekcapital Plc (OTCQB: TEKCF) announced that its portfolio company, Belluscura plc, has been listed on the AIM Market of the London Stock Exchange. Trading started on May 28, 2021, at an IPO price of 45 pence per share, valuing Tekcapital's 17.1 million shares at approximately US$10.8 million, reflecting a gain of about US$8.8 million since November 30, 2020. Tekcapital's shares will be under a 12-month lock-in period following the IPO. This marks the first public listing for Tekcapital's portfolio, indicating a significant achievement in their investment strategy.

Tekcapital Plc (OTCQB: TEKCF) announces that its portfolio company Guident has successfully demonstrated low-latency vehicle control software for its Remote Monitoring and Control Center (RMCC) in Boca Raton, Florida. The RMCC aims to enhance the safety of autonomous vehicles (AVs) by allowing remote oversight and control, which complies with Florida law. The last mile AV delivery market is projected to reach $41.7 billion by 2028, with Guident’s technology positioned to capitalize on increased demand for contactless delivery solutions.

Tekcapital has reported record results for the year ended November 30, 2020, with net assets growing by 45% to US$32.7 million. The portfolio valuation rose 50% to US$30.5 million, while total revenue increased to US$9.9 million, up from US$7.7 million in 2019. Profit after tax stood at US$7.7 million, compared to US$5.5 million the previous year. Significant developments include partnership agreements for Salarius' MicroSalt® and Lucyd's innovative eyewear, along with successful fundraising efforts. The company's annual report will be available on May 4, 2021.