Patent Update for Crackle-baked(R) Technology

RNS Number : 5263G

Tekcapital plc

23 November 2015

 

23 November 2015

Tekcapital plc

("Tekcapital" or the "Company")

Patent Update for Crackle-baked® Technology

Tekcapital plc (AIM: TEK), an international provider of technology and intellectual property services, announces that the University of Arkansas has received a "Notice of Allowance" from the US Patent and Trademark Office for Crackle-baked®, confirming its patent application has been successful. Tekcapital acquired the exclusive worldwide license for Crackle-baked®, a coating composition and process for baked products to impart the attributes of fried products, in January of 2015.

Termed Crackle-baked® by Tekcapital, this unique process enables baked foods to have similar attributes, in terms of taste and texture, to those of fried foods but with approximately 60 per cent. less fat content in the finished product.

The US patent will protect the IP surrounding Crackle-baked® until 2030 and management therefore believe this technology is now well placed for mass market adoption via out-licensing to food producers or the companies that supply them.

Commenting on the announcement, Dr. Clifford M. Gross, Executive Chairman of Tekcapital plc, said: "The receipt of the Notice of Allowance advances the potential commercialisation of Crackle-baked®.  We are actively engaged to secure an out-license partner and will update the market in due course."

For further information, please contact:

Tekcapital Plc		[phone] Ext 305
	Clifford M. Gross	[e-mail]
Allenby Capital Limited (Nominated Adviser & Joint Broker)		[phone]
Jeremy Porter / Alex Brearley
Optiva Securities Limited (Joint Broker)		[phone]
Jeremy King / Vishal Balasingham		[e-mail]
Walbrook PR Ltd		[phone]
Paul Cornelius / Paul McManus		[e-mail]

Tekcapital plc - The World's Largest University Network for Open Innovation

Tekcapital helps clients profit from new, university-developed intellectual properties. With our proprietary discovery search engine, linked to 4,000+ universities in 160 countries, coupled with expert scientific review, we provide a turn-key service to make it easy for clients to find and acquire the IP they need to create a competitive advantage. Tekcapital plc is listed on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com

 

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