Signed Joint Development Agreement
MicroSalt Plc has signed a formal four-year Joint Development Agreement with a major global food manufacturer, Customer 3, to collaborate on developing new food solutions with significantly reduced sodium content while maintaining flavour. This agreement, following a non-binding term sheet signed in November 2025, establishes a framework for joint development with no compensation exchanged, as each party will bear its own costs. This milestone reinforces MicroSalt's strategic position in providing scalable sodium-reduction solutions to global food manufacturers, building on its existing commercial engagements and its technology which offers approximately 50% less sodium.
Select text to share a quote on X · sign in to keep highlights & notes in your SALT notes
MicroSalt (AIM: SALT), a leading manufacturer of full-flavour natural salt with approximately 50% less sodium, is pleased to announce that it has entered into a formal Joint Development Agreement ("JDA") with Customer 3, one of the world's largest food, soft drink and snack manufacturers (the "Partner").
This agreement follows the Company's announcement on 14 November 2025 regarding the signing of a non-binding term sheet between the parties.
The JDA provides a framework for a four-year collaboration between MicroSalt and the Partner focused on the joint development of new food solutions that significantly reduce sodium content, while maintaining a salty and savoury taste experiences for consumers. The agreement reflects the continued expansion in both the depth and breadth of the relationship between the two parties and will continue to build on existing commercial engagements.
Unless otherwise expressly agreed within the scope of individual projects, no compensation will be exchanged between the parties, and each party will bear its own costs incurred in connection with the collaboration.
The signing of the JDA represents an important milestone for MicroSalt, providing increased visibility over future development activity and reinforcing the Company's position as a strategic partner to global food manufacturers seeking practical, scalable sodium-reduction solutions.
Rick Guiney, Chief Executive Officer of MicroSalt, commented:
"This further agreement with Customer 3 is a validation of MicroSalt's unique offering to the global food and beverage industry. Collaborating with one of the world's largest food, soft drink and snack manufacturers underlines the strength and versatility of our technology that addresses one of the food industry's most pressing challenges. We look forward to working evermore closely with Customer 3 to deliver healthier food products to consumers worldwide in the coming years."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.