27th Jan 2015 08:39
LONDON (Alliance News) - Intellectual property services firm Tekcapital PLC said Tuesday that it has acquired an exclusive license for a patent-pending coating for baked products which emulates the attributes of fried foods.
The coating has been developed by the University of Arkansas' Division of Agriculture, and involves an improved composition and process to bring liquid oil into a powdered or wet batter coating for food products.
Tekcapital said that this process reduces the fat content of the finished product by around 60%.
The company will issue 65,732 shares to the University of Arkansas for the acquisition of the license.
Shares in Tekcapital are trading up 5.6% at 20.60 pence Tuesday morning. m
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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