Tekcapital Plc announced that it has entered into a loan agreement with Innovative Eyewear Inc. and Tekcapital Europe ltd, a wholly owned subsidiary of Tekcapital plc. The amount of the loan is £600,000, the term of the loan is 90 days, and the annual interest rate is 10% . The Loan is unsecured and is being used by Tekcapital to contribute towards the proposed placing and Admission to trading on AIM of MicroSalt plc.

Tekcapital currently owns approximately 87% of the share capital of MicroSalt plc and 92% of MicroSalt Inc. its U.S. subsidiary.