This post first appeared on Micro Cap Daily
Vystar Corp. (OTC: VYST) has been on a fast rise in recent days on significant volume. The stock ran big in January and February from sub pennies reaching highs over $0.15 a share.
Based in Worcester, Mass., Vystar® Corp. (OTC Pink: VYST) is a holding company for eco-friendly solutions for complex environmental challenges and the exclusive creator of Vytex Natural Rubber Latex (NRL), a multi-patented, all-natural, raw material that contains significantly reduced levels of the proteins found in natural rubber latex and can be used in over 40,000 products, and the owner of RxAir UV light air purification products. Vytex NRL is a 100% renewable resource, environmentally safe, “green” and fully biodegradable. Vystar is working with manufacturers across a broad range of consumer and medical products bringing Vytex NRL to market in adhesives, gloves, balloons, condoms, other medical devices and natural rubber latex foam mattresses, toppers, and pillows.
Vytex Natural Rubber Latex (NRL), a multi-patented, all-natural, raw material that contains significantly reduced levels of the proteins found in natural rubber latex and can be used in over 40,000 products. Vytex NRL is a 100% renewable resource, environmentally safe, “green” and fully biodegradable.
On May 28 VYST announced its Board of Directors has ratified a definitive agreement to acquire Fluid Energy Conversion, Inc. (FEC). FEC is a global green energy company whose patented and proprietary technologies harness sound energy in unique ways to destroy bacteria and viruses, improve water processing and irrigation, and enhance chemical reactions. Under the terms of the agreement, Vystar will acquire 100% of assets of Fluid Energy Conversion Inc., primarily consisting of its patent on the Hughes Reactor, for $100,000 in restricted common stock (2,500,000 Shares) of Vystar. All stock will be restricted and subject to a lock-up. The Vystar board of directors has unanimously approved the Transaction, which was previously approved by majority shareholder consent.
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“Fluid Energy Conversion has multiple R&D initiatives relating to environmentally friendly product development and distribution that has the potential to revolutionize multiple industries and substantially improve our RxAir air purification systems which we anticipate will catapult it to lead the competition,” stated Steve Rotman, CEO of Vystar. “Vystar anticipates testing of the prototype in the current quarter for Adapting Fluid Energy Conversion technology to enhance the effectiveness of the RxAir purification system to destroy airborne pathogens while decreasing the cost and size of Vystar’s RxAir units. The use of this patented technology is expected be a major differentiator of RxAir from the competition and is anticipated to be virtually impossible to emulate due to the patented IP.”
Rotman added, “In addition, Vystar intends to pursue completion of applications and product trials already underway for the FEC technology in multiple industries. We believe this has the potential to add new revenue streams and further diversify our product offering of eco-friendly solutions.”
On June 3 VYST extended and expanded its multi-year contract with Ranjit K. Matthan, Ph.D., an internationally renowned latex and rubber science expert, a member of Vystar’s Board of Directors and head of research and development for Vytex® rubber latex commercial and raw materials, to oversee multiple new initiatives. In this expanded role, he will steer R&D for the development of deproteinized dry rubber, which has potential for use in the US$227 billion global automotive tire market, as well as continue development of custom formulations for specific applications for Vytex deproteinized latex. Vystar has also contracted with Polymer Consultancy Services PLC (P) Ltd. (“PSC”) for execution of specific related R&D activities under the direction of Dr. Matthan. PSC is a highly respected for its innovative natural rubber science and technology services across the elastomer industry spectrum — from plantation to products.
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Currently trading at a $43 million market valuation VYST has $191k in the treasury, manageable debt and fast some sales. VYST is an exciting story developing in small caps; the Companies Board of Directors has ratified a definitive agreement to acquire Fluid Energy Conversion, Inc. (FEC). FEC is a global green energy company whose patented and proprietary technologies harness sound energy in unique ways to destroy bacteria and viruses, improve water processing and irrigation, and enhance chemical reactions. We will be updating on VYST when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with VYST.
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Disclosure: we hold no position in VYST either long or short and we have not been compensated for this article.
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This post first appeared on Micro Cap Daily