Vystar Corp. (OTC: VYST) is seeing lots of action in recent days as the Company continues to make big moves. This week we learned FirstFire Global Opportunities Fund, an institutional investor who previously provided funding to Vystar, has invested $200,000 in Vystar at $0.15 per restricted common share, a 250% premium to Wednesday’s market close. FirstFire may now take part in any of VYST’s upcoming investment rounds in an amount up to $200,000 on the same terms Vystar offers to other investors for the next nine months.
VYST has had a wild last few months running from $0.0005 last year to highs of $0.158 before coming back to new support levels over a nickel.
Vystar® Corporation (OTC Pink:VYST) is 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. 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.
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On March 4 VYST announced it has been granted European, EP Patent No. 2238183 entitled “Natural Rubber Latex Having Reduced Allergenicity and Method of Making Same.” Vystar now holds 13 foreign and 4 U.S. patents related to its latex deproteinization process for the production of Vytex(R), a natural rubber latex (NRL) that is virtually free of allergen-causing latex proteins, thereby reducing risk of developing or experiencing allergic reactions to latex from direct contact.
The Vytex deproteinization process removes the odor-causing latex proteins, eliminating the strong odor of traditional latex and creating a stronger latex bond that increases its durability, strength, elasticity. and bright white color. Vytex deproteinization process makes it more eco-friendly than its competitors, as there is no need for traditional water rinses or fragrance to address the odor or the addition of dyes or bleaches to improve whiteness. Vytex is sustainably sourced and completely biodegradable, in sharp contrast to petrochemical based memory foam, vinyl and synthetic latex
VYST CEO Steve Rotman stated:
“This patent extends important intellectual property (IP) protection for Vystar in the production and distribution of Vytex to Europe using the Vytex formula to meet the growing demand for low protein NRL for products including balloons, examination and surgical gloves, condoms, breather bags, latex tubing, probe covers, catheters, threads, foams, cold seal and pressure sensitive adhesives. This new patent extends our coverage for a decade and we have now broadened our protected areas in Europe to include additional manufacturing areas. While we have had broad protection for methods of deproteinization to reduce allergenicity, we now have further coverage for end products as well. We are particularly pleased to have added protection in Germany, The United Kingdom, France, Spain and Italy, which account for much of latex product manufacturing in Europe.”
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Currently trading at a $17.4 million market valuation VYST has $191k in the treasury, manageable debt and fast growing sales reporting $187,543 for the 3 months ended September 30, 2018 up from a few k for the same period last year. VYST is an exciting story developing in small caps; the Company ) is 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. 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.