WORCESTER, Mass., Aug. 05, 2019 (GLOBE NEWSWIRE) -- Vystar Corp. (OTC Market: VYST) has received a notice of allowance from Brazil for a patent titled “Natural Rubber Latex Having Reduced Allergenicity and Method of Making Same” regarding a process to remove proteins, lipids and lutoids from natural rubber latex (NRL). Vystar now holds 12 international and four domestic patents related to its latex deproteinization process which results in Vytex®, a natural rubber latex virtually free of allergen-causing latex proteins, thereby reducing risk of developing or experiencing allergic reactions from direct contact.
“Brazil, the world’s ninth largest economy, the native home of Hevea Brasiliensis (rubber tree) and once the dominant supplier of latex, is now the tenth largest supplier of latex and is working hard to regain its market share,” said Steve Rotman, CEO of Vystar. “This notice of allowance provides important intellectual property (IP) protection for Vystar in the Brazilian market as we build relationships with latex producers and manufacturers there who are aggressively attempting to expand. Now that they’ve developed a fungus-resistant variety of Hevea Brasiliensis and more economical latex harvesting methods, they are well on their way to regaining lost ground.”
Vystar also has IP protection in Indonesia, Malaysia and India, which are three of the world’s top five producers of natural rubber. The latex industry has been growing at a compound annual growth rate (CAGR) of 5.89% over the last five years. Consumption is expected to continue to rise at CAGR 6.35%.
Vytex is sustainably sourced and completely biodegradable, in sharp contrast to petrochemical based synthetic latex or petrochemical based foam, synthetic latex and plastic products. The Vytex deproteinization process also removes the source of the latex odor, making Vytex more eco friendly than its competitors as there is no need for the excessive water rinses to remove odor during the manufacturing process or the need for artificial fragrance to mask the odor.
Competitively priced against traditional latex, Vytex is a superior material for more than 40,000 applications that typically use latex or petrochemical based materials. Vytex can be used in medical gloves, catheters and devices; condoms; mattresses, toppers and pillows; cushions; balloons; adhesives; sports equipment, footwear; padding, apparel and threads.
For details on Vytex licensing, deproteinization or purchase, contact info@vytex.com or (866) 674-5238, x1 or visit www.Vytex.com.
About Vystar Corporation:
Based in Worcester, Mass., Vystar® Corp. (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, and the owner of environmentally friendly technologies and products to improve lives, such as 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. For more information, visit www.vytex.com.
Contacts:
Media: Julie Shepherd, Accentuate PR, 847 275 3643, Julie@accentuatepr.com
Investors: Steven Rotman, Vystar CEO, 508-791-9114, srotman@vytex.com
Forward-looking Statements: Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of VYST officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future VYST actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and VYST has no specific intention to update these statements.