Vystar Corporation (OTCQB: VYST) and the Indian Rubber
Manufacturers Research Association (IRMRA) have signed a
Memorandum of Understanding (MoU) for a wide range of
collaborative activities, including but not limited to
research, innovation, testing and technology transfer in
midstream and downstream sectors of the rubber industry.
IRMRA is an internationally renowned
Research and Development Centre of Excellence for the
non-tire and tire sectors, with expertise in nanotech and
latex technologies. It is an autonomous institution under
the jurisdiction of The Department for Promotion of Industry
and Internal Trade (DPIIT), Ministry of Commerce & Industry,
Govt. of India, New Delhi with facilities in three
locations: Headquarters in Mumbai (Maharashtra), and
branches in Kolkata (West Bengal) and Sricity (Andhra
Pradesh).
"Within the natural rubber
latex industry, deproteinized natural rubber (DPNR), both
latex and solid, is known for its superior static and
dynamic properties that improve end product performance,"
stated Dr. K. Rajkumar, Director of IRMRA. "IRMRA's goal is
to team with Vystar to develop viscoelastic DPNR variants
having properties for expanding its applications in specific
new arenas such as green tires, biodegradable and other
unique bioelastoplast product lines that desire a new
approach. We appreciate that Vystar will be collaborating
with us for R&D in many different areas that have the
potential to benefit consumers as an environment sustainable
and renewable resource available worldwide."
The collaboration between IRMRA and
Vystar, the creator of Vytex multi-patented, non-enzymatic
deproteinized latex and solid natural rubber, could cover,
but is not limited to the following areas:
-- Testing and standard development in
relation to tire and non-tire and latex areas;
-- Collaboration and training to exchange
knowledge between Vystar and IRMRA researchers.
-- Product development such as: --
engineering rubber products -
--
engineering rubber products -
--
mounting, foams, seismic bearings, specialty rubber (cost
reduction),
-- substitute material (i.e.
polychloroprene and nitrile),
--
specialty rubber products; -- niche applications (i.e.
yoga and exercise mats, paints, balloons, adhesive,
footwear, wet suits); and
-- niche
applications (i.e. yoga and exercise mats, paints, balloons,
adhesive, footwear, wet suits); and
--
applications in non-allergenic gloves and tires.
-- Sustainability certification (e.g.
Forestry Stewardship Council (FSC), tire labelling, REACH
(chemicals), etc.
-- Consortium between
IRMRA and Vystar to explore potential market in
non-traditional rubber markets, such as Africa and potential
IRMRA commercial technical support if Vystar and its
marketing partners expand into emerging markets such as
Africa and Latin America.
In the future,
the parties may enter into a legally binding agreement for
cooperative implementation of any or all of the above as
both parties see fit.
The solid Vytex
forms open up the dry rubber industry segment with the tire
industry. Tires and automotive rubber components account
for 65% of the rubber industry, consuming 9 million metric
tons of natural rubber annually.
"IRMRA
is internationally recognized for its vast breadth of
expertise and resources in the tire and non-tire industries,
as exemplified by its November 2020 Letter of Cooperation
with ASTM International, the global standards organization.
This MOU with Vystar creates the potential to open doors to
many new opportunities for the use of sustainably produced
Vytex," noted William Doyle, Vytex R&D Adviser and former
CEO of Vystar. "Vystar is looking forward to collaborating
with IRMRA to explore new solutions to improve products and
create more environmentally friendly products."
"Manufacturers across many industries are
working continuously to identify eco-friendly sustainable
and biodegradable materials to replace non-renewable,
non-biodegradable materials, such as synthetic rubber and
plastics," stated Steve Rotman, Vystar CEO. "Many are also
looking for low or no nitrosamine and ammonia formulations
of latex. This opportunity to collaborate with IRMRA's vast
source of knowledge and experience may lead to the
development and/or adaptation of new Vytex formulations, dry
rubbers and bioelastoplasts to meet their needs, with the
added benefits of healthier manufacturing environments and
sustainable end products with enhanced properties."
Vytex is a rubber hydrocarbon material
with the proteins and non-rubber components that cause
allergies removed to create an ultra-pure latex and dry
rubber with a more compact molecular network of greater
durability and flexibility that is virtually odor free with
a reduced risk of developing or triggering contact
allergies. An added bonus is that Vytex is completely
biodegradable and sustainably sourced. Vytex is ideal for
applications such as medical devices, catheters, tubing,
condoms and gloves (natural rubber latex glove use has been
surging worldwide amid the COVID-19 crisis). Other products
include foam mattresses, toppers, pillows, cushions,
balloons, adhesives, sports equipment, footwear, apparel and
threads. It is compatible with several synthetic rubbers
which also enables their synergistic and symbiotic usage.
For details on Vytex licensing,
deproteinization or purchase, contact info@vytex.com or
508-791-9114 or visit Vytex.com.
Follow
Vystar and Vytex news on Twitter: @VystarCompany
Hashtags #IRMRA, #tires, #tyres,
#tireindustry, #tyreindustry, #disposablegloves ,
#latexgloves, #vystar, #vytex, #naturallatex
# # #
About Vystar
Corporation:
Based in Worcester, Mass.,
Vystar Corp. (OTCQB: VYST) is the majority owner of Rotmans
Furniture and Carpet and environmentally friendly
technologies and products to improve lives, such as RxAir UV
light air purification products, Vytex Natural Rubber Latex
(NRL) and Fluid Energy Solutions. Vystar is the exclusive
creator of Vytex, 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. For more information, visit
www.vytex.com.
About IRMRA
The Indian Rubber Manufacturers Research
Association, established in 1958, is an internationally
renowned Research and Development Centre of Excellence both
for non-tyre & tyre sectors in India. IRMRA is an autonomous
institution under jurisdiction of The Department for
Promotion of Industry and Internal Trade (DPIIT), Ministry
of Commerce & Industry, Govt. of India, New Delhi, having
ISO / IEC 17025 -2017 accredited laboratories in Mumbai
(Maharashtra), Kolkata (West Bengal) and Sricity (Andra
Pradesh) with R&D and testing facilities for polymer and
allied industry.
In the last 60 years,
with the help of state-of-the-art facilities created with
the initial financial assistance granted by Ministry of
Commerce & Industry, Govt. of India and expertise developed
by our talented scientists, IRMRA is well known for its
expertise in the fields of tyre and non-tyre testing and
investigations, research and products/compound development,
training & manpower development and consultancy services.
It has diversified its activities in sophisticated new areas
such as nano and latex technologies, as well as rubber
engineering. For more information visit www.irmra.org
Contacts:
Vystar
Media: Julie Shepherd, Accentuate PR, 847
275 3643, Julie@accentuatepr.com
Investors: Lee Howley, lhowley@vytex.com
508-791-9114
Distributor Opportunities:
Steve Rotman, CEO, lhowley@vytex.com 508-791-9114
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