Vystar Corporation (VYST) Buyout Rumor with Tongdy Control Technology Ltd.

According to undisclosed sources Tongdy Control Technology Ltd. has engaged with Vystar Corporation (VYST) to purchase the RxAir UV light air purification products to gather the foothold in China due to the pandemic constantly evolving around Covid-19. The exact dollar amount is yet to be disclosed but RxAir is an air purification system used in hospitals, waiting rooms and classrooms. In fact, it’s used in 400 hospitals as an FDA approved class 2 medical device. RxAir has demonstrated to be effective to disinfect air and inactivate a number of pathogens including MERS and SARS using patented UV light air purification technologies.

The valuation at the time was an anticipated market capitalization of $10 million based on capital, assets and market track record. Of course that was pre Covid-19 and to say the valuation could go hyperbolic is an understatement If indeed UV light can inactivate the virus.

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Vystar Corporation is the owner and manufacturer of multiple brands of eco-friendly products for the home, office and medical sectors. Vystar is the creator and exclusive owner of the innovative technology to produce Vytex® Natural Rubber Latex (“NRL”). Our global multi-patented technology reduces antigenic and total protein in natural rubber latex products to virtually undetectable levels. Vytex NRL, our “ultra-low protein” natural rubber latex has been introduced throughout the worldwide marketplace that uses NRL or latex substitutes as a raw material for end products. Natural rubber latex or latex substitutes are used in an extensive range of products including balloons, foams, textiles, adhesives, carpet, paints, coatings, protective equipment, sporting equipment, and especially health care products like surgical and exam gloves and condoms.Vystar has expanded Vytex into the consumer arena with an introduction into the bedding category, aligning with key foam manufacturers to create mattresses, mattress toppers and pillows. Through this effort, Vystar can bring the benefits of great sleep and a more natural product to the public.Vystar is also bringing peace of mind to consumers in the clean-air space. RXAIR is the manufacturer of the finest air purification system in the world and an innovative developer, manufacturer and distributor of bio technology products targeting the rapidly growing Indoor Air Quality (“IAQ”) industry sector. RXAIR’s products include the RXAIR purification system for the home as well as one of the world’s finest lines of hospital-grade HEPA filtration products. All of our products are FDA certified as Class II medical devices and kill germs viruses and bacteria.

This release was published on openPR.