Vystar Corp. is planning to take the next big step with its new patented rubber latex.
The Atlanta-based company is looking at the first quarter of 2008 to launch full-scale production of its elastomer, which is called Vytex and produced through a proprietary process the company claims deactivates antigenic proteins in latex.
``Things are going well for us,'' President William Doyle said at the International Latex Conference.
``We've accomplished a lot since we were formed in April 2004 and I began writing our business plan,'' he said.
Most recently, the firm completed its capital funding initiative to support production of Vytex when Doyle took a trip to London to meet with a potential large-scale investor who has shown an interest in the upcoming sales launch of the new rubber latex.
The majority of Vystar's investors are physicians based in the U.S., the bulk of them located in Atlanta, he said.
Vystar has been working with Rivertex Malaysia, a division of England-headquartered Yule Catto, on building up to full-scale production of Vytex for the last nine months, producing a ton at a time at Rivertex's Malaysian plant, according to Doyle.
Rivertex will handle full production of Vytex when the firm begins making the rubber for use in products in 2008.
A large producer of pre-vulcanized rubber lattices and post-vulcanizable latex compounds, Rivertex operates three manufacturing facilities in Malaysia and Thailand.
The company has received numerous requests to sample the material, Doyle said, and it's likely Vystar will begin those tests in the fourth quarter.
``It's amazing the requests we've received and the breadth of industries involved,'' he said. ``But we must be careful of who we sample. We want companies with good reputations who are leaders in an industry.''
Vystar also has been contacted by firms that want to switch to Vytex with products they're planning to introduce next year, he said. ``They were scared away from natural rubber latex in the past because of the whole allergy issue.''
Initial tests show that the technology used to make Vytex reduces antigenic proteins to levels considered undetectable by most standard tests, Doyle said. ``This is not synthetic latex; it's low-protein latex. But it's pure rubber latex.
``Low-fat yogurt is still yogurt.''