Vystar® Corp. (VYST.OB) Signs Licensing Agreement with KA Prevulcanised Latex Pvt. Ltd. of India
Vystar® Corp. and KA Prevulcanised Latex Pvt. Limited announced that they have entered into a three-year licensing agreement. Per the agreement, KAPVL gains the exclusive rights to manufacture and sell Vystar’s Vytex® Natural Rubber Latex (an all-natural, raw material with reduced levels of antigenic proteins) as its sole low protein in India, Sri Lanka, Pakistan, Bangladesh, Bhutan and Nepal. The initial agreement period is for three years and is tied to specific minimum sales volumes and quality standards to retain the license and territory exclusivity. Vytex and KAPVL’s agreement positions both companies to capitalize on the natural rubber market in…