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Vystar Acquires Fluid Energy Conversion Technology Assets.

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Vincent

MANews-(C)2009-2019

29 May 2019 - US-based natural rubber latex developer Vystar Corp.'s (OTC: VYST) board of directors has ratified a definitive agreement to acquire Fluid Energy Conversion, Inc., the company said.

FEC is a global green energy company whose patented and proprietary technologies harness sound energy in unique ways to destroy bacteria and viruses, improve water processing and irrigation, and enhance chemical reactions.

Under the terms of the agreement, Vystar will acquire 100% of assets of Fluid Energy Conversion Inc., primarily consisting of its patent on the Hughes Reactor, for USD 100,000 in restricted common stock (2.5m shares) of Vystar.

All stock will be restricted and subject to a lock-up. The Vystar board of directors has unanimously approved the Transaction, which was previously approved by majority shareholder consent.

Nathanial Hughes, FEC's founder and chief scientist, pushed the envelope of fluidics and boundary layer science to develop FEC's technology that exhibits remarkable control of molecular interactions creating an ability to control, enhance, and focus energy in flowing liquids and gases.

This conversion process can both "energize" the flow material and convert what is normal "waste energy" into usable energy, Vystar said.

Based in Worcester, Mass., Vystar is a holding company for eco-friendly solutions for complex environmental...

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