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Incubator Stock Review Initiates Coverage on Vystar
Globenewswire· 2025-10-24 14:05
Core Insights - Vystar Corporation has initiated coverage by the Internet and Incubator Stock Review, highlighting its portfolio of start-ups and development assistance strategy aimed at achieving profitability for each company [1][2]. Company Overview - Vystar Corporation is based in Worcester, Massachusetts, and owns RxAir UV light air purification products, Vytex Natural Rubber Latex, and is a partner/investor in GoPaid.com and Fluid Energy Solutions [10]. - The company has developed a multi-patented, environmentally safe rubber product, Vytex, which is used in various consumer and medical applications [10]. Product Highlights - The RxAir 400 model, a Class II medical device cleared by the FDA, is designed for consumer use, providing advanced air filtration technology that can cover up to 800 square feet [4]. - RxAir's technology has been independently tested and proven to destroy over 99.97% of airborne bacteria and viruses, including various strains of influenza and coronaviruses [5]. Start-up Portfolio - Vystar has four start-ups, with GoPaid.com being the most recent addition, which focuses on tokenizing real-world collectibles and fine art, aiming to connect the $62 billion domestic collectibles market with blockchain technology [2][7]. - The tokenization strategy is expected to democratize access to high-value collectibles, allowing multiple investors to own shares of expensive items [7]. Market Potential - The collectibles and fine art tokenization market is projected to reach $16 trillion by 2030, indicating significant growth potential for Vystar's initiatives in this sector [7].
Vystar Introduces New RxAir-800 Replacement Cartridge Extended Life UV-C Bulb
Globenewswire· 2025-07-30 13:40
Core Insights - Vystar Corporation has introduced the RxAir400 Germicidal Ultraviolet (UV-C) light air purification system, which features a new 18,000-hour bulb replacement cartridge, doubling the lifespan of the previous 9,000-hour cartridge [1][5] - The RxAir400 is designed for both consumer and small business use, providing effective air purification in occupied spaces by inactivating over 99.9% of airborne pathogens, including various strains of coronavirus [3][5] - The global air purifier market is projected to grow significantly, with estimates suggesting a market size of USD $90 billion by 2025, driven by increased demand for clean air due to rising respiratory issues and the COVID-19 pandemic [4][6] Company Developments - The new RxAir400 model includes an ergonomic handle for portability and two new accessory options, enhancing its usability in different indoor environments [1] - Vystar's extended life cartridge is expected to reduce the frequency of replacements, benefiting both residential and commercial users, with a total market of 40,000 cartridge changes per year [6] - The original cartridge will be priced at $199, while the new longer-life cartridge will be available for $375, providing cost savings for users [6] Market Trends - The demand for air purifiers has surged due to the COVID-19 pandemic, with consumers increasingly purchasing these devices as a precautionary measure against indoor air pollution [4] - Grandview Research reported a global air purifier market size of USD $8.04 billion in 2019, with a projected CAGR of 10.8% through 2027, while Arizton Advisory & Intelligence forecasts a CAGR of around 42% for the portable air purifier market [4] - The growing body of evidence regarding airborne transmission of viruses, including SARS-CoV-2, has led to increased awareness and adoption of air purification technologies [3]
PHOTOCAT has today applied for a transfer of its trading venue from Nasdaq First North Growth Market to Spotlight Stock Market.
Globenewswire· 2025-07-18 15:00
Core Viewpoint - Photocat is applying to transfer its trading venue from Nasdaq First North Growth Market to Spotlight Stock Market to optimize its listing environment and enhance shareholder value [1][3]. Group 1: Strategic Decision - The transfer to Spotlight Stock Market is a strategic move aimed at providing financial benefits and a more tailored platform for Photocat's growth trajectory [1][2]. - The Board of Directors has thoroughly evaluated the decision and believes that Spotlight is the ideal platform for the company's next growth phase [3]. Group 2: Financial Advantages - Listing on Spotlight Stock Market is part of a cost-saving program to strengthen the company's financial position [4]. - Spotlight Stock Market offers enhanced liquidity potential and dedicated support for growth companies, which is attractive for Photocat [2][4]. Group 3: Company Background - Photocat is a leader in sustainable solutions, focusing on photocatalysis to improve air quality [5]. - The company's shares are currently listed on Nasdaq Stockholm, First North, under the ticker symbol PCAT [5].