ATLANTA – Vystar Corporation, a startup focused on patented rubber latex, is the “most likely” company to create jobs in Georgia, according to judges in the Technology Association of Georgia’s annual innovative contest.
Vystar, which is based in suburban Atlanta, was one of 11 companies recognized as “Top 10 Innovative Companies” by the TAG. Winners were selected in various categories, and there was one tie.
The 11 firms were disclosed at TAG’s “Technology Summit” in Atlanta on Wednesday.
Vystar already has two patents on its VyTex technology which it plans to commercialize later this year. The company has said its “new natural rubber latex,” or NRL, will address allergic reactions to latex. The NRL contains antigenic protein, according to the firm’s Web site.
"At Vystar, we have taken a universal problem and solved it in Georgia," William Doyle, the firm’s president, said in a statement. "We have developed Vytex NRL that virtually eliminates the possibility of an allergic reaction. Conceivably, this means that people everywhere will soon be able to use products manufactured from Vytex NRL without fear of developing latex allergy.”
Also at the conference, ReachMD received a cash award of $100,000 and $150,000 in free services.
TAG also presented its annual Lifetime Achievement Award to Jim Blanchard, retired CEO of Synovus Financial Corp.
The other top technology companies as recognized by TAG:
Asankya: live streaming over the Internet
Commerce Science: E-commerce and supply chain solution provider
Firethorn: Mobile banking
IDology: ID verification
Nexidia: Audio/visual search technology
Quellan: Noise cancellation for signal clarity
Recordant: Retail storefront interaction measurement technology
Scentric: Universal data classification
Playlinc: Gaming industry messaging service
Wireless Vision: Digital pen technology