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| UAHC Sub Gains Exclusive Rights in Royalty Agreement with Ohio State University |
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 Hot Stock to Watch |
Company: United American Healthcare Corporation (Pink Sheets: UAHC)
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Last:
Price: 0.2789
Change (%): + 0.0289 (11.56)
Volume: 4,020 |
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UAHC Subsidiary American Sustainable Rubber Company, LLC Signs Royalty Agreement with The Ohio State University for Exclusive Rights of Genetically Modified TK Rubber Dandelion
CHICAGO, April 9, 2019 /PRNewswire/ — United American Healthcare Corporation (OTC: UAHC), an emerging technology holding company, today announced that American Sustainable Rubber Company, LLC (“ASR”), an indoor agriculture technology company focused on creating a domestic solution to natural rubber production, and The Ohio State University signed a royalty agreement for exclusive rights within the United States to the genetically modified TK Rubber Dandelion (Buckeye Gold), developed at The Ohio State University, to be grown in an indoor hydroponic system for natural rubber production.
The license agreement will allow ASR to explore the success of the TK Dandelion in a hydroponic setting, which offers a surplus of benefits over soil-grown conditions. Hydroponic production will allow for easier access to the root, which contains natural rubber, creating the opportunity for multiple harvests annually in a time-conscious fashion. Additionally, hydroponic growth greatly reduces the risk of environmental factors such as weeds or temperature variation that could halt or slow the growth of field-grown dandelions.
“The exclusive agreement allows us to develop a best in class production environment for the TK Dandelion that will ultimately help ASR become a serious player in natural rubber production,” said Timothy J. Madden, President of American Sustainable Rubber Company. “We are excited to continue our relationship with The Ohio State University and look forward to making significant gains alongside them.”
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