UAHC Subsidiary American Sustainable Rubber Company, LLC Acquires Intellectual Property Rights to Patent Pending Controlled Environment Agriculture Genetic Modification Technology
CHICAGO, April 18, 2019 /PRNewswire/ -- United American Healthcare Corporation (OTC: UAHC), an emerging technology holding company, today announced its wholly-owned subsidiary American Sustainable Rubber Company, LLC ("ASR"), an indoor agriculture technology company focused on creating a domestic solution for natural rubber production, has acquired the intellectual property rights, from company President Timothy J. Madden, to patent pending technology that provides a method to genetically modify plant crops in tissue culture and then propagate these crops to maturity in automated controlled environment agriculture production systems.
The published patent application entitled "Automated Methods and Systems For Genetically Enhancing Genomes In Computer Controlled Environments…" allows for plant breeding or propagation using numerous techniques, such as cross pollination, marker assisted selection, cloning, and genetic modification, to develop enhanced varieties without the use of transgenic modification.
This state-of-the-art technology requires highly skilled scientists and technicians operating fully automated agricultural facilities with advanced horticulture and environmental control equipment to perform the critical steps necessary for successful genetic enhancement and production of viable, healthy crops. The goal of ASR is to utilize this technology to improve the commercial production process of the TK rubber dandelion grown in the company's indoor vertical hydroponic controlled environment agriculture production systems.
The patent pending technology provides a fully automated turn-key approach to the propagation and harvesting of genetically enhanced plant cultivars utilizing less time and resources. The system includes precision control of temperature, humidity, light, and irrigation, all of which improve the processes of gene synthesis, genetic modification, tissue culturing, and cloning.
"I have been working on the design and systems integration of this technology for years," said inventor Timothy J. Madden, President of American Sustainable Rubber. "Conventional GMO crops have been transgenically modified utilizing genes from foreign organisms like bacteria to provide resistance to pests, blight, and pesticide applications, making them controversial but necessary to feed the world's growing population. We produce our TK rubber dandelion crop indoors eliminating most of the negative environmental variables associated with conventional agriculture, allowing us the ability to utilize this cutting-edge technology to focus on sustainably enhancing key desirable traits already in the plants with the goal of improving natural rubber yield and increasing profitability without the use of additional resources."
For more information on the new, wholly-owned subsidiary, please visit AmericanRubber.com. Additionally, interested parties can subscribe for updates and more information.
About American Sustainable Rubber Company, LLC
American Sustainable Rubber Company, LLC is an indoor agriculture firm pursuing proprietary technology to sustainably produce natural rubber in the United States at a commercial scale from the genetically modified TK dandelion plant.
About United American Healthcare Corporation
United American Healthcare Corporation ("UAHC"), through its subsidiary UAHC Ventures, LLC, pursues strategic investment opportunities in various emerging growth industries. UAHC subsidiary Pulse Systems, LLC is a contract manufacturing company that provides services to the medical device industry and American Sustainable Rubber Company, LLC ("ASR"); Pulse Systems, LLC is an indoor agriculture technology company focused on creating a domestic solution to natural rubber production.
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Forward Looking Statement:
Certain information set forth in this press release contains forward-looking statements, the achievement or success of which involves risks, uncertainties, and assumptions. These statements are not guarantees of future performance and undue reliance should not be placed on them. If any such risks or uncertainties materialize or if any of the assumptions proves incorrect, the results of the company could differ materially from the results expressed or implied by the forward-looking statements we make. Some of the forward-looking statements include market demand information, expected development of the business, execution of the vision and growth of the company, completion of its projects, and the renewal of certain licenses and supplier relationships. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
Some of the specific risks and uncertainties involved the company's business plan include, but are not limited to, the following: (i) the possibility that the company will not achieve its objective of becoming a leading provider of natural rubber through the further development of the TK dandelion for such purposes; (ii) the commercialization of alternative technological advancements that could render the company's solutions less valuable in the marketplace; (iii) the failure of the company to successfully develop and commercialize the technology that it licenses; (iv) the inability of the company to obtain the financing it needs to carry out its business plans; (v) the inability of the company and its partners to modify the TK dandelion to a point where it contains enough natural rubber to make a commercially viable product; (vi) a market shift away from natural rubber to synthetic rubber or other substitutes; (vii) the development by competitors of alternative ways to produce natural rubber that render the dandelion approach comparatively ineffective; (vii) challenges based on intellectual property claims could be brought against the company or its licensor; and (viii) other market factors, including without limitation, macroeconomic, regulatory, tax policy, cyber security, currency, climate change, international trade and geopolitical risks.
Although forward-looking statements contained in this press release are based upon what management of the company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
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SOURCE United American Healthcare Corporation (UAHC)
