Business
UAHC Establishes Wholly-Owned Subsidiary American Sustainable Rubber Company Which Hopes to Commercialize a Domestic Natural Rubber Technology Solution
UAHC Establishes Wholly-Owned Subsidiary American Sustainable Rubber Company Which Hopes to Commercialize a Domestic Natural Rubber Technology Solution.
About this update from United American Healthcare Corp.
[{"type":"text","content":"\nCHICAGO, Feb. 05, 2019 (GLOBE NEWSWIRE) -- United American Health Corporation (OTC: UAHC), an emerging technology holding company, today announced the establishment of a wholly-owned subsidiary American Sustainable Rubber Company, LLC, (“American Sustainable Rubber”) (“ASR”)(“Company”), an indoor agriculture  technology company focused on creating a domestic solution to natural rubber production. The company hopes to utilize proprietary technology in order to produce the first ever sustainable natural rubber supply chain in the United States at a commercial level through a genetically modified rubber source.\n At the core of its mission, American Sustainable Rubber seeks to create a United States-based commercialized supply chain of natural rubber, where the US currently accounts for less than one percent of global natural rubber sales. The U.S. imported $2 billion in natural rubber in 2017, amounting to 11.4 percent of the world total and making the country the second largest importer in the world. Currently, 86 percent of global natural rubber sales are coming from Thailand, Indonesia, Malaysia, India, Vietnam and China. American Sustainable Rubber plans to address this large market opportunity and serve as a domestic natural rubber source for the U.S. “It is our goal to provide the U.S. with a domestic source of natural rubber while eliminating the risks associated with a lack of variety in supplier location, reducing environmental harms and often unsafe and inconsistent work environments found in the rubber industry.” said John Fife, CEO of United American Health Corporation, parent company of American Sustainable Rubber. “Through our research and eventual production capacity of natural rubber, we hope to create a positive impact not only on the environment but on the United States economy as whole.” In addition to the market opportunity for the US economy, American Sustainable Rubber was created to bring new jobs to the United States and decrease the country’s reliance on foreign imports. The company will use a proprietary approach to produce a natural rubber source that can be grown and harvested at a commercial scale. American Sustainable Rubber will also focus on developing and maintaining sustainable indoor growing conditions that protect from nega...