VPR Brands Intends to Enforce and Monetize U.S. Utility Patent for Electronic Cigarette
September 10 2019 - 7:45AM
InvestorsHub NewsWire
VPR Brands Intends to Enforce and Monetize U.S. Utility Patent
for Electronic Cigarette
FORT LAUDERDALE, FL --
September 10, 2019 -- InvestorsHub NewsWire -- VPR Brands, LP
(OTCQB:
VPRB) today announced its
intention to create and execute a monetization and infringement
enforcement plan for the company’s electronic cigarette
utility patent US 8205622. VPR Brands is conducting an
investigation to determine if its intellectual property is being
infringed and if so, by whom. We
are also exploring legal options and strategies related to
prosecuting infringers and pursuing available
remedies.
VPR Brands is a market
leader and pioneer in electronic cigarettes and vaporizers for
nicotine, cannabis and cannabidiol (CBD). Its patented technology
is one of the original filed electronic cigarette patents dating
back to 2009 and includes two broad, independent claims covering
electronic cigarette products containing an electric airflow
sensor, including a sensor comprised of a diaphragm microphone. The
sensor turns the battery on and off, and covers auto-draw,
buttonless e-cigarettes, cigalikes and vaporizers using an airflow
sensor.
In recent years,
the vaping industry has matured in size and continues to
grow. The company believes that its patent puts them in a unique
position to capitalize on the recent surge in e-cigarette usage
that resulted in what some analysts estimate to be a $6 billion
e-cigarette market, not including devices sold for cannabis and
CBD. A majority of the nicotine vaping devices sold in the U.S. now
utilize an auto-draw/buttonless technology. The company is
investigating all buttonless vape devices within the nicotine, CBD,
and cannabis space that initiate vaporization from the user’s
airflow inhalation as they would be suspect of
infringement.
“The surge of the vaping
category for nicotine, cannabis and CBD in the last few years has
reached billions of dollars in sales. That has created
opportunities for our patented auto-draw technology, which we
believe is now preferred by many, if not most consumers for pod
systems and cigalikes,” said Kevin Frija, CEO of VPR Brands.
“We believe this is an opportune time to consider licensing,
enforcement or potentially a sale of our intellectual property to
one of the larger players in the space who may then be in a better
position to snub out many of the counterfeit or black market
vapes.”
About VPR Brands, LP:
VPR Brands is a technology company, whose assets include issued
U.S. and Chinese patents for atomization related products including
technology for medical marijuana vaporizers and electronic
cigarette products and components. The company is also engaged in
product development for the vapor or vaping market, including
e-liquids, vaporizers and electronic cigarettes (also known as
e-cigarettes) which are devices which deliver nicotine and or
cannabis through atomization or vaping, and without smoke and other
chemical constituents typically found in traditional products. For
more information about VPR Brands, please visit the company on the
web at www.VPRBrands.com.
Forward-looking statements:
This news release contains statements that involve expectations,
plans or intentions, and other factors discussed from time to time
in the company's Securities and Exchange Commission filings. These
statements are forward-looking and are subject to risks and
uncertainties, so actual results may vary materially. The company
cautions readers not to place undue reliance on any forward-looking
statements, which speak only as of the date made. The company
disclaims any obligation subsequently to revise any forward-looking
statements to reflect events or circumstances after the date of
such statements or to reflect the occurrence of anticipated or
unanticipated events.
Corporate
Communications:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkWire.com
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