Collaboration with Nigerian Afrobeats Legend to Bring a
Suite of High-Tech Vapes and One-of-a-Kind Product Flavors to
Consumers
LOS
ANGELES, Dec. 14, 2023 /PRNewswire/
-- Ispire Technology
Inc. ("Ispire" or the "Company") (NASDAQ: ISPR), a
leader in the development and commercialization of vaping
technology and precision dosing, announced that Aspire North
America, LLC ("Aspire"), one of Ispire's operating subsidiaries,
has entered a five-year exclusive global manufacturing and
distribution agreement (the "Agreement") with a prominent lifestyle
brand, BrkFst, a brand co-created by GRAMMY-Award winner Burna Boy
and his inner circle of young entrepreneurs last year, and it
has garnered significant community backing.
Under the Agreement, Ispire has secured the exclusive rights to
distribute and commercialize BrkFst branded high-quality vapor
products, including a suite of unique varieties and new flavors.
Ispire is a leader in vaping technology, research and development,
design and innovation that is forging the worldwide industry
standard for vaporized products. The Company offers a complete line
of pod-systems, cartridges, disposables, batteries and other vaping
products.
"As the pioneer of the 'cloud chasing' movement with more than
500 patents owned or exclusively licensed around the globe, our
collaboration with BrkFst brings consumers award-winning vaping
technologies and one-of-a-kind products that they won't be able to
get anywhere else in the world," said Ispire Technology Co-Chief
Executive Officer Michael Wang . "Our leading-edge
products are the result of many years of intense research and
development and follow the highest quality standards and latest
compliance rules. We look forward to partnering with more
like-minded individuals and companies like BrkFst and bringing
consumers more of the products they want."
The products will be launched in Nigeria, Ghana and South
Africa this month with full European Union and United Kingdom launches expected in Q2
2024.
About BrkFst
BrkFst is more than a lifestyle brand;
it's a force that's reshaping the intersection of fashion and
influencing the culture. We hope to bring that to the new BRKFST
vapes. Our commitment is to redefine the narrative, creating a
space that goes beyond trends and exclusivity, embracing an
inclusive environment that welcomes all.
About Ispire Technology Inc.
Ispire is engaged in the
research and development, design, commercialization, sales,
marketing, and distribution of branded e-cigarettes and cannabis
vaping products. The Company's operating subsidiaries own or
license more than 500 patents received or filed globally. Ispire's
tobacco products are marketed under the Aspire brand name and are
sold worldwide (except in the U.S., People's Republic of China and Russia) primarily through its global
distribution network. The Company's cannabis products are marketed
under the Ispire brand name primarily on an original design
manufacturer (ODM) basis to other cannabis vapor companies. Ispire
sells its cannabis vaping hardware only in the U.S., and it
recently commenced its marketing activities in Canada and Europe. For more information,
visit www.ispiretechnology.com or follow Ispire on
Instagram, LinkedIn, Facebook,
Twitter and YouTube.
Forward Looking Statements
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended ("Securities Act") as well as
Section 21E of the Securities Exchange Act of 1934, as amended, and
the Private Securities Litigation Reform Act of 1995, as amended,
that are intended to be covered by the safe harbor created by those
sections. Forward-looking statements, which are based on certain
assumptions and describe the Company's future plans, strategies and
expectations, can generally be identified by the use of
forward-looking terms such as "believe," "expect," "may," "will,"
"should," "would," "could," "seek," "intend," "plan," "goal,"
"project," "estimate," "anticipate," "strategy," "future," "likely"
or other comparable terms, although not all forward-looking
statements contain these identifying words. All statements other
than statements of historical facts included in this press release
regarding the Company's strategies, prospects, financial condition,
operations, costs, plans and objectives are forward-looking
statements. Important factors that could cause the Company's actual
results and financial condition to differ materially from those
indicated in the forward-looking statements. Such forward-looking
statements include, but are not limited to, risks and uncertainties
including those regarding: the Company's ability to collect its
accounts receivable in a timely manner, the Company's business
strategies, the ability of the Company to market to the Ispire
ONE™, Ispire ONE™'s success if meeting its goals, the ability of
its customers to derive the anticipated benefits of the Ispire ONE™
and the success of their products on the markets; the Ispire ONE™
proving to be safe, and the risk and uncertainties described in
"Risk Factors," "Management's Discussion and Analysis of Financial
Condition and Results of Operations," "Cautionary Note on
Forward-Looking Statements" and the additional risk described in
Ispire's Annual Report on Form 10-K for the year ended June 30, 2023 and any subsequent filings which
Ispire makes with the U.S. Securities and Exchange Commission. You
should not rely upon forward-looking statements as predictions of
future events. The forward-looking statements made in the press
release relate only to events or information as of the date on
which the statements are made in the press release. We undertake no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
after the date on which the statements are made or to reflect the
occurrence of unanticipated events except as required by law. You
should read this press release with the understanding that our
actual future results may be materially different from what we
expect.
Investor Relations and Media Contacts:
For more information, kindly contact:
Investor Relations Contact:
Sherry Zheng
718-213-7386
ir@ispiretechnology.com
Media Contact:
Ellen
Mellody
570-209-2947
ispire@kcsa.com
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SOURCE Ispire Technology Inc.