VPR Brands Update on Enforcement of U.S. Utility Patent for the companies Electronic Cigarette 'Auto Draw' Tech
February 17 2021 - 7:15AM
InvestorsHub NewsWire
VPR Brands Update
on Enforcement of U.S. Utility Patent for the
companies Electronic Cigarette ‘Auto Draw’ Technology, Multiple
Lawsuits Filed
Fort
Lauderdale, FL -- February 17th, 2021 -- InvestorsHub NewsWire
-- VPR Brands, LP (OTC:
VPRB): VPR Brands is a
market leader and pioneer in electronic cigarettes and vaporizers
for nicotine, cannabis and cannabidiol (CBD). The company owns
Intellectual Property which is one of the original Patents
filed for electronic cigarette technology. This Patent dates back
to 2009 and includes 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, button-less e-cigarettes,
cigalikes, pod devices and vaporizers using an airflow sensor. The
technology is covered under electronic cigarette
utility patent US 8205622.
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/vape 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/button-less technology. The company is investigating all
button less 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.
“Having personally been in the vape industry since
its infancy for more than 10 years and witnessing the evolution of
ecig and vapor technology, it is befitting that our company owns
this US utility patent for what has grown to be a
multibillion-dollar market. The inner construction of an
e-cigarette is quite simple and fairly standard, and it is obvious
as to what our auto draw technology patent covers, and
potential infringement is rather clear when you see it,” said Kevin
Frija, CEO of VPR Brands.
VPR Brands along with SRIPLAW has started to
identify and notify over 50 of the leading companies using the Auto
Draw Technology VPR Brands intention to enforce its Patent. These
companies were prioritized, based on sales volume and popularity..
Most recently VPR Brands LP and its legal team, headed by Joel B
Rothman of SRIPLAW, have filed litigation against 3 of the
companies. VPR Brands, LP v.
Jupiter Research, LLC in Arizona, VPR Brands, LP v. Cool Clouds Distribution, Inc. in
California and VPR Brands, LP v. XL Vape in California.
Additional lawsuits will continue to be filed as necessary to
protect the companys Intellectual Property
rights.
“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,” said Kevin Frija, CEO of VPR Brands.
“Infringement can be avoided by simply adding a button to the
battery however the preferred option by consumers to simulate
smoking is our button-less auto draw technology and 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.
Our Patent could be a huge windfall for the
company.”
The company may also
seek a buyer for this patent in the future. As an example
of past patent sales for Electronic cigarettes, another
company, Ruyan, gained a U.S. patent for its electronic
cigarette product. In August 2013, Imperial Tobacco Group
purchased the intellectual property behind the Ruyan e-cigarette
for $75 million. The market was barely what it is today and has
grown tremendously since 2013.
“In Recent years our patented technology has surged
back into popularity making our patent potentially very valuable. I
am happy to see our company and legal team actively
litigating to enforce our intellectual property.” Said
Dan Hoff COO of VPR Brands, LP
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:
kevin.frija@vprbrands
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