VPRB - VPR Brands LP (VPRB) Seeks to Protect Patented Auto-Draw Technology as Vaping Industry Booms
- VPRB’s electronic cigarette patent is one of the first originally filed; it dates back to 2009
- The popularity of auto-draw technology in vaping devices creates an ‘opportune’ time for the company to consider licensing intellectual property
- The e-cigarette and vaping industries are predicted to grow at a global CAGR of 24.9 percent from 2019 to 2025
As demand for e-cigarettes and vaping technologies grows into a multibillion-dollar industry, key players in the space are seeking to protect their proprietary technologies against patent theft. One such innovator is VPR Brands LP (OTCQB: VPRB), a multi-vertical tiered technology holding company in the cannabis space, including vaping. The company is seeking to protect its e-cigarette utility patent, one of the first originally filed electronic cigarette patents dating back to 2009, against infringement. At the same time, VPR Brands is exploring alternative routes of licensing or even selling its patented auto-draw technology, a valuable asset (http://nnw.fm/56fvU).
This conflict over proprietary rights has a notable history in the industry. In 2014, The Economist reported the story of Fontem Ventures, a Netherlands-based subsidiary of Britain’s Imperial Tobacco that sued...
NOTE TO INVESTORS: The latest news and updates relating to VPRB are available in the company’s newsroom at http://nnw.fm/VPRB
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