Innovative technology holding company VPR Brands (OTCQB: VPRB) this morning announced that it intends to create and execute a monetization and infringement enforcement plan for the company’s electronic cigarette utility patent US 8205622. According to the update, VPR Brands is conducting an investigation to determine whether its intellectual property is being infringed, as well as exploring legal options and strategies related to prosecuting infringers and pursuing available remedies. “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,” VPR Brands CEO Kevin Frija said in the news release. “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.”
To view the full press release, visit http://ibn.fm/yMbaK
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, are devices that deliver nicotine and/or cannabis through atomization or vaping without smoke and other chemical constituents typically found in traditional products. For more information, visit the company’s website at www.VPRBrands.com.
NOTE TO INVESTORS: The latest news and updates relating to VPRB are available in the company’s newsroom at http://ibn.fm/VPRB
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