NetworkNewsBreaks – VPR Brands LP (VPRB) Announc
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Posted On: 09/10/2019 4:25:06 PM
NetworkNewsBreaks – VPR Brands LP (VPRB) Announces Intention to Enforce and Monetize U.S. Utility Patent for Electronic Cigarette
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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