VPRB the key players in the space are seeking to p
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Posted On: 11/26/2019 10:13:30 AM
VPRB the 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 11 American e-cigarette makers (http://nnw.fm/80NRy). A sea of litigation and acquisitions later, Imperial remains a key player in the e-cigarette and vaping market and is the owner of several broad patents, the analysis found. At that time, the American vaping market was just beginning its growth and was valued at a mere $1.5 billion.
Years later, with the market having quadrupled in size, the stakes are markedly higher. The value of trademarks in this space has grown, and companies must be increasingly vigilant to safeguard their patent rights. Grand View Research found that North America is the largest global regional market in the e-cigarette and vaping space at an estimated $4.6 billion in 2018. The industry is predicted to grow at a global CAGR of 24.9 percent from 2019 to 2025. Globally, the e-cigarette and vaping market was seen in 2018 as reaching $10.3 billion and expanding at a CAGR of 24.9 percent through 2025 (http://nnw.fm/4qJYw).
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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 11 American e-cigarette makers (http://nnw.fm/80NRy). A sea of litigation and acquisitions later, Imperial remains a key player in the e-cigarette and vaping market and is the owner of several broad patents, the analysis found. At that time, the American vaping market was just beginning its growth and was valued at a mere $1.5 billion.
Years later, with the market having quadrupled in size, the stakes are markedly higher. The value of trademarks in this space has grown, and companies must be increasingly vigilant to safeguard their patent rights. Grand View Research found that North America is the largest global regional market in the e-cigarette and vaping space at an estimated $4.6 billion in 2018. The industry is predicted to grow at a global CAGR of 24.9 percent from 2019 to 2025. Globally, the e-cigarette and vaping market was seen in 2018 as reaching $10.3 billion and expanding at a CAGR of 24.9 percent through 2025 (http://nnw.fm/4qJYw).
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