Sign In  |  Register  |  About Walnut Creek Guide  |  Contact Us

Walnut Creek, CA
September 01, 2020 1:43pm
7-Day Forecast | Traffic
  • Search Hotels in Walnut Creek Guide

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – VPR Brands LP (VPRB) Enters into Favorable Settlement Agreement on Patent Infringement Case

VPR Brands (OTC: VPRB), a market leader and pioneer in electronic cigarettes and vaporizers for nicotine, cannabis and cannabidiol (“CBD”), has agreed to a settlement with XL Vape LLC (“XL”), VGOD LLC (“VGOD”) and Saltnic LLC (“Saltnic”). VPR Brands had filed a patent infringement lawsuit in the United States District Court for the Central District of California against those companies. According to the announcement, the XL parties have agreed to pay VPRB a settlement in the amount of $155,000. In addition, VPR Brands granted each of the XL parties a fully paid-up, royalty-free, nonexclusive license to practice the invention set forth in the patent and all related patents and applications, domestic and foreign. The announcement also stated that VPRB owns intellectual property (“IP”) covered in an original patent dating back to 2009, which  had been filed for electronic cigarette technology; the patent includes independent claims covering electronic cigarette products containing an electric airflow sensor that turns the battery on and off and covers most auto-draw, buttonless e-cigarettes, cig-a-likes, pod devices and vaporizers using an airflow sensor rather than a button. The company noted that it has been working to notify more than 50 companies using the patented auto draw technology that it intends to vigorously enforce its patent; the company has filed litigation against nine of those companies.

To view the full press release, visit https://ibn.fm/r7rBs

About VPR Brands LP

VPR Brands is a technology company that develops consumer and business products based on the newest cutting-edge technologies and whose assets include an issued U.S. patent for atomization-related products featuring 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 that 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 the company, please visit www.VPRBrands.com.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 WalnutCreekGuide.com & California Media Partners, LLC. All rights reserved.