PODA Granted US Patent for Closed Bottom Vaporizer Pod

Rhea-AI Summary

Poda Holdings, Inc. (CSE: PODA; OTCQB: PODAF) announced the grant of a US Patent for its Closed Bottom Vaporizer Pod (US Patent 11,206,869 B2), issued on December 28, 2021. This patent enables Poda to market the only closed-ended heat-not-burn cigarette in the US, enhancing its competitive edge. The original patent application was filed on March 17, 2017, reflecting extensive investment and development. Poda also holds a Canadian patent and is pursuing patents in over 60 countries, aiming for significant impact in the global heat-not-burn market.

Positive

• Exclusive US patent for Closed Bottom Vaporizer Pod enhances market position.
• Patent granted after five years of development, signaling strong investment in innovation.
• Potential for expansion with pending patents in over 60 countries, covering ~70% of the global population.

Negative

• None.

VANCOUVER, BC, Jan. 13, 2022 /PRNewswire/ - PODA HOLDINGS, INC. ("Poda" or the "Company") (CSE: PODA) (FSE: 99L) (OTCQB: PODAF) is pleased to announce that it has been granted a US Patent by the US Patent and Trademark Office concerning US Application 16/340,058 for Poda's Closed Bottom Vaporizer Pod. US Patent 11,206,869 B2 was granted on December 28^th, 2021.

Mr. Ryan Selby, CEO of the Company, commented, "Receiving this Notice of Issuance is the culmination of a substantial amount of work by Poda and our intellectual property team. The application for this invention was initially filed on March 17^th, 2017. After almost five years of dedicated work and substantial financial investments, I am extremely proud to have this valuable patent granted by the US Patent and Trademark Office. With the granting of this US patent, Poda will effectively be the only company that can market a closed-ended heat-not-burn cigarette in the United States. We have already received a granted Canadian patent for this invention, and we now look forward to receiving granted patents for this application in the over 60 additional countries where this application has been filed. We believe this patent has incredible applicability in the global heat-not-burn market, and we look forward to marketing our patented products on a global scale."

On Behalf of the Board,
Ryan Selby
CEO, Director, and Chairman of the Board

Poda Holdings, Inc.
Toll-free North America: +1-833-TRY-PODA (879-7632)
Outside North America: +1-406-TRY-PODA (879-7632)
investors@poda-holdings.com
www.poda-holdings.com

ABOUT PODA HOLDINGS

Poda Holdings, Inc. ("Poda" or the "Company") is actively engaged in the global commercialization of Heat-not-Burn ("HnB") smoking products, which have the potential to reduce the risks associated with combustible smoking products. The Company has developed a patented HnB system that uses proprietary biodegradable single-use pods, which are both consumer and environmentally friendly. The innovative design of the Company's HnB platform prevents cross-contamination between the heating devices and the pods, eliminating all cleaning requirements and providing users with the most convenient and enjoyable potentially-reduced-risk smoking experience. Poda's HnB system is fully patented in Canada and is patent pending in over 60 additional countries, covering almost 70% of the global population. The Company's Poda Pods are the first and only cigarettes to have a completely closed end. This exclusive design eliminates all cleaning requirements and provides a truly ashless HnB cigarette. Poda's fully patented system is one of a kind and solves the major pain-point that other HnB products suffer from: daily cleaning requirements. The Company's flagship Beyond Burn™ Poda Pods contain a unique tobacco-free blend of pelletized tea leaves infused with synthetic nicotine, which provides adult smokers with a smoke-free alternative to their regular habit without sacrificing satisfaction. Beyond Burn™ Poda Pods have been expertly crafted to mimic the sensorial experience of traditional cigarettes without the smoke, without the smell, and without the tobacco.

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking information" within the meaning of applicable securities laws. Although Poda believes, in light of the experience of its officers and directors, current conditions, and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Poda can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. Poda undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of Poda, its securities, or financial or operating results (as applicable). Poda disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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SOURCE Poda Holdings, Inc.

FAQ

What is the significance of Poda Holdings' US Patent for Closed Bottom Vaporizer Pod?

The US Patent grants Poda exclusive rights to market a closed-ended heat-not-burn cigarette in the US, positioning it uniquely in the market and potentially impacting sales and stock performance.

When was the US Patent for Poda's product granted?

The US Patent (US Patent 11,206,869 B2) was granted on December 28, 2021.

How long did it take for Poda to secure the US Patent?

Poda filed the patent application on March 17, 2017, taking nearly five years to obtain the patent.

What potential impact does the patent have on Poda Holdings' international strategy?

With pending patents in over 60 countries, the patent could significantly enhance Poda's global market presence in the heat-not-burn sector.