VPR Brands Has Recently Filed Three New Lawsuits to Enforce Its Intellectual Property Patent Rights 

Rhea-AI Summary

VPR Brands, LP (OTC: VPRB) has announced a strategic move to enforce its intellectual property rights in the vaping industry, where it holds a key patent for buttonless e-cigarette technology. The company has filed three new lawsuits, bringing the total to nine against companies allegedly infringing its patent, set to remain valid until 2030. The CEO, Kevin Frija, highlighted the booming vaping market, projected at $6 billion, and expressed intent to protect their patent aggressively. The company aims to emphasize the significance of their Auto-Draw technology, which is favored by consumers.

Positive

• Strengthened IP position with a total of nine lawsuits filed against infringers.
• Operating in a rapidly growing vaping market estimated at $6 billion.
• Automated technology aligns with consumer preferences, enhancing marketability.

Negative

• Increased litigation costs associated with pursuing patent enforcement.
• Potential delays in market expansion due to focus on legal challenges.

FORT LAUDERDALE, Fla., May 06, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – VPR Brands, LP (OTC: VPRB): VPR Brands is a market leader and pioneer in electronic cigarettes and vaporizers for nicotine, cannabis and cannabidiol (CBD). The company owns Intellectual Property which is one of the original Patents filed for electronic cigarette technology. This Patent dates to 2009 and includes independent claims covering electronic cigarette products containing an electric airflow sensor, including a sensor comprised of a diaphragm microphone. The sensor turns the battery on and off, and covers auto-draw, buttonless e-cigarettes, cigalikes, pod devices and vaporizers using an airflow sensor. The technology is covered under electronic cigarette utility patent US 8205622.

In recent years, the vaping industry has matured in size and continues to grow. The company believes that its patent puts them in a unique position to capitalize on the recent surge in e-cigarette/vape usage that resulted in what some analysts estimate to be a $6 billion e-cigarette market, this not including all devices sold for cannabis and CBD. A majority of the nicotine vaping devices sold in the U.S. now utilize an auto-draw/button-less technology. The company is investigating all buttonless vape devices within the nicotine, CBD, and cannabis space that initiate and regulate vaporization from the user’s airflow inhalation as they would be suspect of infringement.

“Just this week we have filed three additional lawsuits which brings the total to nine with many more expected and likely as almost every company in the vape space has at least one product which uses the patented Auto-Draw technology,” said Kevin Frija, CEO of VPR Brands. “We will be aggressively pursuing every company infringing on our patent. We want to make sure VPR Brands Patent which is valid until 2030 is enforced and our Intellectual property rights are protected. We intend to send a clear message to the industry that we mean business.”

VPR Brands along with SRIPLAW has started to identify and notify over 50 of the leading companies. These companies were prioritized, based on sales volume and popularity. Most recently VPR Brands LP and its legal team, headed by Joel B Rothman of SRIPLAW, have filed litigation against three more of the companies just this past week.  

• VPR Brands, LP v. Myle Vape Inc and MVH I Inc in New York
• VPR Brands, LP v. HqdTech USA llc in Florida
• VPR Brands, LP v. PHD Marketing Inc in California

These are in addition to six previous suits filed.

• VPR Brands, LP v. Monq, LLC in Tennessee 
• VPR Brands, LP v. B&G Trading LLC D/B/A Vapor Tech in Arizona 
• VPR Brands, LP v. Lightfire Holdings LLC in Florida
   
• VPR Brands, LP v. Jupiter Research, LLC in Arizona
• VPR Brands, LP v. Cool Clouds Distribution, Inc. in California
• VPR Brands, LP v. XL Vape in California 

“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,” said Kevin Frija, CEO of VPR Brands. “Infringement can be avoided by simply adding a button to the battery however the preferred option by consumers to simulate smoking is our buttonless auto draw technology and 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. Our Patent could be a huge windfall for the company.”

"Buttonless batteries both for the E-liquid and the CBD space have grown immensely in popularity over the past few years making it the preferred technology used for vaping. Several prominent companies are utilizing and marketing this form of vaporizer without any regard for our Intellectual property. I am happy to see our company and legal team actively litigating to enforce our intellectual property,” said Dan Hoff, COO of VPR Brands, LP

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) which are devices which 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 VPR Brands, please visit the company on the web at www.vprbrands.com.

Forward-looking statements: 
This news release contains statements that involve expectations, plans or intentions, and other factors discussed from time to time in the company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. The company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Corporate Communications: 
kevin.frija@vprbrands

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FAQ

What is VPR Brands' recent patent enforcement strategy?

VPR Brands has filed nine lawsuits against companies allegedly infringing on their Auto-Draw technology patent.

How much is the estimated vaping market that VPR Brands is targeting?

The vaping market is estimated to be worth around $6 billion.

What is the significance of the Auto-Draw technology for VPR Brands?

The Auto-Draw technology is a preferred feature in vaping devices, aligning with current consumer preferences.

What future plans does VPR Brands have regarding its intellectual property?

VPR Brands plans to continue aggressive enforcement of its patents and may explore licensing opportunities.

How long is VPR Brands' patent for Auto-Draw technology valid?

The patent for Auto-Draw technology is valid until 2030.