Elettronica
Fontem Ventures B.V. and NJOY, Inc. Announce Settlement Agreement In Relation to E-Vapour Technology Patents
The settlement ends one of eight patent infringement cases originally brought by Fontem Ventures and Fontem Holdings 1 in March 2014 in the United States District Court for the Central District of California in relation to e-vapour technology.
Under the terms of the settlement, Fontem Ventures has granted NJOY, Inc. and its affiliates a non-exclusive royalty-bearing global licence under the patents-in-suit and certain other vapour technology related patents. The remaining settlement terms are confidential.
Fontem Ventures is the owner of blu, a leading e-cigarette brand in the United States and the United Kingdom . Headquartered in the Netherlands , and present on two continents, Fontem Ventures is an innovative consumer goods company, founded in 2012, committed to developing a portfolio of products that meet consumer needs, including the highest quality electronic vaping products.
NJOY, Inc. is the largest independent e-cigarette and vaping company in the USA . NJOY is the only major vaping company to offer products across all form factors; disposable and rechargeable "e-cigalikes", "open system" e-liquids and vaping devices, and advanced "closed system" e-liquids, and across all major channels of distribution; convenience stores, drug stores, mass merchandisers, vape shops, and on-line. The company prioritises R&D in order to develop its innovative new products. NJOY's mission is to end smoking-related death and disease by offering preferred alternatives to adult smokers and vapers around the world.