Elettronica
Fontem Ventures B.V. and Vapor Corp. Announce Settlement Agreement in Relation to E-Vapour Technology Patents
The settlement ends another 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 Vapor Corp. a non-exclusive royalty-bearing global licence under the patents asserted in the litigation and certain other e-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.
Vapor Corp., a NASDAQ company, (NASDAQ symbols: VPCO and VPCOU) is a U.S. based distributor and retailer of vaporizers and e-liquids. Vapor Corp. has a streamlined supply chain, marketing strategies and wide distribution capabilities to deliver its products. The Company's brands include VaporX®, Krave®, Hookah Stix® and Vaporin™ and are distributed to retail stores throughout the U.S. and Canada . The Company sells direct to consumer via e-commerce and Company-owned brick-and-mortar retail locations operating under "The Vape Store" brand.