VPR Brands Announces Favorable Settlement of Recently Filed Patent Infringement Case

FORT LAUDERDALE, Florida, December 7, 2021 / PRNewswire / – 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 the intellectual property which is one of the original patents filed for electronic cigarette technology. This patent dates from 2009 and includes independent claims covering electronic cigarette products containing an electric air flow sensor, including a sensor consisting of a membrane microphone. The sensor turns the battery on and off and covers most automatic draft, buttonless electronic cigarettes, cigalikes, pod devices and vaporizers using an air flow sensor rather than a button. The technology is covered by Electronic Cigarette Utility Patent US 8,205,622.

The patent case filed on May 3, 2021 in South Florida District Court, VPR BRANDS, LP V. HQDTECH United States LLC and NEPA 2 Wholesale, LLC were settled with the two defendants for a total sum greater than $ 275,000 payable to VPR Brands, LP.

“I would like to thank our legal team at SRPL Law for their hard work and diligence in resolving this case, they have been preparing to go to court and litigate on our behalf for over 2 years now and preparation is key. negotiating and settling any disputes, ”says Kevin Frija, CEO of VPR Brands LP.“ Ultimately, it’s a win-win situation for all parties when a dispute can be resolved before trial, but you need to be prepared to go all the way and the SRIP Law litigation team is ready, willing and able to go the distance when needed and this is what matters to protect intellectual property.

Please see a copy of the company’s recent 8k deposit for more information and the full settlement agreement – click on the link below:

Article 1.01. The conclusion of an important definitive agreement.

Effective December 1, 2021, VPR Brands, LP (the “Company”) and NEPA 2 Wholesale, LLC (“NEPA”) have entered into this Settlement Agreement (the “Settlement Agreement”). Pursuant to the terms of the settlement agreement, the Company and NEPA have agreed to settle a lawsuit brought by the Company against NEPA alleging patent infringement relating to U.S. Patent No. 8205,622 (the “Patent”), and NEPA agreed to pay the company $ 275,000. In addition, pursuant to the terms of the settlement agreement, the Company has agreed to license the patent and related patents and applications to NEPA and certain of its affiliates.

The foregoing description of the Settlement Agreement does not purport to be complete and is qualified in its entirety by reference to the Settlement Agreement, a copy of which is filed as Exhibit 10.1 of this current report on Form 8-K and which is incorporated herein by reference.

Brands VPR, LP. (Form: 8-K, Receipt: 06/12/2021 06:07:49) (otcmarkets.com)

Please see the News section of the company’s website www.vprbrands.com for previous press releases relating to our patent and information relating to pending litigation with other parties.

About VPR Brands, LP:

PR Brands is a technology company, whose assets include the issuance of US and Chinese patents for products related to atomization, including technology for medical marijuana, hemp and electronic cigarette products and components as well as lighters. The company is also engaged in the development of products 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 by atomization or vaping, and smokeless. and other chemical constituents commonly 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 press release contains statements that involve expectations, plans or intentions, and other factors discussed from time to time in the files of the Securities and Exchange Commission of the company. These statements are forward-looking and are subject to risks and uncertainties, therefore actual results may vary significantly. The company cautions readers not to place undue reliance on forward-looking statements, which speak only as of the date they are posted. The company disclaims any obligation to subsequently revise forward-looking statements to reflect events or circumstances occurring after the date of such statements or to reflect the occurrence of anticipated or unforeseen events.

Business communication :
[email protected]
+1 (954) 715-7001

SOURCE VPR Brands, LP

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