Fontem Ventures B.V. and NJOY, Inc. Announce Settlement Agreement In Relation to E-Vapour Technology Patents

Nov 16, 2015, 05:51 ET from Fontem Ventures B.V.

AMSTERDAM, November 16, 2015 /PRNewswire/ --

Fontem Ventures, owner of market leading e-cigarette brand blu, and NJOY Inc., an independent e-cigarette manufacturer, today announced they have reached a global settlement agreement that resolves ongoing litigation in the USA and Germany.

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.

About Fontem Ventures 

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.

About NJOY, Inc. 

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.

SOURCE Fontem Ventures B.V.