AMSTERDAM, January 6, 2016 /PRNewswire/ --
Fontem Ventures, owner of market leading e-cigarette brand blu, today announces that it has reached a settlement agreement with Electronic Cigarettes International Group, Ltd., that resolves ongoing litigation in the USA.
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 Electronic Cigarettes International Group, Ltd., 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.
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 Electronic Cigarettes International Group, Ltd.,
Electronic Cigarettes International Group (ECIG) is dedicated to providing a compelling alternative to traditional cigarettes for the more than one billion current smokers around the world. ECIG offers consumers a full product portfolio that incorporates product quality and the latest technology. The company's website is http://www.ecig.co
SOURCE Fontem Ventures B.V.