AMSTERDAM, January 26, 2016 /PRNewswire/ --
Fontem Ventures, owner of market leading e-cigarette brand blu, today announces that is has reached a settlement agreement with Spark Industries, the U.S. based owner of Cig2o and Vapage brand vapor products, 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 Spark Industries 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 Spark Industries
Spark Industries LLC is the U.S. based owner of Cig2o and Vapage brand vapor products. Founded in 2002 as a consumer product development company, Spark launched its e-cigarette brand Cig2o in 2009.
SOURCE Fontem Ventures B.V.