AMSTERDAM, November 27, 2015 /PRNewswire/ --
Fontem Ventures, owner of market leading e-cigarette brand blu, and CB Distributors, Inc. and DR Distributors LLC, distributor and owner of e-cigarette brands 21st Century Smoke and Vapin Plus, today announced they have reached a settlement agreement 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 CB Distributors, Inc. and DR Distributors LLC a non-exclusive royalty-bearing licence under the patents-in-suit and certain other e-vapour technology related US 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 CB Distributors, Inc. and DR Distributors LLC
DR Distributors LLC is the owner of 21st Century Smoke and Vapin Plus brands. CB Distributors, Inc. is the exclusive distributor for both brands across the USA, in all channels of trade.
SOURCE Fontem Ventures B.V.