AMSTERDAM, The Netherlands, April 14, 2016 /PRNewswire/ --
Fontem Ventures, owner of market leading e-cigarette brand blu, and Ten Motives Limited and 10 Motives Limited today announced they have reached a settlement agreement that resolves ongoing litigation in the UK.
The settlement ends patent infringement proceedings brought by Fontem Ventures and Fontem Holdings 1 in March 2015 in the Patents Court of the High Court of Justice, London, as well as proceedings pending between the parties before the European Patent Office, in each case in relation to certain of Fontem's e-vapour technology patents.
Under the terms of the settlement, Fontem Ventures has granted Ten Motives Limited and 10 Motives Limited 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.
SOURCE Fontem Ventures B.V.