Fontem Ventures Announces Settlement Agreement with Spark Industries in E-Vapour Technology Patents

Source from:  PR Newswire 01/28/2016

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. Enditem