Fontem Ventures B.V. and NJOY, Inc. Announce Settlement Agreement In Relation to E-Vapour Technology Patents16.11.15
Amsterdam, The Netherlands, 16 November 2015 – Fontem Ventures, owner of market leading e-cigarette brand blu, and NJOY Inc., an independent e-cigarette manufacturer, today announced they have reached a global settlement agreement that resolves ongoing litigation in the USA and Germany.
The settlement ends one 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 NJOY, Inc. and its affiliates a non-exclusive royalty-bearing global licence under the patents-in-suit and certain other vapour technology related patents.
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