CHATSWORTH, CA / ACCCESSWIRE / May 11, 2015 / VAPE Holdings, Inc. (VAPE) (the "Company" or "VAPE"), a holding company focused on providing healthy, efficient, and sustainable vaporization products and management, consulting, branding, real estate and compliant packaging solutions to lawfully operating participants in the legal cannabis industry, is pleased to announce that it has filed an application with the US Patent and Trademark Office for new composition of matter and methods, which the Company has designated the "NG 100 Series Patents."
With this federal regulatory filing, VAPE Holdings takes the first steps toward establishing new plant-derived compositions, extraction methods and related technologies for next generation cannabis-derived products. VAPE Holdings is known for its patent pending innovations in specialized ceramics for vaporization products. The internally licensed HIVE Ceramics product line is widely regarded as the gold standard of ceramic vaporizers in the industry.
"VAPE Holdings is very pleased to announce our commitment to the technology for Next Generation cannabis-derived products," stated VAPE Holdings Chief Executive Officer Kyle Tracey. "Our NG 100 Series provisional patent application is the first of several patent positions that the Company expects to file in the general area of plant essential oil extraction, modification and analysis," added Mr. Tracey.
The commitment of VAPE Holdings to Next Generation Cannabis IP is driven by the Company's Chief Science Officer, Dr. Mark Scialdone, and his proven track record of chemistry-based innovation and combined 20 years of science-based product development for E. I. DuPont de Nemours and through his own consulting company.
"The NG Series of property rights is a direct outgrowth of the VAPE Holdings commitment to developing new, safe and effective products for patients and consumers," explained Dr. Scialdone. "It's a natural extension to look, as we have, to the fundamental chemistry that happens when cannabis oils and concentrates are thermally vaporized."
VAPE Holdings expects to follow a licensing and royalty model in order to early on monetize and make its innovations available for use in FDA Investigational New Drug studies and through other types of collaborations.
About VAPE Holdings, Inc.
VAPE Holdings, Inc. focuses on designing, marketing, and distributing various vaporization products and provides management, consulting, branding, real estate and compliant packaging solutions to lawfully operating participants in the legal cannabis industry. The company offers medical and food grade ceramic products primarily under the HIVE Ceramics brand throughout North America, Europe and South America. HIVE offers a nonporous, non-corrosive, chemically inert ceramic vaporization element, which can be used for a range of applications, including stand-alone vaporization products and electronic cigarettes. The company is based in Chatsworth, California.
For more information on HIVE Ceramics and to visit our e-commerce site, please visit: http://www.hiveceramics.com.
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Vape Holdings’ products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in Vape Holdings’ filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting Vape Holdings please refer to the Company’s Securities and Exchange Commission filings, which are available at www.sec.gov. Vape Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: VAPE Holdings, Inc.