Latest news with #ElectronicNicotineDeliverySystems
Associated Press
4 days ago
- Business
- Associated Press
Ispire-Backed IKE Tech to Present 7th Annual Next Generation Nicotine Delivery USA Conference
Conference Attendance Follows Groundbreaking FDA PMTA Filing for Blockchain-Powered Age-Gating System LOS ANGELES, June 3, 2025 /PRNewswire/ -- Ispire Technology Inc. ('Ispire' or the 'Company') ( NASDAQ: ISPR ), a trailblazer in vaping technology and precision dosing, announced that IKE Tech LLC ('IKE Tech'), a joint venture that includes Ispire as a founding partner, will showcase their technology at the 7th Annual Next Generation Nicotine Delivery USA at the Hyatt Regency in Miami from June 4-5th. This event convenes key business leaders from the FDA, the ENDS (Electronic Nicotine Delivery Systems) sector, and the tobacco industry across the U.S. market to explore strategies for legal compliance and commercial success. The announcement comes on the heels of IKE Tech's historic milestone, in which the joint venture filed a component Pre-Market Tobacco Product Application (PMTA) and Tobacco Product Master File (TPMF) with the U.S. Food and Drug Administration (FDA) for its Bluetooth Low Energy (BLE) System-on-a-Chip. IKE Tech has now received an Acceptance Review letter from the FDA, confirming that their PMTA meets regulatory requirements to be accepted, and moves the application into the FDA's filing review phase. This marked the first-ever complete PMTA submission for a standalone, interoperable, blockchain-enabled age-verification component designed for universal integration across all ENDS devices. Unlike traditional systems that verify age only at the point of purchase, IKE Tech's platform requires continuous, real-time identity verification, offering an unprecedented level of security against underage vaping. IKE has formally requested expedited review of the application, citing its potential to significantly enhance public health. At the conference, John Patterson, senior vice president of International Nicotine at Ispire and president of IKE Tech, will speak on a panel titled " Technology to End Youth Vaping for Electronic Nicotine Delivery Systems,' scheduled for Wednesday, June 4, at 2:00 p.m. In his capacity as President of IKE Tech, Patterson will discuss: To schedule a meeting with John Patterson or other Ispire representatives, please email [email protected]. About IKE Tech LLC IKE Tech LLC is a joint venture comprised of three leading technology and research companies -- Ispire Technology Inc, Touch Point Worldwide Inc. d/b/a Berify, and Chemular Inc. -- dedicated to revolutionizing Identity and Age Verification (IAV) technology solutions. Recognizing the absence of a universal point-of-sale IAV solution and recognition of the need for one, these companies joined forces to create a unique IAV technology component. IKE's mission is to set the gold standard for IAV by (i) permitting access to electronic nicotine delivery systems by authorized adult users while (ii) preventing underage access through a 'plug and play' component compatible across different devices and platforms. About Ispire Technology Inc. Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company's operating subsidiaries own or license more than 400 patents worldwide. Ispire's branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People's Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company's cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information, visit or follow Ispire on Instagram, LinkedIn, Twitter and YouTube. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ('Securities Act') as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'would,' 'could,' 'seek,' 'intend,' 'plan,' 'goal,' 'project,' 'estimate,' 'anticipate,' 'strategy,' 'future,' 'likely' or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company's strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: the Company's ability to collect its accounts receivable in a timely manner, the Company's business strategies, the ability of the Company to market to the Ispire ONE™, Ispire ONE's success of meeting its goals, the ability of its customers to derive the anticipated benefits of the Ispire ONE™ and the success of their products on the markets; the Ispire ONE™ proving to be safe, and the risk and uncertainties described in 'Risk Factors,' 'Management's Discussion and Analysis of Financial Condition and Results of Operations,' 'Cautionary Note on Forward-Looking Statements' and the additional risk described in Ispire's Annual Report on Form 10-K for the year ended June 30, 2023 and any subsequent filings which Ispire makes with the U.S. Securities and Exchange Commission. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in the press release relate only to events or information as of the date on which the statements are made in the press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect. IR Contacts: For more information, kindly contact: Investor Relations Sherry Zheng 718.213.7386 [email protected] KCSA Strategic Communications Phil Carlson 212.896.1233 [email protected] PR Contact: Ellen Mellody 570.209.2947 [email protected] View original content: SOURCE Ispire Technology Inc.
New Indian Express
4 days ago
- New Indian Express
Kohli co-owned pub one-8 booked for COTPA violations
'A team of policemen attached to the Cubbon Park police stations visited all the pubs and restaurants in their jurisdiction and found 12 of them did not have designated smoking zones. The checks were made on Thursday and Friday late evening at Grant Circle, Vittal Mallya Road, UB City, Kasturba Road, Church Street, St Marks Road and Lavelle Road,' said an officer. FIRs have been registered against the manager and staff. As per the rules, if restaurants, hotels or pubs have a seating capacity of more than 30, then it is mandated to have a designated smoking zone. Even airports must compulsorily have designated smoking zones. In July, last year, the police had registered an FIR against the manager of One8 Commune for reportedly keeping the pub open beyond the permissible time limit. One8 Commune restaurant was started in December 2023, in Bengaluru. It is located on the sixth floor of the Rathnam's Complex on Kasturba Road in the vicinity of Chinnaswamy Cricket Stadium. It may be recalled that from May 27 to June 2, the city police intensified the enforcement of COTPA, 2003. The police gave special focus to enforcing the ban on Electronic Nicotine Delivery Systems (ENDS), including e-cigarettes and vaping devices. Surprise inspections were conducted at malls, coffee bars, and shops to check for violations related to having a designated smoking zone.
Yahoo
29-04-2025
- Yahoo
U.S. Customs seizes counterfeit cigarettes worth $729,000 in Texas
April 29 (UPI) -- U.S. Customs and Border Protection has busted a shipment of fake brand cigarettes worth more than $729,000. CBP officers placed the shipment from Vietnam on hold when it arrived in the United States at Miami Seaport, before intercepting it Friday in Laredo, Texas. Import specialists with the Agriculture Center for Excellence and Expertise found 17,500 cigarette cartons had counterfeit marks. "Our CBP officers and import specialists continue to maintain their vigilance and exercise due diligence to ensure that fake goods do not enter U.S. commerce," said Port Director Albert Flores, Laredo Port of Entry. "They utilize their training, experience and information from the registered trademark owners to authenticate imported merchandise and when they encounter counterfeits to promptly detain and seize such items, thereby protecting the U.S. economy and the consumer," Flores added. Had the cigarettes been sold as "genuine," the shipment would have been worth $729,400, according to CBP officers. "CBP has the authority to detain, seize, forfeit and ultimately destroy imported merchandise if it bears an infringing trademark or copyright that has been registered with the U.S. Patent and Trademark Office or the U.S. Copyright Office," U.S. Customs and Border Protection said Tuesday in a statement. "Trade in counterfeit and pirated goods threatens America's innovation economy, the competitiveness of our businesses, the livelihoods of U.S. workers, and, in some cases, national security and the health and safety of consumers." Last year, CBP officers in Chicago made 121 seizures, containing more than 3.2 million banned Electronic Nicotine Delivery Systems and worth more than $81.5 million. Most of the shipments to the United States came from China with unauthorized trademarks, which violated the FDA's Federal Food, Drug and Cosmetic Act. In October, a Chinese national was extradited from Australia to the United States to face charges related to North Korea's counterfeit cigarette enterprise that reportedly funds its nuclear and weapons of mass destruction programs.
