Fontem Ventures, owner of the Blu e-cigarette brand, and Ballantyne Brands, a U.S.-based distributor and owner of the Mistic and Haus brands of personal vaporizers and e-liquids, today announced they have reached a settlement agreement that resolves ongoing litigation in the U.S.
The settlement ends another of eight patent infringement cases originally brought by Fontem Ventures and Fontem Holdings in March 2014 in the United States District Court for the Central District of California in relation to e-vapor technology.
Under the terms of the settlement, Fontem Ventures has granted Ballantyne Brands a non-exclusive royalty-bearing global license under the patents asserted in the litigation and certain other e-vapor technology related patents.
The remaining settlement terms are confidential.