JTI Acquires “Ploom” Intellectual Property Rights from Ploom, Inc.

SAN FRANCISCO–(BUSINESS WIRE)–Ploom, Inc. announced today that JTI will acquire Ploom’s modelTwo and pods product line – including the “Ploom” trademark – and general intellectual property related to modelTwo and pods. Concurrent with the transaction, Ploom, Inc. will buy back JTI’s minority stake in order to focus on Ploom’s successful PAX business and an expanding product portfolio.

Ploom’s new corporate name will be PAX Labs, Inc.

Financial details of the transaction were not released. The transaction is expected to close during the first quarter of 2015.

“This partnership has afforded both parties many mutual benefits, and we are proud of our success with the pods product line,” says James Monsees, PAX Labs founder and CEO. “Both companies will profit from this fresh approach. Operating as PAX Labs, our focus on vaporization delivery products will fuel continued growth, especially as we enter new market segments. In addition to PAX, our industry-leading, loose-leaf vaporization product, we anticipate rapid rollouts of new products and further expansion into international markets.” PAX is an open system vaporizer that heats loose-leaf tobacco. It is currently available in the U.S. and Canada. More than 500,000 PAX units have been sold.

About PAX Labs, Inc.

Founded in 2007 by two Stanford Design Program Masters program graduates, PAX Labs applies design principles to reinvent the smoking experience. Headquartered in San Francisco, the company produces innovative premium vaporizers that provide a cleaner, modern alternative to smoking. PAX Labs strives to be a trustworthy leader in vaporization products.

For more information, please visit www.PAX-Labs.com.

12 comments ↓

#1 jersey boy on 02.19.15 at 7:15 PM

interesting – wonder if there is more to this deal.

#2 asd@asd.com on 02.24.15 at 8:12 PM

Means JTI is not paying the freight for this nonsense, and they don’t want to be in marijauna.

#3 greenbox on 02.26.15 at 9:35 AM

Ploom manufactures PAX. And anyone that is familiar with PAX knows this is an alternative device for smoking marijuana. Is there something to read into this from JTI. I think there is.

#4 greenbox on 02.26.15 at 9:36 AM

No one is using PAX for tobacco. LOL

#5 asd@asd.com on 02.27.15 at 1:37 PM

What it means is that JTI is not interested in marijuana — which is why they left PAX with the gloom guys and just kept the tobacco.

#6 Anonymous on 03.13.15 at 12:46 AM

PAX is very effective and I have seen this product very pricey

#7 Vapor Vixen on 03.25.15 at 1:56 AM

any one know about their supposed superior liquid

#8 asd@asd.com on 03.26.15 at 5:26 AM

Yes, what I know is to check the x axis on Bonnie’s report and you’ll start laughing about how the “stanford” boys present their data.

Some of the acids they are using would create real safety issues. The “ip” is entirely derivative from Jed Rose’s work that PMI has yet to be able to actually commercialize — just that Jed Rose despite being only a Duke guy did a much more thorough and intellectualy honest job.

#9 heehaw on 03.27.15 at 3:36 PM

Here’s a hee-haw — Jed Rose used a weak acid (pyruvate) — these fellows think they can use Salicylic acid ????? For the lungs? Have luck with that:

https://www.google.com/patents/US20150020824?dq=US+20150020824+A1&hl=en&sa=X&ei=tbAVVfTVBc7LsASApIDQDA&ved=0CB4Q6AEwAA

#10 asd@asd.com on 03.28.15 at 9:16 AM

And I wondered why JTI let the blushing bride get away…

#11 Vapor Vixen on 03.29.15 at 11:52 AM

interesting

#12 vaping fool on 03.31.15 at 11:28 PM

so I saw today that the ftc made a decision to sue regarding the merger = whats this mean

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