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Beyond Tobacco Patent Filing Advanced to Nonprovisional Status with Enhanced Scope of Protection

Nachrichtenquelle: globenewswire
05.05.2021, 09:01  |  99   |   |   

LAS VEGAS and VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) -- TAAT GLOBAL ALTERNATIVES INC. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP2) (the “Company” or “TAAT”) is pleased to announce that its patent filing with the United States Patent and Trademark Office (“USPTO”) for the technique which causes Beyond Tobacco to taste and smell similarly to tobacco has been advanced to “nonprovisional” status, with the assignment of a patent examiner currently pending. In a press release dated September 4, 2020, the Company announced that it had filed for patent protection of this refinement technique, which characterizes both TAAT and its Beyond Tobacco base material. TAAT was launched at retail in Ohio in Q4 2020, and was made available to the majority of smokers aged 21+ in the United States through e-commerce in February 2021. Sentiments from users of TAAT have largely reflected satisfaction with the product’s experiential similarity to that of smoking a tobacco cigarette, despite no tobacco or nicotine content whatsoever in TAAT.

As the Company continues its efforts to build market share in the USD $814 billion global tobacco industry, patents can play an important role in its ability to establish a market position and preserve the competitive advantages that can be had from patent protection. Incumbent firms in the tobacco industry are among the world’s top patent filers, with Philip Morris International and Japan Tobacco International having been listed in the 100 Top Patent Filers by the European Patent Office in 2016 and 2019, respectively1, 2.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/05c45f86-9878-4e8f ...

Readers using news aggregation services may be unable to view the media above. Please access SEDAR or the Investor Relations section of the Company’s website for a version of this press release containing all published media.

With the Company’s patent filing having advanced to nonprovisional status, an examiner will be assigned to review the Company’s claims and potentially grant a United States patent based on their findings. A “provisional” patent application is initially filed to establish a U.S. filing date for an invention, and must be followed by a nonprovisional application within 12 months in order to proceed to formal review. After a patent is granted, the holder generally benefits from its protection for a period of 20 years from the provisional filing date.

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Beyond Tobacco Patent Filing Advanced to Nonprovisional Status with Enhanced Scope of Protection LAS VEGAS and VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) - TAAT GLOBAL ALTERNATIVES INC. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP2) (the “Company” or “TAAT”) is pleased to announce that its patent filing with the United States …

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