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Vapor Group, Inc., VPOR, Provides Update on Simple Cork™
Vapor Group, Inc., VPOR, Provides Update on Simple Cork™.
About this update from Vapor Group Inc
[{"type":"text","content":"\n\n\n\nVapor Group, Inc., VPOR, Provides Update on Simple Cork™\n\n\n\n\n\nVapor Group, Inc., VPOR, Provides Update on Simple Cork™\nPR Newswire\nMIAMI, October 3, 2017\n\n\n\nMIAMI, October 3, 2017 /PRNewswire/ --\n\nVapor Group, Inc. (OTC Pink: VPOR), (\"Company\"), released today the following update on Simple Cork™ from its President and CEO, Yaniv Nahon.\n\n\"We are delighted to announce that our revolutionary integrated wine bottle opener and cork, Simple Cork™, which we own in its entirety, has been awarded a patent in France. We are confident that this patent will be the first of many that we'll receive. Since acquiring this invention, we have pursued an aggressive program to build a 'patent wall' around it to protect it. As a result, the Simple Cork™ has been filed for patent protection in 8 other countries, as well as under the 'Patent Cooperation Treaty' in which 70 countries participate.\n\nTaking a patentable invention from design to manufacturing can be complex. This is especially true when your invention has a potential manufacturing, distribution and marketing footprint across numerous countries. Moreover, for us, the development of Simple Cork™ and its plans for manufacturing must accommodate the needs of worldwide winery brands that sell across a range of retail price points.\n\nSince last fall, we have been working with our engineering firms in Italy and Israel on the execution of the Simple Cork™ concept, including several design variations to meet winery brand needs. We believe we are on track for market introductions in early 2018. Moreover, some of the variations from the extensive engineering development provide additional patentable features that we can add to our patent filings, further strengthening the value of Simple Cork™.\n\nThe global market for Simple Cork™ is huge and complex. According to the Food and Agriculture Organization of the United Nations, worldwide wine production is estimated to equate to 36 billion bottles each year. Our plan is to initially capture a small percentage of this market which we will grow year-over-year. The upside potential can only be described as unlimited.\"\n\nAbout Vapor Group, Inc.\n\nVapor Group, http://www.vaporgroup.com, is focused on the acquisition and development of commercially viable intellectual prop...