Innovative Vaping Technology Creates a
Sustainable, Cost-Effective Ecosystem that Preserves Terpenes,
Reduces Waste, and Supports Organizations Dedicated to Reducing
Non-Recyclable Waste
LOS
ANGELES, Nov. 25, 2024 /PRNewswire/ -- Ispire
Technology Inc. (NASDAQ: ISPR), announced the launch of
VLT, a groundbreaking vaping pod system that redefines the
510-thread experience. VLT's proprietary reload system offers a
sustainable and eco-friendly solution that empowers consumers to
take control of their vaping devices, addressing key concerns about
environmental impact and disposable hardware waste.
"VLT is a transformative step forward for cannabis vaping," said
Michael Wang, Co-CEO of Ispire.
"We've combined the familiarity of 510-thread devices with a
versatile reloadable system that gives our partners and consumers
true ownership of their vaping experience, while tackling the
environmental and economic challenges that come with
disposables."
Sustainability and Eco-Friendly Design
Unlike disposable vapor products that contribute to electronic
waste by discarding the entire device, including the battery, VLT's
reusable system promotes sustainability by allowing consumers to
reload their pods. This means the battery isn't thrown out with
each use, reducing electronic waste and making the product more
environmentally friendly. The eco-friendly design, featuring a
reusable battery and multiple pod sizes, reduces electronic waste
and supports Ispire's commitment to environmental responsibility. A
portion of VLT's proceeds will be donated to organizations
dedicated to reducing non-recyclable waste, making VLT a
plastic-neutral product.
Cost and Operational Efficiency
VLT's reloadable pods
not only offer a greener alternative but are also cost-effective
when compared to traditional disposable systems. For manufacturers,
VLT drives operational efficiency through the Ispire ONE™ filling
machine, cutting labor costs and maintaining product integrity.
VLT's airtight design preserves the natural terpenes in cannabis
extracts, enhancing flavor profiles and extending shelf life,
setting a new standard for vaping quality.
Elevating the 510-Thread Experience
VLT elevates the
vaping experience by merging the convenience of disposables with
the reliability and performance of the 510-thread system. Available
in a variety of pod sizes, colors, and fully customizable options,
VLT caters to the needs of both THC, CBD and alternative
cannabinoid users. The advanced pod technology ensures maximum
terpene preservation, with an airtight chamber that prevents
evaporation and ensures every draw delivers a consistent and
premium experience.
Wang added, "Disposable vapes have contributed significantly to
electronic waste, but with VLT, we're giving consumers the power to
not only save money but also reduce their carbon footprint. VLT
offers a premium, sustainable experience without sacrificing
convenience or affordability. It's an ideal solution for
multi-state operators (MSOs), single-state operators (SSOs), and
brands seeking sustainable growth while offering consumers a
smarter, eco-friendly alternative to disposables.
For more information, visit https://www.vlt.club/.
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 www.ispiretechnology.com 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 if 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
ir@ispiretechnology.com
KCSA Strategic Communications
Phil Carlson
212.896.1233
ispire@kcsa.com
PR Contact:
Ellen Mellody
570.209.2947
EMellody@kcsa.com
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SOURCE Ispire Technology Inc.