InvestorNewsBreaks – TAAT Global Alternatives Inc. (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) Provides Update on Beyond Tobacco(TM) Patent Filing
May 5, 2021
TAAT(TM) Global Alternatives Inc. (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) has announced that its Beyond Tobacco(TM) patent filing has advanced to the nonprovisional status. The company submitted the patent filing for its exclusive process that is used to produce Beyond Tobacco’s taste and smell that is similar to tobacco. The filing was submitted to the United States Patent and Trademark Office in September 2020. The patent will protect the refinement technique that characterizes both TAAT(TM) and its Beyond Tobacco base material. The company believes that the patent will prove valuable as the company focuses on establishing a market position and preserving its competitive advantages. Now that the patent filing has advanced to nonprovisional status, an examiner will review application claims and potentially grant a U.S. patent. “The intellectual property protection afforded by a patent on the Beyond Tobacco base material of TAAT could improve our competitive position in the tobacco industry,” said TAAT CEO Setti Coscarella in the press release. “Aside from the fact that it would be more difficult for competitors to imitate our product, it would be more practical for us to manufacture Beyond Tobacco
using third-party producers instead of producing only in-house, which we currently do because the process is a trade secret. We are pleased to have advanced this process in line with standard timeframes for U.S. patent applications, and we look forward to undertaking the steps to finalize this patent which we believe can strengthen TAAT as a competitive product and a uniquely better choice for smokers aged 21+.”
To view the full press release, visit https://ibn.fm/KnSCB
About TAAT Global Alternatives Inc.
TAAT Global Alternatives has developed TAAT, which is a tobacco-free and nicotine-free alternative to traditional cigarettes offered in Original, Smooth and Menthol varieties. TAAT’s base material is Beyond Tobacco(TM), a proprietary blend that undergoes a patent-pending refinement technique causing its scent and taste to resemble tobacco. Under executive leadership with Big Tobacco pedigree, TAAT was launched first in the United States in Q4 2020 as the company seeks to position itself in the $814 billion global tobacco industry. For more information, please visit www.TAATGlobal.com.
NOTE TO INVESTORS: The latest news and updates relating to TOBAF are available in the company’s newsroom at https://ibn.fm/TOBAF
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