Newgen Concepts Inc (OTCMKTS:VPOR) reported that it will plan expanded U.S. and global patents for Easy Grinder™ as an outcome of internal testing that disclose that the know-how of Easy Grinder™ may be utilized in apps beyond the MJ Industry.
Dror Svorai, the President of Newgen, reported that they have known that Easy Grinder™ may have extensive use beyond from the herbs grinding. As a result, they are pursuing establishing a multi-national patent wall to defend its mechanism and design, with a plan to market and develop product variations for uses in other markets.
He added that for fun, they showed that Easy Grinder can grind coffee beans as well as other hard substances. The understanding is that given its power and uniqueness, they intend to explore its practical application whenever and wherever a strong, portable grinder is required. They consider the profit and revenue upside of this opportunity is immense. The company will be releasing additional data on this development in the coming period.
Earlier the company reported that its subsidiary will begin fulfilling Easy Grinder™ orders in this month. Newgen utmost remains on the acquisition and progression of commercially feasible intellectual property and proprietary offerings. It is advancing with its preliminary business of making and marketing vaporizers, e-liquids and e-cigarettes, and through its other subsidiary the marketing of Whizboard scooters.
Total Vapor is the worldwide supplier of the revolutionary automatic Easy Grinder™ targeting the MJ market. Newgen also owns Simple Cork, Inc., the developer of a fresh, multi-nationally patented blend wine bottle cork or opener being designed for market entry in 2017.
In the last trading session, the stock price of Newgen traded in a narrow range and closed at $0.00290. The gains came at a share volume of 15.32 million compared to average share volume of 47.73 million.