Altria Announces Expansion of Strategic Framework with Philip Morris International for E-Vapor Products
July 16 2015 - 8:59AM
Business Wire
Altria Group, Inc. (Altria) (NYSE:MO) announces that it is
expanding its strategic framework with Philip Morris International
(PMI) to include a joint research, development and
technology-sharing agreement (Agreement). Under the Agreement,
Altria and PMI will collaborate to develop e-vapor products for
commercialization in the United States by Altria and in markets
outside the United States by PMI. The Agreement also provides for
exclusive technology cross licenses, technical information sharing
and cooperation on scientific assessment, regulatory engagement and
approval related to e-vapor products.
Altria’s Profile
Altria’s wholly-owned subsidiaries include Philip Morris USA
Inc. (PM USA), U.S. Smokeless Tobacco Company LLC (USSTC), John
Middleton Co., Nu Mark LLC, Ste. Michelle Wine Estates Ltd. (Ste.
Michelle) and Philip Morris Capital Corporation. Altria holds a
continuing economic and voting interest in SABMiller plc
(SABMiller).
The brand portfolios of Altria’s tobacco operating companies
include Marlboro®, Black & Mild®, Copenhagen®, Skoal®, MarkTen®
and Green Smoke®. Ste. Michelle produces and markets premium wines
sold under various labels, including Chateau Ste. Michelle®,
Columbia Crest®, 14 Hands® and Stag’s Leap Wine Cellars™, and it
imports and markets Antinori®, Champagne Nicolas Feuillatte™,
Torres® and Villa Maria Estate™ products in the United States.
Trademarks and service marks related to Altria referenced in this
release are the property of Altria or its subsidiaries or are used
with permission. More information about Altria is available at
altria.com and on the Altria Investor app.
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