TAAT(TM) (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP2), which filed the original provisional patent with the United States Patent and Trademark Office in September 2020, is now a step closer to being a patent owner. Its patent filing has advanced to nonprovisional status, with the assignment of a patent examiner currently pending. Patents can play an important role in TAAT’s market positioning and preserve the competitive advantages of patent protection. Per TAAT CEO Setti Coscarella, who was quoted in a recent article, “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. 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.”
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About TAAT Global Alternatives Inc.
The company has developed TAAT(TM), 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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