LOS
ANGELES, July 18, 2023 /PRNewswire/ -- Ispire
Technology Inc. ("Ispire" or "the Company") (NASDAQ: ISPR), a
leader in vapor technology, providing high-quality, innovative
products with first-class performance, announced today that it will
unveil its most recent technology advancement for the cannabis
industry, the Ispire ONE™, at the Champs Trade Show, a premier
business to business trade expo, in Las
Vegas, on July 19 - 22, 2023.
The show attracts a diverse range of industry professionals,
including smoke and vape shops, dispensaries, glass blowers, online
marketers, and cultivation product and service providers
worldwide.
At the Champs Show, Ispire will introduce its proprietary and
transformative Ispire ONE™ technology and products. Designed
to
1. eliminate capping issues in the
manufacturing/co-packing process,
2. increase consistency and quality of the filled
devices,
3. eliminate leaking, spitting, or overheating for
cartridges, disposables, and PODs,
4. improve consumer safety, as the devices are sealed in a
sterilized factory environment to eliminate risk of contamination
during filling process by Ispire's customers,
Ispire ONE™ is intended to provide cannabis and CBD brands
and copackers with significantly enhanced operating efficiency
which could improve gross margin and elevate consumer safety.
Further details about the Ispire ONE™ technology can be
found at the Ispire booth during the Champs Trade Show.
"We're very proud to debut Ispire ONE™ at the
Champs Trade Show. This pivotal advancement underscores our
commitment to delivering top-tier products in the fast-growing CBD
and cannabis vaping market. Designed with an unwavering focus on
enhancing operational efficiency and product safety, we believe
that this technology will provide a tangible competitive advantage
for brands and manufacturers in these rapidly evolving sectors. As
we continue to innovate, our commitment to delivering top-notch
products at competitive pricing, and adding value for our
shareholders remains steadfast," said Michael Wang, CFO of Ispire.
About Ispire Technology Inc.
Ispire is engaged in the R&D, design, commercialization,
sales, marketing and distribution of branded e-cigarettes and
cannabis vaping products. The Company has or licenses from a
related party more than 200 invention/design patents received or
filed globally. Ispire's tobacco products are marketed under the
Aspire brand name and are sold worldwide (except in the PRC and
Russia) primarily through our
distribution network. Ispire's cannabis products are marketed under
the Ispire brand name primarily on an original design manufacturer
(ODM) basis to other cannabis vapor companies. Ispire currently
sells its cannabis vaping hardware only in the United States, and it recently commenced
marketing activities in Canada and
Europe, primarily in the European
Union.
Please visit www.ispiretechnology.com and follow us on
Facebook, Twitter, Instagram, Linkedin, Pinterest, and YouTube. Any
information contained on, or that can be accessed through, the
Company's website, any other website or any social media, is not a
part of this press release.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, 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
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," "Special Note Regarding
Forward-Looking Statements" and the additional risk described in
Ispire's prospectus dated April 3,
2023 and in "Management's Discussion of Financial Condition
and Results of Operations" in the Company's Form 10-Q quarterly
report for the quarter and nine months ended March 31, 2023. 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.
Investor Relations Contact:
Sherry Zheng
718.213.7386
ir@ispiretechnology.com
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SOURCE Ispire Technology Inc.