RICHMOND, Va.--(BUSINESS WIRE)--Jul. 16, 2015--
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 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150716005670/en/
Source: Altria Group, Inc.
Altria Media Affairs