Ispire Technology Inc.

The company researches, develops, designs, commercializes, sells, markets, and distributes branded and non-branded vaping hardware products in both the nicotine and cannabis sectors. Vaping involves inhaling and exhaling vapor from an electronic vaping device. These products are sold into global nicotine markets as e-cigarettes and global cannabis markets as cartridges filled with oils by the company's customers. The company sells its e-cigarette products globally where legally permitted. Its nicotine products are currently marketed under the "Aspire" brand name and are primarily sold through its distribution network. The company is preparing to expand its international presence by launching nicotine products under the Ispire platform through licensing arrangements with selected partner brands, with one such arrangement already launched. The company currently sells its cannabis vaping hardware in the United States, Canada, and South Africa. It is developing its sales network across Europe, South America, and other regions in anticipation of legalization. Its cannabis products are marketed under the Ispire brand name, primarily on an original design manufacturer ("ODM") basis to other cannabis vapor companies, including multi and single-state operators, brand owners, and co-packers. ODM involves designing and customizing core products to meet each brand's unique image and needs, with the hardware products then sold by customers under their own brand names.