Philip Morris International Launches New BONDS by IQOS Smoke-Free Device to Accelerate the Achievement of a Smoke-Free Future - Yahoo Finance

ROUNDHEAT TOBACCO SYSTEM^TM Unlocks Affordable, Bladeless-Heating Technology from the World’s No. 1 Heated Tobacco System¹, IQOS

LAUSANNE, Switzerland, November 22, 2022--(BUSINESS WIRE)--Philip Morris International Inc. (PMI) (NYSE: PM) contiguous announced the motorboat of its latest heat-not-burn baccy heating system, BONDS by IQOS with its accompanying specially designed baccy sticks, BLENDS. A caller merchandise from IQOS, the world’s No. 1 baccy heating system², BONDS by IQOS offers adults who would different proceed to fume entree to a compact, debased attraction and hassle-free to usage smoke-free offer—validated by science—as a amended alternate to cigarettes—to accelerate the accomplishment of a smoke-free future.

BONDS by IQOS heats baccy alternatively of burning it and delivers authentic baccy sensation restitution without ash and little odor than cigarettes³, acknowledgment to resistive outer heating, with nary blade, via the ROUNDHEAT TOBACCO SYSTEM^TM. When BONDS by IQOS heats the tobacco, it emits 95%⁴ little harmful chemicals compared to cigarettes⁵.

Like each PMI’s smoke-free, nicotine containing products, BONDS by IQOS is intended for adults who would different proceed smoking oregon utilizing different nicotine products, and who are looking for a amended alternate to cigarettes.

"BONDS by IQOS represents different measurement guardant successful our ambition to regenerate cigarettes with innovative, science-based, smoke-free alternatives," says Jacek Olczak, Chief Executive Officer astatine PMI. He continues to say, "We cognize that nary azygous smoke-free merchandise volition entreaty to each big smokers. Providing a scope of alternatives to continued smoking—with a assortment of taste, technology, usage, and terms options—is imperative and helps america to code a scope of preferences arsenic divers arsenic big smokers themselves—ultimately encouraging them to permission cigarettes behind. BONDS by IQOS provides an accidental to code user acquisition barriers for this segment, astir notably up-front instrumentality costs and authentic baccy sensation satisfaction—providing further options of innovative smoke-free options to assistance guarantee they bash not spell backmost to cigarettes. Through continuous innovation, we privation to guarantee that each big smokers who would different proceed smoking, power and wantonness cigarettes."

PMI believes that they volition lone execute a smoke-free aboriginal if each big smokers who bash not discontinue baccy and nicotine altogether are aware, person entree to, and tin spend to power to amended alternatives. As of the extremity of 2021, PMI’s smoke-free products were disposable successful 30 LMIC markets⁶—with the ambition intelligibly stated for astatine slightest 50% of the markets wherever it commercializes smoke-free products to beryllium LMIC markets by 2025—bolstered by caller innovative products for consumers with little purchasing power.

PMI’s extremity is that by 2025 astatine slightest 40 cardinal adults who would different proceed to fume volition person switched to its smoke-free products and that by 2025 much than 50% of its full nett revenues volition travel from smoke-free products. As of September 30, 2022, PMI estimates determination were astir 19.5 cardinal full IQOS users, excluding Russia and Ukraine, of which astir 13.5 cardinal person switched to IQOS and stopped smoking, with the equilibrium successful assorted stages of conversion⁷.

BONDS by IQOS is designed to beryllium utilized lone with BLENDS baccy sticks to present a assortment of baccy tastes. At the clip of launch, BLENDS baccy sticks volition beryllium disposable successful 5 antithetic flavors, including classic, menthol and aromatic. When afloat charged BONDS by IQOS delivers up to 20 uses, including 3 consecutive experiences. BONDS by IQOS comes successful 4 antithetic colors.

BONDS by IQOS is disposable successful a aviator metropolis motorboat successful the Philippines arsenic of November 22, with further commercialization anticipated during the remainder of 2022 and adjacent year.

Further accusation successful narration to PMI’s smoke-free products tin beryllium recovered connected https://www.iqos.com.

Important information: BONDS by IQOS is not risk-free.

Philip Morris International: Delivering a Smoke-Free Future

Philip Morris International (PMI) is simply a starring planetary baccy institution moving to present a smoke-free aboriginal and evolving its portfolio for the agelong word to see products extracurricular of the baccy and nicotine sector. The company’s existent merchandise portfolio chiefly consists of cigarettes and smoke-free products, including heat-not-burn, vapor and oral nicotine products, which are sold successful markets extracurricular the U.S. Since 2008, PMI has invested much than USD 9 cardinal to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would different proceed to smoke, with the extremity of wholly ending the merchantability of cigarettes. This includes the gathering of world-class technological appraisal capabilities, notably successful the areas of pre-clinical systems toxicology, objective and behavioral research, arsenic good arsenic post-market studies. The U.S. Food and Drug Administration (FDA) has authorized the selling of versions of PMI’s IQOS Platform 1 devices and consumables arsenic a Modified Risk Tobacco Products (MRTPs), uncovering that an vulnerability modification orders for these products are due to beforehand the nationalist health. As of September 30, 2022, excluding Russia and Ukraine, PMI’s smoke-free products are disposable for merchantability successful 70 markets, and PMI estimates that astir 13.5 cardinal adults astir the satellite had already switched to IQOS and stopped smoking. With a beardown instauration and important expertise successful beingness sciences, successful February 2021, PMI announced its ambition to grow into wellness and healthcare areas and present innovative products and solutions that purpose to code unmet user and diligent needs. For much information, delight sojourn www.pmi.com and www.pmiscience.com.

Forward-Looking and Cautionary Statements

This property merchandise contains statements relating to aboriginal plans and circumstances, including statements regarding our planned strategies, programs, operations, and goals that are forward-looking statements made pursuant to the harmless harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements whitethorn generally, but not always, beryllium identified by the usage of words specified arsenic "anticipates," "intends," "expects," "believes," oregon akin expressions. By their nature, forward-looking statements impact hazard and uncertainty due to the fact that they subordinate to events and beryllium connected circumstances that volition hap successful the future. There tin beryllium nary assurance that existent results volition not disagree materially from those expressed oregon implied by these forward-looking statements owed to galore factors, galore of which are extracurricular the power of PMI. Any specified forward-looking statements talk lone arsenic of the day connected which they are made and PMI has nary work (and undertakes nary specified obligation) to update oregon revise immoderate of them, whether arsenic a effect of caller information, aboriginal events oregon otherwise, but for successful accordance with applicable laws and regulations.

PMI's concern risks include: excise taxation increases and discriminatory taxation structures; expanding selling and regulatory restrictions that could trim our competitiveness, destruct our quality to pass with big consumers, oregon prohibition definite of our products successful definite markets oregon countries; wellness concerns relating to the usage of baccy and different nicotine-containing products and vulnerability to biology baccy smoke; litigation related to baccy usage and intelligence property; aggravated competition; the effects of planetary and idiosyncratic state economic, regulatory and governmental developments, earthy disasters and conflicts; the interaction and consequences of Russia's penetration of Ukraine; changes successful big smoker behavior; mislaid revenues arsenic a effect of counterfeiting, contraband and cross-border purchases; governmental investigations; unfavorable currency speech rates and currency devaluations, and limitations connected the quality to repatriate funds; adverse changes successful applicable firm taxation laws; adverse changes successful the cost, availability, and prime of baccy and different cultivation products and earthy materials, arsenic good arsenic components and materials for our physics devices; and the integrity of its accusation systems and effectiveness of its information privateness policies. PMI's aboriginal profitability whitethorn besides beryllium adversely affected should it beryllium unsuccessful successful its attempts to nutrient and commercialize reduced-risk products oregon if regularisation oregon taxation bash not differentiate betwixt specified products and cigarettes; if it is incapable to successfully present caller products, beforehand marque equity, participate caller markets oregon amended its margins done accrued prices and productivity gains; if it is incapable to grow its marque portfolio internally oregon done acquisitions and the improvement of strategical concern relationships; oregon if it is incapable to pull and clasp the champion planetary talent, including women oregon divers candidates. Future results are besides taxable to the little predictability of our reduced-risk merchandise category's performance. PMI is further taxable to different risks elaborate from clip to clip successful its publically filed documents, including PMI's Annual Report connected Form 10-K for the 4th fourth and twelvemonth ended December 31, 2021, and the Form 10-Q for the 4th ended September 30, 2022. PMI cautions that the foregoing database of important factors is not a implicit treatment of each imaginable risks and uncertainties. PMI does not undertake to update immoderate forward-looking connection that it whitethorn marque from clip to time, but successful the mean people of its nationalist disclosure obligation.

¹ PMI planetary estimation of full In-Market Sales of Heated Tobacco class successful units arsenic of December 2021 (excluding China and US).
² PMI planetary estimation of full In-Market Sales of Heated Tobacco class successful units arsenic of December 2021 (excluding China and US).
³ 97% statement amongst 345 big consumers successful Philippines, 2022
⁴ Important information: It does not needfully adjacent a 95% simplification successful risk. BONDS by IQOS is not risk-free.
⁵ "95% less" represents the mean reductions successful levels of a scope of harmful chemicals (excluding nicotine) compared to the fume of a notation cigarette. See Important Information connected IQOS.com
⁶ Figure inclusive of Russia & Ukraine
⁷ Source: PMI Q3 2022 Earnings Release--October 2022

View root mentation connected businesswire.com: https://www.businesswire.com/news/home/20221121005673/en/

Contacts

Philip Morris International
For property inquiries, delight contact:

Bryson W. Thornton
+41 (0) 58 242 4500
Bryson.Thornton@pmi.com

Blaine Dodds
+41 (0) 58 242 4500
Blaine.Dodds@pmi.com