Pax Labs

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Pax Labs
Private
IndustryElectronic Vaporizers
FoundedJune 2007; 11 years ago (2007-06) in San Francisco, California
FounderJames Monsees
Adam Bowen
Headquarters660 Alabama Street, San Francisco, California, 94110[1]
Area served
United States
Canada
Israel
ProductsPax vaporizers
Websitepaxvapor.com

Pax Labs (formerly Ploom[2] and stylized as PAX Labs) is an American electronic vaporizer company founded in 2007 that markets the Pax vaporizers.[3] The company developed the Juul (pronounced jewel[4]) e-cigarette; Juul Labs was spun out as a separate company in 2017.[5][6]

History[edit]

The company was founded by James Monsees and Adam Bowen in 2007 under the name Ploom.[2] As of 2015 it has distribution in the United States and Canada and has received $46.7 million in "series C" funding from various sources.[7][8] In August 2016, Tyler Goldman became the CEO of Pax.[6] Monsees left Pax in July 2017.[6] Bowen left Pax in June 2017.[6] Goldman left Pax in 2017.[6]

The company has been involved with Japan Tobacco International.[2] It markets the Pax vaporizers,[3] starting with the Pax by Ploom. As Pax Labs, Inc., the company then introduced the Pax 2, including the following changes: no moving parts to maintain, smaller and lighter, larger oven, and longer battery life. Pax 2 can be used with loose-leaf tobacco or cannabis.[9] In November 2016, the Pax 3 was released, featuring compatibility with both extracts and plant matter, new tools and accessories, and a complementary smart phone app. The same month, Pax also introduced an extract-based vaporizer called the Era, which operates by heating a concentrated cannabis liquid held in very small containers.[10]

Ari Atkins, Pax Labs' R&D engineer, said "We don’t think a lot about addiction here because we’re not trying to design a cessation product at all."[11] He added, "anything about health is not on our mind."[11]

Juul[edit]

Juul vaporizer
Juul vaporizer

On June 1, 2015, the company introduced Juul, a type of e-cigarette that utilizes nicotine salts that exist in leaf-based tobacco, for its key ingredient.[12] They were given a US patent for their nicotine salt preparation in 2015.[13] The nicotine salts are said to create an experience more like smoking than other e-cigarettes on the market.[14] The e-cigarette is shaped like a USB flash drive[15] and recharges using a magnetic USB deck.[16] Each cartridge (called a Juul pod) contains about the same amount of nicotine as one pack of cigarettes[15] and delivers approximately 200 hits.[16] Juul attempts to deliver a nicotine peak in five minutes, similar to a traditional cigarette.[17] Mango is among the five most popular flavors.[18] A Juul starter kit sells for about $49.99.[19]

In 2017 Juul Labs was spun out of Pax Labs as an independent company.[6] Tyler Goldman, former CEO of Pax Labs, was named CEO of Juul after the spin-off.[6]

References[edit]

  1. ^ "PAX Labs Inc". ZoomInfo. 2018.
  2. ^ a b c Will Yakowicz (June 10, 2015). "This Silicon Valley Company Just Raised $47 Million to Smoke Cigarette Makers". Inc.
  3. ^ a b Freddie Dawson (July 31, 2015). "Pax Labs Looking At International Expansion". Forbes. Retrieved September 10, 2015.
  4. ^ Erin Brodwin (March 8, 2018). "A vape pen created by Stanford graduates is taking over US high schools — and doctors are frightened". Business Insider – via San Francisco Chronicle.
  5. ^ Staff, Entrepreneur (July 24, 2018). "How This Investor Blazed a Path to Success in the Cannabis Industry". Entrepreneur. Retrieved September 30, 2018.
  6. ^ a b c d e f g Ari Levi (December 19, 2017). "E-cigarette maker Juul is raising $150 million after spinning out of vaping company". CNBC.
  7. ^ Tom Huddleston, Jr. (June 10, 2015). "Investors are lining up for this e-cig, vaporization company". Fortune. Retrieved September 10, 2015.
  8. ^ Jordan Crook (June 10, 2015). "Pax Labs Heats Up With $46.7 Million In Series C Funding". TechCrunch. Retrieved September 10, 2015.
  9. ^ Melia Robinson (August 22, 2016). "The company behind the 'iPhone of vaporizers' is reinventing the e-cigarette". Business Insider.
  10. ^ Melia Robinson (October 13, 2016). "The 'Apple of vaping' made an e-cigarette for marijuana — here's what it's like". Business Insider.
  11. ^ a b Nitasha Tiku (April 21, 2015). "Startup behind the Lambo of vaporizers just launched an intelligent e-cigarette". The Verge.
  12. ^ Alyssa Stahr (June 5, 2015). "New Product: PAX LABS Introduces E-CIGARETTE JUUL". Vape News.
  13. ^ Sean Thomas (December 22, 2015). "PAX secures patent for "Nicotine Salt E-Cigarette"". The Slanted.
  14. ^ Ryan Lawler (April 20, 2015). "Vaporization Startup Pax Labs Introduces Juul, Its Next-Gen E-Cigarette". TechCrunch. Retrieved February 26, 2016.
  15. ^ a b Aaron Souppouris (June 3, 2015). "Juul is the e-cig that will finally stop me from smoking (I hope)". Engadget. Retrieved September 10, 2015.
  16. ^ a b Nitasha Tiku (April 21, 2015). "Startup behind the Lambo of vaporizers just launched an intelligent e-cigarette". The Verge. Retrieved September 10, 2015.
  17. ^ Ben Radding. "Pax Juul: The iPhone of E-cigs?". Men's Fitness. Retrieved May 17, 2017.
  18. ^ Teitell, Beth (November 16, 2017). "'Juuling': The most widespread phenomenon you've never heard of". The Boston Globe.
  19. ^ Wisniewski, Christie (April 18, 2018). "Vaping, juuling latest threats to teen, pre-teen health". The Recorder.

External links[edit]