Our portfolio includes several next generation e-vapor products, which are battery-powered devices that produce an aerosol by vaporizing a nicotine-containing liquid. Our MESH Vaping System (MVS), initially known commercially as IQOS VEEV, made significant strides in improving the consistency and quality of the aerosol emitted by our e-vapor products. As part of Philip Morris International’s (PMI's) efforts to offer better alternatives for adult smokers who would otherwise continue to smoke, MVS represented an innovative step in e-vapor technology and helped lay the groundwork for more advanced e-vapor solutions, like the Ceramic Vaping System (CVS).