Philip Morris International Inc. Formally Introduces IQOS 3 DUO in Lebanese Market

Philip Morris International (PMI) (NYSE: PM), the global leader in innovative, scientifically substantiated smoke-free products, today introduced IQOS 3 DUO, the company’s most advanced heated tobacco product, in the Lebanese market.

Commenting on the announcement, Taylan Suer, Philip Morris Lebanon’s General Manager, said “Our goal is to develop better alternatives to adult smokers, like IQOS, which delivers nicotine with 95% lower levels of harmful chemicals.1: It is important to note that it does not necessarily equal a 95% reduction in risk. IQOS is not risk-free.

IQOS heats tobacco instead of burning it, with no smoke, no ash and less lingering smell. The device uses a ceramic blade to heat tobacco to a precisely controlled temperature range below 350OC to release a nicotine containing vapor. Innovative tobacco and nicotine products that are backed by solid science can play a key role in reducing the harm caused by smoking cigarettes for the benefit of public health and society at large.”

“The launch of IQOS 3 DUO in Lebanon affirms our commitment to invest in the development and commercialization of scientifically substantiated products that provide a better alternative to adult smokers who would otherwise continue to smoke cigarettes,” said Jacek Olczak, Chief Operating Officer of PMI. “IQOS is now available in 52 markets, and nearly 10 million adult smokers worldwide have already switched to this smoke-free product and abandoned cigarettes.”

The IQOS 3 DUO is designed with new features to help adult smokers who would otherwise continue smoking to switch and leave cigarettes behind. Featuring the fastest and most powerful holder within the IQOS family, it allows two consecutive uses without recharging the holder.

Suer added that “The best choice for smokers is to quit tobacco and nicotine containing products entirely. Our goal is to be able to offer adult smokers who would otherwise continue smoking scientifically substantiated better alternatives to cigarettes.”

IQOS 3 DUO will be available from official IQOS authorized retailers in Lebanon from February 18. IQOS users will also benefit from PMI’s customer care infrastructure which aims to ensure a smooth transition and an improved user experience.

To date, PMI has invested more than a decade and USD 6 billion in the scientific research, development and commercialization of its growing portfolio of advanced smoke-free products. Over 400 leading scientists, engineers and experts work on the development, research and scientific substantiation of smoke-free products. PMI has stated its aim that by 2025 at least 40 million smokers of PMI’s cigarettes who would otherwise continue to smoke will have switched to smoke-free products, and that at least 30 percent of its total shipment volume will come from smoke-free products.

On average, 70 percent of the smokers who switch to IQOS abandon cigarettes. 2

It is important to note that IQOS is not risk-free and it delivers nicotine, which is addictive.

1Average reductions in levels of a broad range of harmful chemicals (excluding nicotine) compared to the smoke of a reference cigarette (3R4F).

2 Source: PMI financials or estimates, IQOS user panels and PMI market research.

 

Philip Morris International: Delivering a Smoke-Free Future

 Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders. PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, as well as smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the United States. In addition, PMI ships a version of its IQOS Platform 1 device and its consumables authorized by the U.S. Food and Drug Administration to Altria Group, Inc. for sale in the United States under license. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements. PMI’s smoke-free IQOS product portfolio includes heat-not-burn and nicotine-containing vapor products. As of December 31, 2019, PMI estimates that approximately 9.7 million adult smokers around the world have already stopped smoking and switched to PMI’s heat-not-burn product, available for sale in 52 markets in key cities or nationwide under the IQOS brand. For more information, please visit www.pmi.com and www.pmiscience.com .

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