22nd Century Group (XXII) 2012年年度报告「NYSE」.pdf

1、Stock Ticker:XXII2012 ANNUAL REPORT22nd Century Group,Inc.9530 Main StreetClarence,New York 14031Telephone:(716)270-1523Fax:(716)877- 22nd Century Group,Inc.22nd Century Group,Inc.2012 ANNUAL REPORT2012 Annual Report Cover clean 2.indd 18/9/13 10:48 AMDear Fellow Shareholders:It is hard to believe t

2、hat 22nd Century Group has been public now for just over two and a half years.The company went public on January 25,2011 with fewer than 60 shareholders and now we have nearly 800.22nd Century Group has achieved many milestones since then,but I believe we have only just begun in terms of building sh

3、areholder value.Stemming from 111 issued patents and 38 pending patent applications,our technology allows us to produce our proprietary tobacco to fulfill 22nd Centurys mission of developing and commercializing:(i)consumer-acceptable reduced risk tobacco products for those who do not desire to quit

4、smoking and(ii)a prescription-based smoking cessation aid consisting of a kit of very low nicotine(VLN)cigarettes for those who desire to quit.These two distinct business lines are segregated in our wholly owned subsidiaries,Goodrich Tobacco Company and Hercules Pharmaceuticals.You,of course,have th

5、ousands of public company choices in which to invest.Allow me to articulate why our company is an especially compelling proposition for investors.Licensing and Partnering The Company has been in negotiations with various parties in the tobacco and pharmaceutical industries for licensing its technolo

6、gy and products since early 2012.Management expects to finalize one or more licensing agreements in the third quarter of 2013,including a worldwide agreement allowing 22nd Century and its technology to participate in the approximate$700 billion global annual tobacco market.Separately,22nd Century an