Our most advanced one is the electrically heated tobacco product IQOS, which releases nicotine and flavors without combustion. Because the tobacco is heated and not burned, the levels of harmful chemicals are significantly reduced compared to cigarette smoke. This is also true for our second heated tobacco product in development,TEEPS.
Our products without tobacco produce a nicotine-containing vapor. IQOS VEEV is our next generation e-vapor product, with a heating technology that represents a new approach to vapor generation. And unlike other e-cigarettes, IQOS VEEV is manufactured in a fully automated process in our European production facilities. Our other product without tobacco that is currently under development is STEEM, which generates a flavorful nicotine-containing vapor in the form of a nicotine salt.