Ispire Technology Inc. is engaged in the research and development design commercialization sales marketing and distribution of branded and non branded vaping hardware products in both the nicotine and cannabis sectors. The company creates electronic vaping devices that produce inhalable vapor from e liquid or cannabis oil without burning the material. Its operations span product design engineering prototyping tooling and assembly as well as branding and market outreach. Ispire Technology Inc. focuses on delivering adult consumer experiences while seeking to limit youth access through technology and compliance measures. The firm maintains a global presence with sales in Europe North America Asia Pacific and other regions where local laws permit.

Ispire Technology Inc. generates revenue primarily from the sale of its vaping hardware to third party distributors original equipment manufacturers and original design manufacturers. The company sells nicotine based e cigarette products under its Aspire brand and through licensing arrangements for the Ispire platform in markets where it is legally permitted. It also sells cannabis vaping hardware on an original design manufacturer basis to other cannabis brands in the United States Canada South Africa and select international markets. According to its disclosures the company reported total revenue of one hundred twenty seven million four hundred ninety four thousand dollars for the fiscal year ended June 30 2025 compared to one hundred fifty one million nine hundred nine thousand dollars for the prior year. The geographic split shows Europe contributing fifty eight point one percent of sales in 2025 North America twenty five point five percent Asia Pacific nine point six percent and other regions six point seven percent. In addition OEM and ODM arrangements accounted for approximately forty point two percent and twenty five point nine percent of e cigarette revenue in the 2025 and 2024 fiscal years respectively.

The company operates through the following segments: Aspire North America and Aspire Science.

• Aspire North America focuses on the cannabis vaping hardware business. It designs and sells vaporization devices on an original design manufacturer basis to cannabis brands operating in the United States Canada South Africa and emerging markets in Europe and South America. The segment does not handle cannabis oil or plant material and relies on its DuCore and Ispire ONE technologies to provide leak proof performance and consistent vapor quality. Aspire North America also works on future products such as the G Mesh platform to improve nicotine uptake and flavor delivery.

• Aspire Science manages the nicotine vaping hardware operations worldwide excluding the People’s Republic of China and Russia. It sells e cigarette products under the Aspire brand and through licensing arrangements for the Ispire platform to third party partners. The segment supplies original equipment manufacturer and original design manufacturer services to other nicotine brands and leverages its patented coil technologies such as BVC and BDC to enhance product performance. Aspire Science supports a global distributor network that reaches more than thirty countries across Europe Asia Pacific and other regions.

Ispire Technology Inc. holds a competitive position in the vaping industry through its proprietary coil technologies and strong intellectual property portfolio. The company differentiates itself with innovations such as the DuCore coil system the Ispire ONE sealing technology and the G Mesh airflow design which aim to improve flavor vapor production and device reliability. While the broader market includes large players like Smoore International Holdings Limited Ispire Technology Inc. relies on its research and development pipeline and its ability to offer customized ODM solutions to maintain relevance. The firm’s focus on reducing youth access through age gating initiatives and its compliance with regional regulatory frameworks further supports its market standing.

Ispire Technology Inc. serves a diverse customer base that includes more than one hundred fifty independent distributors who sell its products to retailers in over thirty countries. The company also works with original equipment manufacturer and original design manufacturer partners that rebrand its hardware for sale under their own labels. In the cannabis space its customers are primarily other cannabis vapor companies that purchase devices on an ODM basis and fill them with their own oils. The firm’s nicotine business reaches adult consumers through retail channels such as convenience stores tobacco shops and online platforms while its cannabis business serves licensed dispensers and brands in jurisdictions where medical or recreational use is permitted.