Our portfolio currently consists of four smoke-free products. PMI's smoke-free products are now available in 95 markets.

Our most advanced smoke-free product is the IQOS tobacco heating system, which releases nicotine and flavors without combustion. Because the tobacco is heated and not burned, the average 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 e-vapor product, with a heating technology that represents a new approach to vapor generation. 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.

*Importantly, none of our smoke-free products are risk-free and they deliver nicotine, which is addictive. The best choice is always to quit tobacco and nicotine altogether. However, for those adults who do not quit, switching to a smoke-free alternative represents a better choice than continuing to smoke.