The IP is the glass bamboo which is patented, the quartz nail designs might be patented, not sure about the baskets and hydra tubes. Not exactly sure what I could use without owning the IP.
I hope they can cut a fair deal with you on the IP - maybe even something that's revenue-share based, so you don't have to risk much or any capital up front. But it also seems like you'd benefit to keep Hanu's management as far away from your project as possible.
They bought this IP to do essentially nothing with it - prototyped a mediocre also-ran that mostly seemed like a way to raise the price on the original design and then closed up the project. After releasing a mediocre handheld that seemed designed around the goal of selling expensive prefab carts, in a market already packed with prefab carts. So right now they've basically just locked up all that innovation. IMO the real reason we have not seen another all-glass vape like the Evo probably isn't for lack of interest in the design, it's because Hanu is squatting the patents.
It's an especially bitter end for a technology that originated with a *community* funded effort, since the og cloud was crowdfunded. So the community paid for this technology to be invented and patented, then Hanu bought it and locked it up. I can't blame Seibo for taking a check, except that he's adopted this bro hustle-culture persona after playing his own part in this. He's able to style himself as this successful hustle-energy entrepreneur only on the back of a crowdfunded project that he later sold to a corporation without the community or the technology's best interests in mind. The guy Hanu installed as CEO of Vapexhale had zero experience in this market and if you go backwards in this thread you'll see people voicing their concerns from day 1.
Can you tell I'm disappointed by the fate of the Evo? Lol. You've got my support too and I'd be a happy volunteer for testing and feedback. Loved my Evo, replaced it with a Ditanium I'm very happy with, but I still occasionally long for the all-glass path straight to a glass piece with no whip in between.