KEE Action Sports, LLC. announces today that it has acquired the intellectual property portfolio of Smart Parts. KEE believes it was critical to paintball that the portfolio stayed inside the industry. KEE’s President and CEO, John Robinson, said that “KEE is committed to growing paintball participation industry-wide and that KEE intends to use the intellectual property assets in a manner consistent with that goal.” In a letter to be sent out shortly, KEE will inform current license holders how it intends to continue to work with them under their current license arrangements. KEE welcomes contacts from other companies interested in pursuing a partnership relating to its new IP assets.