Capstone Companies, Inc. Announces Worldwide License Agreement With T&B Media, Ltd. (United Kingdom) for Capstone’s Connected Chef Kitchen Tablet
Capstone Companies, Inc. (OTCQB: CAPC) has signed a 5-year worldwide license agreement with T&B Media, , a UK-based company, for its Connected Chef kitchen tablet. The agreement grants T&B exclusive rights to promote, market, sell, distribute, and manufacture the product, with Capstone receiving a flat dollar license fee per unit sold.
The Connected Chef is a purpose-built kitchen tablet featuring Google mobile services, including Playstore and YouTube integration, designed to withstand kitchen conditions. This licensing deal marks the first commercial exploitation of the product, which was developed in 2023 to replace Capstone's discontinued Smart Mirror line.
While Capstone's strategic focus remains on their health, fitness, and social activities (HFS) business, this licensing initiative aims to recoup Connected Chef development costs. However, the company acknowledges significant market competition and lacks operational experience with the product, making financial performance predictions uncertain.
Capstone Companies, Inc. (OTCQB: CAPC) ha firmato un accordo di licenza mondiale della durata di 5 anni con T&B Media, un'azienda con sede nel Regno Unito, per il suo tablet da cucina Connected Chef. L'accordo concede a T&B diritti esclusivi per promuovere, commercializzare, vendere, distribuire e produrre il prodotto, con Capstone che riceve una tassa di licenza fissa per ogni unità venduta.
Il Connected Chef è un tablet da cucina progettato appositamente, dotato di servizi mobili Google, inclusa l'integrazione con Playstore e YouTube, ed è progettato per resistere alle condizioni della cucina. Questo accordo di licenza segna il primo sfruttamento commerciale del prodotto, sviluppato nel 2023 per sostituire la linea di Smart Mirror dismessa da Capstone.
Sebbene il focus strategico di Capstone rimanga sulle loro attività di salute, fitness e socialità (HFS), questa iniziativa di licenza mira a recuperare i costi di sviluppo del Connected Chef. Tuttavia, l'azienda riconosce una significativa concorrenza di mercato e manca di esperienza operativa con il prodotto, rendendo incerti i pronostici sulle performance finanziarie.
Capstone Companies, Inc. (OTCQB: CAPC) ha firmado un acuerdo de licencia mundial por 5 años con T&B Media, una empresa con sede en el Reino Unido, para su tableta de cocina Connected Chef. El acuerdo otorga a T&B derechos exclusivos para promover, comercializar, vender, distribuir y fabricar el producto, recibiendo Capstone una tarifa de licencia fija por cada unidad vendida.
El Connected Chef es una tableta de cocina diseñada específicamente, que cuenta con servicios móviles de Google, incluida la integración de Playstore y YouTube, y está diseñada para resistir las condiciones de la cocina. Este acuerdo de licencia marca la primera explotación comercial del producto, que fue desarrollado en 2023 para reemplazar la línea de Smart Mirror descontinuada de Capstone.
Aunque el enfoque estratégico de Capstone sigue siendo su negocio de salud, fitness y actividades sociales (HFS), esta iniciativa de licencia tiene como objetivo recuperar los costos de desarrollo del Connected Chef. Sin embargo, la empresa reconoce una competencia de mercado significativa y carece de experiencia operativa con el producto, lo que hace inciertos los pronósticos de rendimiento financiero.
Capstone Companies, Inc. (OTCQB: CAPC)는 영국에 본사를 둔 T&B Media와 5년간의 전 세계 라이선스 계약을 체결했습니다. 이 계약은 T&B에게 Connected Chef 주방 태블릿을 홍보, 마케팅, 판매, 배급 및 제조할 수 있는 독점 권리를 부여하며, Capstone은 판매된 각 유닛에 대해 고정 라이선스 수수료를 받습니다.
Connected Chef는 Google 모바일 서비스, Playstore 및 YouTube 통합을 포함하여 주방 환경에서 견딜 수 있도록 설계된 목적에 맞춘 주방 태블릿입니다. 이 라이선스 계약은 2023년에 Capstone의 중단된 Smart Mirror 라인을 대체하기 위해 개발된 제품의 첫 상업적 활용을 의미합니다.
Capstone의 전략적 초점은 건강, 피트니스 및 사회 활동(HFS) 비즈니스에 여전히 있지만, 이 라이선스 이니셔티브는 Connected Chef 개발 비용을 회수하는 것을 목표로 하고 있습니다. 그러나 회사는 시장 경쟁이 치열하다는 점과 제품에 대한 운영 경험이 부족하다는 점을 인정하며, 재무 성과 예측은 불확실합니다.
Capstone Companies, Inc. (OTCQB: CAPC) a signé un accord de licence mondial de 5 ans avec T&B Media, une entreprise basée au Royaume-Uni, pour sa tablette de cuisine Connected Chef. L'accord accorde à T&B des droits exclusifs pour promouvoir, commercialiser, vendre, distribuer et fabriquer le produit, Capstone recevant des frais de licence fixes par unité vendue.
Le Connected Chef est une tablette de cuisine spécialement conçue, dotée des services mobiles de Google, y compris l'intégration de Playstore et YouTube, et conçue pour résister aux conditions de la cuisine. Cet accord de licence marque la première exploitation commerciale du produit, développé en 2023 pour remplacer la gamme de miroirs intelligents abandonnée par Capstone.
Bien que l'accent stratégique de Capstone reste sur ses activités de santé, de fitness et sociales (HFS), cette initiative de licence vise à récupérer les coûts de développement du Connected Chef. Cependant, l'entreprise reconnaît une concurrence de marché significative et manque d'expérience opérationnelle avec le produit, rendant les prévisions de performance financière incertaines.
Capstone Companies, Inc. (OTCQB: CAPC) hat einen 5-Jahres-Weltlizenzvertrag mit T&B Media, einem im Vereinigten Königreich ansässigen Unternehmen, für sein Connected Chef Küchen-Tablet unterzeichnet. Der Vertrag gewährt T&B exklusive Rechte zur Förderung, Vermarktung, zum Verkauf, zur Verteilung und zur Herstellung des Produkts, wobei Capstone eine feste Lizenzgebühr pro verkauftem Gerät erhält.
Das Connected Chef ist ein speziell entwickeltes Küchen-Tablet, das mit Google Mobile Services, einschließlich Playstore- und YouTube-Integration, ausgestattet ist und dafür ausgelegt ist, den Bedingungen in einer Küche standzuhalten. Dieses Lizenzgeschäft markiert die erste kommerzielle Nutzung des Produkts, das 2023 entwickelt wurde, um die eingestellte Smart Mirror-Serie von Capstone zu ersetzen.
Obwohl Capstones strategischer Fokus weiterhin auf ihrem Gesundheits-, Fitness- und Sozialaktivitäten (HFS) Geschäft liegt, zielt diese Lizenzinitiative darauf ab, die Entwicklungskosten des Connected Chef zurückzugewinnen. Das Unternehmen erkennt jedoch den erheblichen Wettbewerb auf dem Markt an und hat keine operative Erfahrung mit dem Produkt, was die Vorhersagen zur finanziellen Leistung unsicher macht.
- New revenue stream potential through licensing fees from Connected Chef
- 5-year exclusive worldwide licensing agreement secured
- Product includes valuable Google mobile services integration
- Corporate compliance funding secured through Q3 2025
- No existing sales history or operational experience with Connected Chef
- Faces significant competition in smart device market
- Insufficient working capital funding beyond Q3 2025
- market liquidity as a penny stock company
- No established revenue flow to fund 2025 working capital needs
“The license agreement with T&B is the result of our efforts throughout 2024 to realize value from our development of the Connected Chef product through third party licensing. While our strategic focus is on the health, fitness and social activities business (“HFS business”), recouping the development costs of the Connected Chef through licensing was a concurrent business line,” said Stewart Wallach, Capstone’s Chairman of the Board of Directors and executive in charge of the Connected Chef licensing program.
The Connected Chef, a purpose-built kitchen tablet with an accessory platform to accommodate food prep accessories such as a cutting board, was developed to bring Internet connectivity in a device designed to withstand the conditions in a kitchen. The Connected Chef has Google mobile service allowing for pre-installation of specific Google LLC applications, including Playstore, voice assistant and YouTube. Google LLC is a subsidiary of Alphabet, Inc. and “Playstore” and “YouTube” are trade names and products/services of Google LLC. The Connected Chef will face significant competition from a variety of existing smart devices as well as kitchen-designed devices pursuing the same niche market as the Connected Chef.
Production of the Connected Chef under the License will be the first commercial exploitation and first production for sale of the Connected Chef, which was developed in 2023 to replace the discontinued Smart Mirror consumer product line. Due to a lack of operational experience and sales history of the Connected Chef, the Company cannot predict the financial performance of the License or its impact on the Company’s business and financial condition.
About T&B. T&B Media Ltd. is a
About Capstone. Capstone is engaged in the business of HFS development and licensing of the Connected Chef kitchen tablet.
FORWARD LOOKING STATEMENTS. Except for statements of historical fact in this press release, the information contained above contains forward-looking statements, which statements are characterized by words like “should,” “may,” “intend,’ “expect,” “hope,” “believe,” “anticipate” and similar words. Forward looking statements are not guarantees of future performance and undue reliance should not be placed on them by a reader of this press release. Forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any statements about future performance or results expressed or implied by such forward-looking statements. The licensing of the Connected Chef is an initial commercial exploitation effort for the product and may not produce revenues or sufficient revenues to sustain the Company’s operations. The success of the License will depend, in part, of the efforts of T&B, finalizing production of the Connected Chef product in a timely, affordable manner and consumer demand for the product. Since there is no existing sales history for the Connected Chef, the Company cannot predict sales for the Connected Chef or level of consumer interest in such a product. While the Company has a funding commitment for funding basic corporate overhead for compliance with reporting requirements under the Securities Exchange Act of 1934 and other related, essential compliance costs through the third fiscal quarter of 2025, the Company has not yet secured working capital funding for basic corporate compliance overhead beyond the third fiscal quarter of 2025 or to fully fund its HFS business. Adequate, timely and affordable third-party working capital funding is needed to sustain and adequately fund Company’s operations throughout 2025, especially since the Company has not established, as of the date of this press release, a revenue flow sufficient to fund projected working capital needs in 2025. The Company is also a “penny stock” company with limited public market liquidity and no primary market makers. Any investment in the Common Stock of the Company is a highly risky investment that is not suitable for investors who cannot afford the total loss of the investment and require greater liquidity than may be available for the Common Stock. The risk factors in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and other filings with the SEC should be carefully considered prior to any investment decision. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250325813135/en/
Contact information and media inquiries:
irinquiries@capstonecompaniesinc.com
Telephone: (954) 570-8889, ext. 315
Source: Capstone Companies, Inc.
FAQ
What are the key terms of CAPC's Connected Chef licensing agreement with T&B Media?
What features does CAPC's Connected Chef kitchen tablet offer?
When was CAPC's Connected Chef developed and what did it replace?
How is CAPC funding its operations through 2025?
