"Imagine your lights staying on when the
power goes out!"
- New proprietary technology provides roadmap for
expansion of power failure lighting solutions
- Enables expanded solutions offering for outdoor coach
lights and outdoor security lights, as well as bath vanity lights
and recessed lighting applications
Capstone Companies, Inc. (OTCQB:CAPC), a leader in the design and
manufacture of specialty power failure lighting solutions and
innovator of consumer safety and security products for the
Hospitality, Retail and Institutional channels, announced today
that its wholly-owned subsidiary, Capstone Lighting Technologies,
LLC, has been assigned the power failure technology patent
application filed on January 3, 2014, by inventors Neil Singer,
PhD, Ken Pasch, PhD and John Granada, from AC Kinetics and Stewart
Wallach, CEO of Capstone Companies Inc.
The proprietary technical attributes of the technology enables
unique power failure detection, switch controlled properties, as
well as thermal protection. Notably, it is applicable for a
broad variety of lighting fixture configurations. With this
innovation Capstone plans to expand its product line into a larger
and more diverse offering of stylish indoor and outdoor lighting
fixtures, which combine day-to-day lighting solutions with the
safety of power failure lighting capabilities. It can be
incorporated into almost any lighting fixture design including
standard bulb socket adapters, ceiling can lights, track and
counter lighting, lamps, chandeliers and other indoor and outdoor
lighting fixtures.
Stewart Wallach, Chief Executive Officer of Capstone, commented,
"Today is another important milestone for Capstone and represents
the culmination of over 14 months of collaboration with AC
Kinetics. With this groundbreaking technological innovation,
Capstone is capable of providing seamless, integrated power failure
lighting solutions while maintaining the design and style of the
primary lighting fixtures. Imagine your power going out, but
the lights functioning throughout your home just as they would when
power is available."
When power failure occurs it activates the technology's power
failure lighting solution. Lights using the technology can be
operated on an as needed basis. This feature enables the user
to conserve their power failure resources providing lighting
solutions capable of spanning long periods of extended power
outages.
By incorporating a thermal overload safety protection, the
proprietary technology can be used in applications with insulated
lighting fixtures including ceiling cans or small closets.
In closing Mr. Wallach noted, "We believe this is a unique
solution which we expect to assume a lead role in the power failure
lighting industry. We are now capable of providing the safety of
power failure lighting solutions without compromising the style and
design of an interior or exterior space."
Capstone expects to debut the initial products incorporating
this groundbreaking power failure lighting technology ahead of the
2014 Hardware Show in Las Vegas, NV on May 6, 2014.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that
engages, through its wholly-owned subsidiaries, Capstone
Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone
International HK, Ltd., in the development, manufacturing,
logistics, and distribution of consumer and institutional products
to accounts throughout North America and in international
markets. See www.capstonecompaniesinc.com for more information
about the Company and www.capstoneindustries.com for information on
our current product offerings.
About AC Kinetics
The AC Kinetics, Inc. team has worked together for over 25
years, and its members jointly and independently commercialized new
technologies for the last 35 years. In the 1990s, the team invented
and commercialized state-of-the-art algorithms that reduce residual
vibrations, improve settle times, and minimize unwanted acoustics
in motorized machines. Those algorithms now control hundreds of
millions of machines worldwide ranging from computer disk drives to
cranes handling radioactive materials operated by the Department of
Energy and private utility companies. The technology has flown on a
satellite launched by the Space Shuttle. The software algorithms
continue to be licensed throughout the world, and the method is
taught at many leading universities.
The AC Kinetics team also developed a novel algorithm for
control of parallel motor gantry machines. The technology was
licensed exclusively to Dover Motion Division of Danaher
Corporation to dominate the precision gantry machine market.
For more information about AC Kinetics, please visit the website
at www.ackinetics.com
FORWARD-LOOKING STATEMENTS: This news release
contains "forward-looking statements" as that term is defined in
the Private Securities Litigation Reform Act of 1995, as
amended. Such statements consist of words like "anticipate,"
"expect," "project," "continue" and similar words. These
statements are based on the Company's and its subsidiaries' current
expectations and involve risks and uncertainties, which may cause
results to differ materially from those set forth in the
forward-looking statements. Factors that may cause actual
results to differ materially from those contemplated by such
forward-looking statements, include consumer acceptance of the
Company's products, its ability to deliver new products, the
success of its strategy to broaden market channels and the
relationships it has with retailers and distributors. Prior
success in operations does not necessarily mean success in future
operations. The ability of the Company to adequately and
affordably fund operations and any growth will be critical to
achieving and sustaining any expansion of markets and
revenue. The introduction of new products or the expanded
availability of products does not mean that the Company will enjoy
better financial or business performance. The risks associated with
any investment in Capstone Companies, Inc., which is a small
business concern and a "penny-stock Company" and, as such, a highly
risky investment suitable for only those who can afford to lose
such investment, should be evaluated together with the risks and
uncertainties more fully described in the Company's Annual and
Quarterly Reports filed with the Securities and Exchange
Commission. Capstone Companies, Inc. undertakes no obligation
to publicly update or revise any forward-looking statement, whether
as a result of new information, future events, or
otherwise. Contents of referenced URL's are not incorporated
into this press release.
CONTACT: Company:
Aimee Gaudet
Corporate Secretary
(954) 252-3440, ext 313
Investor Relations:
Garett Gough, Kei Advisors LLC
(716) 846-1352
ggough@keiadvisors.com
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