Capstone Companies Commissions AC Kinetics to Further Develop New Product Ideas for its Power Failure Solutions Program
DEERFIELD BEACH, Fla.--(BUSINESS WIRE)-- 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 it has commissioned AC Kinetics, a proprietor of nonlinear optimization and breakthrough control technologies that enhance the efficiency, performance and productivity of electromechanical systems, to mature new product ideas to expand its existing Power Failure Solutions program for its wholly-owned subsidiary, Capstone Industries, Inc.
AC Kinetics, Inc. will be introducing its first green AC Induction Motor control algorithms that simultaneously reduce energy consumption and increase motor performance at the ARPA-e show February 25-27 in Washington D.C. The team's first motor control technology, which also reduces vibrations and acoustics, was invented in 1990 and patented by MIT. That same technology is on hundreds of millions of motor-powered machines worldwide, ranging from larger cranes to computer disk drives. Capstone is looking to apply that high level of expertise into new models, adding even more substance to its current product lines.
"We have developed several algorithms for electric motor control that reduce energy consumption by 10% to 40%, while simultaneously improving motor performance," explains Dr. Neil Singer, president of AC Kinetics, Inc. "We are looking forward to employing some of those familiar concepts and delivering technologically advanced solutions to further develop Capstone's current product offerings."
Capstone's current Power Failure Solutions program includes several stylish and highly functional products in a variety of designs and colors. All items turn on automatically when the power goes out, while plugged into an electrical outlet. They also present additional applications and can be used as nightlights, flashlights, accent lights, work lights and headlights.
Reid Goldstein, President of Capstone Industries, said, "A recent report shows that 500,000 Americans lose power daily for about 2 hours. Every household and every establishment should be concerned with personal safety and make sure at least one power failure light is available in every room. We believe the improvements proposed by AC Kinetics will help us make that a reality in the U.S."
About AC Kinetics
AC Kinetics, Inc. are experts in the design and control of electromechanical systems, and are working with Capstone Industries to develop intelligent detection algorithms and power electronics for Capstone power failure products. For more information about AC Kinetics, please visit http://ackinetics.com.
About Capstone Companies, Inc.
Capstone Companies, Inc. is a public holding company that engages, through its wholly-owned subsidiaries, Capstone Industries, Inc. 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.
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.
Aimee Lev-Har, Corporate Secretary, 954-252-3440, ext 313
Kei Advisors LLC
Deborah K. Pawlowski, 716-843-3908
KEYWORDS: United States North America Florida
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