The Company is well positioned for revenue expansion as it leverages its expertise in product development, manufacturing and marketing.
As consumers buying habits continue to change so does Capstone’s business strategy as evidenced by its entry into the Smart Home product categories.
Capstone Companies, Inc. (“Capstone”) is a designer, manufacturer and distributor of consumer inspired products that bridge technological innovations with today’s lifestyle. The Company has a history of exploiting technologies in areas of induction charging, power failure control, security and home LED lighting products.
Over the past ten years, Capstone has had a significant impact on the LED Lighting industry.
The Company recently turned its attention to a new emerging category that would allow its team to once again demonstrate its strengths in design, engineering and low-cost production.
Capstone’s recognized products have been sold through varying channels over the past ten years including noted big box retailers as Costco, Home Depot, Lowes, Office Depot, Sam’s Club, Target and Walmart.
The Hong Kong based Capstone International HK subsidiary has been created to provide a broad suite of sourcing services to include project and logistics management. The Company is the main provider of these services to Capstone Industries, Inc.
The Company has expertise in all areas of manufacturing and exporting from the Pacific rim. Capstone International HK focuses on quality control, product development, engineering and manufacturing.
Beyond sourcing, the Company is in an envious position to independently identify, develop and market emerging products and technologies internationally. These opportunities can reach fruition through partnerships, licensing arrangements or independently developed through internal resources, leading to expanded product offerings and sales in the Asian and European markets in addition to new channels within the Americas.
Larry Sloven, President, is responsible for leading the International HK business unit, having resided in this region for 25 plus years mastering the skills of business development, relationship building and the cultural communication nuances of the surrounding Asian markets.
Capstone Industries
Capstone Industries, Inc. (“Capstone”) is a designer, manufacturer and distributor of consumer inspired products that bridge technological innovations with today’s lifestyle. The Company has a history of exploiting technologies in areas of induction charging, power failure control, security and home LED lighting products.
Over the past ten years, Capstone has had a significant impact on the LED Lighting industry.
The Company recently turned its attention to a new emerging category that would allow its team to once again demonstrate its strengths in design, engineering and low-cost production.
Capstone’s recognized products have been sold through varying channels over the past ten years including noted big box retailers as Costco, Home Depot, Lowes, Office Depot, Sam’s Club, Target and Walmart.
Capstone International Hong Kong
The Hong Kong based Capstone International HK subsidiary has been created to provide a broad suite of sourcing services to include project and logistics management. The Company is the main provider of these services to Capstone Industries, Inc.
The Company has expertise in all areas of manufacturing and exporting from the Pacific rim. Capstone International HK focuses on quality control, product development, engineering and manufacturing.
Beyond sourcing, the Company is in an envious position to independently identify, develop and market emerging products and technologies internationally. These opportunities can reach fruition through partnerships, licensing arrangements or independently developed through internal resources, leading to expanded product offerings and sales in the Asian and European markets in addition to new channels within the Americas.
Larry Sloven, President, is responsible for leading the International HK business unit, having resided in this region for 25 plus years mastering the skills of business development, relationship building and the cultural communication nuances of the surrounding Asian markets.
Looking Forward Strategy
Emerging Product Segment –
Connected Surfaces
It is undeniable that today’s population is more connected than ever. Just as smartphones, tablets and broadband subscriptions have expanded from 2010 – 2018 across all age groups and income levels, we envision the continuing simplification and access to content and data in new formats imminent which will create substantial consumer demand.
The United States is one of the largest smartphone markets in the world with one of the highest smartphone penetrations rates worldwide. In 2017, 68.4% of the U.S. population used a smartphone. The number of U.S. smartphone users exceeded 220 million by year-end 2017.
Additionally, there are an estimated 110,000,000 residences with fixed broadband subscriptions. Reaching only 1% of these fixed broadband residences would result in more than 1,000,000
smart mirrors being sold.
Broadening Social Media Footprint
Complementing our commitment to e-commerce, the Company is fortifying its social media presence through leading platforms. The Company’s strategic vision for “Connected Surfaces” will continue to evolve in the digital sphere. The social media strategy will serve to foster an online community with its followers and customers while providing a space for sharing product experiences.
Channel Development
While the Company’s history has demonstrated management’s ability to effectively distribute product to big box retailers (globally), it’s looking forward strategy emphasizes the importance of eCommerce in reaching today’s market. The strategy is intended to balance the Company’s revenue stream and maintain its relevance in the marketplace.
Supply Chain Transition
In an effort to mitigate the impact of unforeseen tariff penalties in the future and to minimize our reliance on China sources, the Company’s strategy dictates a concentrated and expedient effort in transitioning supply chains to other regions within the Pacific Rim. This strategy will position the Company to address future supply chain requirements in a more controlled manner.
Shaping Capstone’s Future
While the Company has and continues to benefit from more than 100 years of experience of its seasoned executive management team, it’s expanded workforce is taking on a younger complexion. The executive management team is driving the initiative to finding younger, career minded executives and general management to continue the growth for years to come. The Company relocated its offices in 2019 as part of this initiative creating a more open space which nourishes a collaborative work experience.