The condom is one of the most-used devices to prevent pregnancy and the transmission of many STDs, according to SexEd Library. Very little has changed in its overall design for centuries. We believe the Galactic Cap will change people's understanding of the traditional condom and society's use of condoms forever.
We've designed, developed and patented a new take on the condom. It fits safely and securely on the head of the penis, leaving the coronal ridge and shaft exposed for more skin-to-skin contact, more sexual pleasure, and ultimately more condom usage. Already, we've raised over $100,000 on IndieGoGo from men and women who've been waiting for a different solution in bed.
Only 20% of men in developed countries wear condoms. Why? Because condoms are uncomfortable and get in the way of a full sexual experience. But with our new design, we are confident that percentage will change.
According to Global Industry Analysts, 27 billion condoms are sold every year. In our first three years of production, we aim to acquire 5% of the global condom market (1.35 billion units sold). We believe that by increasing condom usage (by increasing pleasure), we can tackle many issues such as unplanned pregnancy, overpopulation, and HIV.
Ultimately, our goal is to change how people perceive condoms and to heighten sexual awareness and safety!
Investment
$1.12 per share of Common Stock | When you invest you are betting the company’s future value will exceed $3.1M.
Perks*
$250.00 - $299.99 - 1 Galactic Cap condoms
$300.00 - $399.99 - 2 Galactic Cap condoms
$400.00 - $499.99 - 3 Galactic Cap condoms
$500.00+ - 5 Galactic Cap condoms
*All perks occur after the offering is completed.
John Novaria, Pricilla, Novaria Communication
After a good friend contracted HIV, I thought how could this happen? I was both shocked and worried as he was like a brother to me. Like many people, he had unprotected sex because he always found condoms to be uncomfortable.
This made me realize that there had to be a better condom design! And so our story began...
Through numerous iterations, we have designed, developed and patented a revolutionary new condom called the Galactic Cap. It is the world’s first condom that fits safely and securely on the head of the penis. Since inception, we have raised $100k on Indiegogo and refined our design.
Today, the Galactic Cap has partnered with California State University, Long Beach Engineering Department for research and testing of the product.
We believe that the Galactic Cap will shake up the condom industry and make people WANT to wear a condom.
Charles Powell, CEO and Founder
The Galactic Cap provides a solution to lack of contraceptive usage. According to the Centers for Disease Control, a traditional condom has a failure rate of 15-18%. By only covering the head of the penis, the revolutionary Galactic Cap increases sensitivity and pleasure, while also acting as a pregnancy prevention method by providing a secure reservoir to trap semen.
In the United States
Worldwide
We believe the Galactic Cap will bring pleasure back into sex in a safe method.
Since inception, Powell Development Group, Inc. has...
The Galactic Cap has a very simple application and removal process. The condom is made up of polyurethane film (which is already used in condoms), and has an adhesive that has been pre-approved by the FDA for use on skin. It fits solely on the head of the penis, increasing sensitivity during sex.
The Galactic Cap provides a solution to three traditional condom issues:
Our unique patent-pending design makes the Galactic Cap the most innovative condom in centuries
Sources: NY Times "Getting Men to Want to Use Condoms" June 24, 2013 & “Condoms: A Global Strategic Business Report” by Market-research firm Global Industry Analysts
Globally, only 5% of men use a condom. In developed nations, condom usage peaks at only 20%.
This means that at least 80% of men in the world are not using any protection!
The Galactic Cap gives men a reason to use a condom, as we believe it delivers vastly more sexual pleasure than a traditional condom. Moreover, if the Galactic Cap were to take just 5% of the condom market, it would be selling over a billion units annually.
According to BusinessWire.com, the worldwide condom market will reach approximately $9.6 billion USD, with a compound annual growth rate of more than 8.2% until 2021. The sales volume of male condoms may grow at a compound annual growth rate of 9.1% over the period 2015-2021.
The global condom-manufacturing industry has seen a dramatic shift in the consumption and sale of condoms made from different materials. The continuous innovations in both male- and female-type condoms is attracting more consumers, hence sales and revenue have been increasing as well.
We believe the Galactic Cap is the most dramatic change in basic condom design in over 400 years.
The mission of the Galactic Cap is to increase condom usage worldwide with a product that couples will WANT to wear. Through this, we aim to lower the number of unplanned pregnancies, as well as reduce the likelihood of STDs and HIV.
The Galactic Cap partnered with the California State University, Long Beach Engineering Department, to research, develop and test the Galactic Cap. Adhesion and pressure testing exceeded normal requirements by ten fold. The University has applied for National Institute of Health (NIH) and National Science Foundation (NSF) grants.
Clinical Trials
Since regulatory approval for the FDA is very expensive and time consuming, our plan going forward is to obtain regulatory approval with a CE Mark (the European equivalent of the FDA). This process will entail human clinical trials of some 100-150 couples. It will run for approximately 6-9 months, and include the appropriate documentation with an independent review board (IRB). The associated cost with obtaining the CE mark is $500,000. Since the Galactic Cap is made with polyurethane, which is already used in condoms and the adhesive has been pre-approved by the FDA for use on skin, we don’t foresee problems obtaining the appropriate regulatory approval.
With a CE Mark, we can begin selling in the European Union. The EU has great potential since it has a larger population than the United States. Additionally, we feel that the CE Mark will greatly help us get into other large markets in the rest of the world.
Once we are generating revenue from our World Markets, we can return to the US and obtain regulatory approval with the FDA. The approximate time frame and cost projected for FDA approval is 2 to 3 years and $2,000,000.
Our planned exit strategy is two fold: Once we have regulatory approval, we will begin large scale production, lower our prices, amass hefty sales volume and market share. After we meet these goals, we expect to be offered a buy out from one of our two main competitors (Trojan or Durex). If this doesn't materialize or the offer is not sufficient, we will forge ahead with our business plan and perform a reverse IPO and begin selling shares of the company on the open market.
The Galactic Cap is solely a pregnancy prevention product, and is primarily designed as condom for couples. We cannot guarantee that it prevents STDs and HIV as it does not cover the full penis. However, we feel that this revolutionary technology will help reduce three of the world’s most difficult problems: unplanned pregnancy, over-population, and help prevent STD/HIV infection.
The fact is traditional condoms do a poor job of preventing pregnancy, STD’s and HIV. Not because they don’t work but because most men don’t wear them. Our research indicates 96% of all men and women dislike traditional condoms largely because they reduce sensitivity during intercourse.
We found that only 5% of the men in the world wear a condom. In developed nations, like the United States, Europe and Japan, condom usage peaks at only 20%. It stands to reason then that at least 80% of men anywhere in the world are not using ANY protection.
This is a huge problem because over the years HIV/AIDS has killed over 30 million people. On top of that, 34 million people currently have the HIV virus worldwide, and every year 3 million more people are newly infected. Obviously, traditional condoms alone are not solving the problem. To this end, we have designed a glans sheath that we feel will increase condom usage.
Since healthy skin is a barrier to infection, the Galactic Cap may help reduce the likelihood of STDs and HIV if a man doesn’t have a sore or abrasion on his penis. Additionally, the Galactic Cap traps semen which can transmit the HIV virus. That and the increased use of condoms may bode well for the reduction of these diseases.
Watch what people are saying about the Galactic Cap!
We feel that we have the finest condom in the world based on independent, anonymous surveys with our customers. Here are some of their remarks:
“Holy sh*t, these things are amazing,”
“It was Epic. I’m ordering another 10.”
"Best condom I've used yet."
“Thrilling.”
“It was the finest condom experience I ever had.”
"I would say it's the closest thing to nothing but skin I've found."
“Easy to apply!"
“I ordered a ten pack. I've used 5 so far. Your condom is batting 5 for 5 no leaks!"
"My wife reported that she thought they were the best condom we have ever used!"
We ran a successful Indiegogo Crowdfunding campaign in 2014 for the Galactic Cap. In a little over 30 days, we raised over $100,000 from supporters in 26 countries around the world. Along the way, we generated lots of buzz. In three days, our video had over a million views! Besides the initial article in the LA weekly, we were written up in the Huffington Post, New York Daily News, UK Daily Mail, Cosmopolitan, Glamour, Askmen, Tech Crunch, DailyBuzz, Gizmodo-India, and translated into German, French and Spanish, We were interviewed on SiriusXM radio and even took some good-natured ribbing on Comedy Central. The upshot of all of this media attention has given our revolutionary, new product a great deal of consumer awareness which continues today. By the way, we used the Indiegogo funds to re-design the Galactic Cap so that it is now the finest condom in the world based on independent anonymous surveys with our customers.
2016 sales figures have gone up tremendously as we now have the finest condom in the world based on independent, anonymous surveys with our customers. Last year's sales figures went up 5 times from the previous year. 2016 total sales were $25K, which is not earth shattering. But this was achieved with a very high price of $15 - $25 per condom (because it's an expensive prototype to make) and absolutely no advertising. However, by the end of 2018, we plan to begin large scale production, lower the price to $2.50 - $3.50 per condom, obtain CE Mark approval, and commence a worldwide marketing campaign. When this happens, the $27 billion dollar condom market is in for a tremendous shakeup, given the fact that most people dislike current traditional condoms.
Condoms. Who needs 'em, right? You know, apart from any man hoping to avoid STD transmission and accidental lady pollination. So most of us, basically. Fortunately, though, their long reign as the curse of the sexually active man may soon be coming to an end.
Can the Galactic Cap take safe sex to infinity and beyond? Charlie Powell believes the Galactic Cap can change the world. It's a condom, kind of - a contoured, adhesive-backed patch of two-ply medical polyurethane, precisely shaped to stick to the head of a penis.
Have you ever wondered, "Wouldn't sex be better if my penis had a helmet?" Yeah, neither have we. But one inventor is pitching just that as a way to have a better time in the bedroom. California native Charlie Powell claims to have invented a new kind of condom that he is calling the "Galactic Cap."
Galatic Cap Pregnancy Prevention device sits on the very tip of the penis Leaves shaft exposed, boosting sensitivity and enabling easier application Comprises film that wraps around the penis and cap to trap semen But critics point out device will not protect against STIs such as herpes An American has invented a new condom which he says is stronger, safer and enables better sensitivity.
The Galactic Cap hopes to function like a normal condom without fitting over the whole penis.
There ain't nothing hotter right now than redesigning the necessary evil that is the modern condom. But while most pecker poncho redesigns tend to look at alternative materials ( hello, graphene condom), this newest one goes for an approach so minimal-it's barely even there. Some NSFW imagery follows. Beware!
Condoms are a need, not a want. So why not make them as minimal as possible? Brands have tried with the ultra-thin this and the super-sensitive that. But, so far, your options are to place an obvious barrier between you and your lover ... or not. Condoms are a huge...
Len Rowell, an Australian student who has trialled the product with his girlfriend said "Fifty percent of the head feels everything. It's pretty phenomenal."
The humble franger has not seen much change since the invention of latex in the 1920s, but Californian inventor Charles Powell says his creation is "the finest condom" the world has ever seen.
Too big, too small or not enough feeling – it all matters when it comes to prophylactics. But will a new wave of innovation make us happier in bed? The Galactic Cap, so called because “the pleasure is out of this world”, is made of polyurethane and fits over the top of the penis only.
Maximum 955,357* shares of common stock ($1,069,999.84)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 8,928 shares of common stock ($9,999.36)
| Company | Powell Development Group Inc. |
| | |
| Corporate Address | 2600 W. 225th Street Torrance, CA 90505 |
| | |
| Description of Business | Design, develop and market a revolutionary new condom called the Galactic Cap. |
| | |
| Type of Security Offered | Common Stock |
| | |
| Purchase Price of Security Offered | $1.12/share |
| | |
| Minimum Investment Amount (per investor) | $224 |
Perks
$250.00 - $299.99 - 1 Galactic Cap condom
$300.00 - $399.99 - 2 Galactic Cap condoms
$400.00 - $499.99 - 3 Galactic Cap condoms
$500.00+ - 5 Galactic Cap condoms
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
Powell Development Group Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 112 shares of Common Stock at $1.12 / share, you will receive 11 Common Stock bonus shares, meaning you'll own 123 shares for $100. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Dear Cappers,
Congratulations! Thanks to you, we had our second straight successful crowd funding campaign which ended January 22nd. With Start Engine and your help, we raised over $163K and attracted 228 investors. Along the way we were awarded our patent and positioned ourselves well for another round of investing as well as gaining regulatory approval, beginning large scale production and launching the Galactic Cap worldwide.
Our first order of business will be to send all of you your Galactic Cap samples/perks. This might take us sometime to get the information from Start Engine, so if you would like your perks now please notify us by email at charles@galacticcap.com and we will immediately get them in the mail. If you are not rushed to receive your perks, we will keep you posted on our progress and get them to you as quickly as we can. We are hoping to get everyone’s perks in the mail by February 15th. If you have any questions or concerns, please let us know. Thank you again for all your help and support.
All the best,
Charlie
Dear Cappers,
In 2002, Billy Bean, GM for the Oakland Athletics, went toe to toe with big-city teams like the Yankees, who routinely robbed small market teams of their top players. Played by Brad Pitt in the movie, Bean fought back using hustle and smarts to win 20 straight games, a league record and cinch the American League West championship.
Much like Billy Bean and the A's, the Galactic Cap is the underdog challenging Trojan and Durex, the big money boys in the condom market. We have a better product, a great game plan and a super enthusiastic team consisting of YOU! By investing in the Galactic Cap and buying shares of our company, you are now in the game.
So today, contact all your friends and potential investors. We only have 12 hours left in the campaign to invest:
www.startengine.com/powell-development-group-inc
Tomorrow and the day after, we take the field. It’s time for a home run.
All the best,
Charlie
Dear Cappers,
Our campaign ends tomorrow, January 22nd, and we cannot extend it further. If you or your friends would like to invest or reinvest, the time is NOW. This Start Engine equity crowd funding campaign is our second successful raise.
In 2014, we ran a successful Indiegogo Crowd Funding campaign for the Galactic Cap. In a little over 30 days, we raised over $100,000 from supporters in 26 countries around the world. Along the way, we generated a lot of buzz. In three days, our video had over a million views! Besides the initial article in the LA weekly, we were written up in the Huffington Post, New York Daily News, UK Daily Mail, Cosmopolitan, Glamour, Askmen, Tech Crunch, DailyBuzz, Gismodo-India, and translated into German, French and Spanish. Most recently, we have been written up in The New York Times, Newsweek, and the Guardian (UK).
We used the Indiegogo funds to re-design the Galactic Cap so that it is now the finest, most pleasurable condom in the world based on independent anonymous surveys with our customers. Our patent issues January 29th and we will continue to gain regulatory approval and begin large scale production to launch the Galactic Cap going forward.
For those of you who have invested, we will be sending out your Galactic Cap samples (perks) shortly, and we will keep you posted on our progress. Please take a moment to reinvest or share our campaign with other potential investors:
www.startengine.com/powell-development-group-inc
The Galactic Cap is a condom men WANT to wear instead of have to wear. Let's make it happen NOW!
All the best,
Charlie
Dear Cappers,
Imagine it’s 1969 and you were the astronaut that missed the mission to the moon. How sad would you feel that you were not a part of one of the biggest achievements in human history?
Now, it’s 2019 and the Galactic Cap is poised to launch around the world. You have 5 days to sign up for the mission. This is your chance to be part of history.
Here’s the plan: conduct a clinical trial, obtain regulatory approval, begin large scale production, and launch an advertising campaign to dominate the condom market throughout the galaxy.
Currently, the Galactic Cap is the finest, most pleasurable contraceptive condom in the world based on independent, anonymous surveys with our customers. The rocket is on the launch pad; it just needs YOU to fuel it with investment to commence blastoff. Invest, reinvest or share now:
www.startengine.com/powell-development-group-inc
All the best,
Charlie
Dear Cappers,
Last week we got great news! After 2 years of our patent pending, we were approved, granting us all of our claims. The patent is set to issue as US Patent No. 10,188,544, on January 29, 2019.
Additionally, one of our investors, who has ordered, reordered and re-invested, sent us this nice note:
"Thanks Charles.
FYI, I found out about you guys originally through Start Engine. After I invested, I ordered. We have been using it and I REALLY want to make sure you guys are successful, so I invested again. And ordered again.
My wife and I have been using them and they are wonderful. We both notice the difference.
Thanks for your amazing product."
OK Cappers! The time is running out to get in on the ground floor. Invest, re-invest, or share our link.
www.startengine.com/powell-development-group-inc
All the best,
Charlie
Dear Cappers,
In 2003, Elizabeth Holmes, a 19-year old Stanford dropout, started a company called Theranos. It was a high-flying blood test startup that raised over $700 million in investment and was valued at $9 billion. Sad to say, it was an absolute fake and a fraud. The company ran for 15 years and didn’t have one product that worked!!!
On the other hand, the Galactic Cap has spent 4 years in development and delivered a fantastic, world-class proven product that customers love. It is here now, has been tested and sold around the world for 2 years. It is ready for clinical trials and regulatory approval.
The current market for condoms is huge. Last year 27 billion condoms were sold, and that’s with 80% of the market under served because customers dislike traditional condoms.
The Galactic Cap is a condom that men WANT to wear instead of have to wear. Let’s support fantastic products and kick fake ones down the road. We only have 14 days left in our campaign. Invest or re-invest now!
www.startengine.com/powell-development-group-inc
All the Best,
Charlie
Dear Cappers,
In our last update, we mentioned that you can launch and land the Galactic Cap for less than $500K, and enhance the sexual pleasure of every man and woman on the planet.
To date, we have raised over $147K with 20 days left in our campaign, so we won't realistically expect to make up the difference in the time we have left. But we WILL aggressively seek to find the remainder of those funds from larger investors, National Institute of Health grants, and support from the AIDS Healthcare Foundation.
We will use the success of the IndieGoGo and Start Engine crowd funding campaigns to show other large investors that we have traction in the marketplace. Currently, the Galactic Cap is the finest, most pleasurable contraceptive condom in the world, based on independent, anonymous surveys with our customers. Our product is here now, being sold around the world, and we only need to obtain regulatory approval to dominate our competitors
Since most of you are already share holders, please let your friends and others know that the time to invest is now. Get in on the ground floor of a truly revolutionary new product when share prices are low.
Our campaign will end January 22nd, and there will be NO extensions. Invest or re-invest now:
www.startengine.com/powell-development-group-inc
All the best,
Charlie
Dear Cappers,
On November 26th, NASA/JPL landed the rover Insight on the surface of Mars. The cost was more than $828M, and there were no immediate benefits to you humans on earth.
However, you can launch and land the Galactic Cap for less than $500K, and enhance the sexual pleasure of every man and woman on the planet.
The Galactic Cap is the finest, most pleasurable contraceptive condom in the world, based on independent, anonymous surveys with our customers. Be a part of history. Help us obtain regulatory approval, begin large scale production, and lower the cost of our product.
Only time will tell what project was more memorable in the galaxy: the Insight rover or the Galactic Cap. Our campaign will end January 22nd, and there will be NO extensions. Invest or re-invest now:
www.startengine.com/powell-development-group-inc
Go Galactic!
All the best,
Charlie
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Powell Development Group has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Powell Development Group be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Powell Development Group offering. Here's an excerpt describing the specifics of the change:
Extending by 60 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
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