thEating Inc.,

Professional manufacture, marketing, service and brand

theatings@gmail.com, Since 2018

the Company

The company, thEating Inc., is a startup company which named as thEating Inc. (Chinese name: 樂宜亭智能家電股份有限公司), it was founded at March, 2018 by Dr. BinVa Chang and Ms. Ivy Tseng. This company dedicates on designing, producing and applying of intelligent appliances in smart houses via IOT system. The vision of this company is “to lead the advancement of smart houses through a creative technology for getting a comfortable and convenient living”, and its core values are “4HER”, that is to be Honest, Hard, Humble, Health, Excellent, and Responsibility, respectively. What’s the first thing to this company? It is to solve the problem of rice cooking without automatic and remote control. It’s a good chance and challenge for this company to innovate its first product “a water dispenser with intelligent rice cooker” (named as WDIRC/iCooger®), and its second product WDIRC with grinding (WDIRC+G). Both they had granted of patent from Taiwan, Japan, South Korea, China, Hong Kong, USA, Canada, Australia and Thailand, Malaysia and India both countries's patent are under examination and that will be granted soon. In other words, the company had an exclusive market to sell its product WDIRC and WDIRC+G in these patented countries.

Since year 2021, this compnay will go ino the next phase for creating the real product of WDIRC(water dispenser with intelligent rice cooker) for customer uses, that's a big challenge for the founder PhD BinVa Chang, but he fully fills the confidence to finish this incredible cooking appliance, we look forward it to be coming soon in this year 2021.

1. Profile

The company is a startup company; it will launch its business model at year 2018, the profile of this company is listed below:

2. Tag line

Regarding the slogan or tag line, the company would like to illustrate the spirits of easy to control appliances by IOT technology, so the tag line describes as follow:

  • “Easy way easy control by thEating”

  • “Easy way easy cook by WDIRC/iCooger”

3. Aimed Market

  • Target market: Taiwan & Global

  • Target consumer: People with cooking demand

4. Fundraising & Stock share

  • Capital: $3,333,333 (NT 100,000,000, $1:NT30)

  • Planning Authorized Capital: $3,333,333 (NT 100,000,000, $1:NT30)

  • Planning Issued Shares: 10 M shares (Including 75% technology and 25% capital shares)

  • Planning Original Par Value: $0.3333333/share (~NT 10/share)

  • Planning Paid-up Capital: $861,189 (NT 25,835,670, $1:NT30)

  • Planning Paid-up Shares: 2.5 M Shares (25% in equity)

  • Planning Seeding Capital: $861,189 (NT 25,835,670, $1:NT30)

  • Planning Seeding Shares: 2.5 M Shares (25% in equity)

  • Planning Issued Par Value: $0.344756/share (~NT 10.334268/ share, $1:NT30 )

  • Minimum Investing unit: 0.1M shares ($34,447.6/unit or NT1,033,427/unit, 1% in equity)

  • Maximum Investing unit: 25 units ($861,189 or NT 25,835,670, 25% in total equity)

5. Patents

The advantage of this company is to own the patents which including Taiwan, China, Japan, South Korea, USA and Hong Kong, and there were pended patent in the countries of Canada, Australia, Malaysia, Thailand and India. All of patent granted list is shown in the page of "patent list of WDIRC", here we listed the granted countries as below.

6. Memorabilia

To the company of thEating Inc., a startup company, each step is important and significant. Since the initiated of idea of WDIRC, the founder kept his aim head to the opening of business, there were many critical events need to be recorded for being memorized, so the list of events is noted and described as below.

2008

Initiated of WDIRC idea, the idea of an automatic rice cooker with function of water dispenser was initiated in the lab of veterinary, NCHU, Taiwan. At that time, Ms. T. Y. Tseng give the funder a lot of suggestions and opinions for enriching the function of WDIRC.

2010

Applying three patents to TIPO, in that year, the funder applied three inventions to TIPO, that were AB towel (Utility, AppNum: 099214362), Plug cover with DC charger to cell phones (Utility, AppNum: 100202630) and Image acquisition algorithm to foods in a meal (Invention, AppNum: 099146965).

2011

  • Applying two patents to TIPO, the one was embedded universal pressure cover (Invention, AppNum: 100121856), and the other one was the device of water dispenser with intelligent rice cooker (WDIRC, Invention, AppNum: 100110329, 100128561) to TIPO.

  • Applying the patent of 2x1 WDIRC to JIPO(AppNum:2011-240136), KIPO (AppNum:1020110120672), SIPO (AppNum:2011102616033), USPTO(AppNum: 13/274,361) in the late of that year, the funder applied this invention to the mention above countries (Japan, South Korea, China and USA) and citied the priority to the TIPO’s application.

2012

To grant the first foreign patent of 2x1 WDIRC from JIPO (Issued: P2012-200594A)

2013

To grant the patent of 2x1 WDIRC from South Korea IP office (Issued: 10-1327978)

2014

  • To grant the patent of embedded universal pressure cover from TIPO (Issued:I441608)

  • To grant the patent of 2x1 WDIRC from TIPO (Issued: I437970 & I437971)

  • To grant the patent of 2x1 WDIRC from SIPO (Issued:ZL201110261603.3)

  • Applying the patent of 3x1 WDIRC+Grinder to TIPO (AppNum: 103209191, 103118249), SIPO (AppNum: 2014102607555) and USPTO (AppNum:14/677,871).

2015

  • Applying the patent of 3x1 WDIRC+Grinder to Hong kong IP office (AppNum: 16104876.3)

  • Applying the patent of 3x1 WDIRC+Grinder to MyIPO (AppNum: PI2015000835), AusPat (AppNum: 2015202129), India (AppNum: 2540/CHE/2015), Canada (AppNum: CA2891779) and Thailand (AppNum:1501002883).

2016

To grant the patent right of 3x1 WDIRC+Grinder from TIPO (Issued I526184)

2017

To grant the patent right of 3x1 WDIRC+Grinder from USPTO (Issued 10,076,207)

2018

  • To initiate thEating Inc., at DaLi district, Taichung city, Taiwan on “03/16/2018”, and this day to be defined as the company day for memorizing.

  • To grant the patent right of 2x1 WDIRC (Application Number: 14/677,871) from USPTO (Issued 10,258,188)

  • To initial propose the proposal (version A) of VC funding of thEating Inc., this proposal included the part of introduction, organization development, product, market survey and analysis, sale estimation, marketing strategy, finance estimation, fundraising and equity design and progress planning.

2019

  • To revise the proposal of VC fund of thEating Inc., by the C version, 2019/02/01

  • To build up the website of the company by google sites, 2019/03/01

  • The web service of the company launches by https://sites.google.com/view/theating, 2019/03/16

  • To grant the patent (Application Number: 13/274,361) from USPTO, 2019/05/01

  • The patent (Application Number: 2015202129) had been accepted by Australia IP office, 2019/09/15

2020

  • To grant the patent (Application Number: 2015202129) from Australia IP office, 2020/01/09

  • To grant the patent (Application Number: 1501002883) from Thailand IP office, 2020/12/24

2021

  • To grant the patent (Application Number: CA2891779) from Canada IP office, 2021/02/16

  • To grant the patent (Application Number: 16/102,974) from USPTO, 2021/04/27

  • To build up the real sample product of WDIRC, this work is starting at June of this year 2021, 2021/06/26

  • To build up the logos of the company thEating Inc., 2021/10/15

7. Key finance indexes of this company

  • Table 1 Key indexes by the company (unit: USD)

  • Table 2 Market estimation in different countries on first year (unit: USD)

  • Table 3 Sale volume and revenue estimation by the company (unit: USD)

  • Table 4 Revenue estimation of L-WDIRC on 1% market share (unit: USD)

  • Table 5 Revenue estimation of H-WDIRC on 1% market share (unit: USD)

  • Table 6 Finance general indexes (unit: USD)

  • Table 7 Finance advance indexes (unit: USD)

  • Table 8 Equity indexes (unit: USD)

Table 1 Key indexes by the company (unit: USD)

Table 2 Market estimation in different countries on first year (unit: USD)

Table 3 Sale volume and revenue estimation by the company (unit: USD)

Table 4 Revenue estimation of L-WDIRC on 1% market share (unit: USD)

Table 5 Revenue estimation of H-WDIRC on 1% market share (unit: USD)

Table 6 Finance general indexes (unit: USD)

Table 7 Finance advance indexes (unit: USD)

Table 8 Equity indexes (unit: USD)