Intelli-Stopper Shark Tank Update| Intelli-Stopper after Shark Tank

What is Intelli-Stopper?

The Intelli-Stopper is a wine bottle stopper that features a red visual indication that indicates whether or not there is air within the bottle.

Chase Hoyt, co-founder of Intelli-Stopper, and his father, Bob Hoyt, both of Tucson, Arizona. They like wine in their household.

His father owns a few hundred bottles of wine in his cellar and always has the perfect wine for family gatherings.

One or two times every week, they enjoy wine with supper. They won’t finish the bottle if it’s just him and his wife. They have beautiful stoppers, but nothing compares to the Wine Doctor’s cutting-edge cork solution.

It’s not too pricey at around thirty-three dollars. This device pays for itself if they “save” one or two nice bottles of wine with it.

He likes the indication that tells them whether any air is getting in; because air is invisible, visual aids are useful!

This is an excellent present for any wine enthusiasts on their list. This year, he witnessed his family buy two or three of these.

Who is the founder of Intelli-Stopper?

Chase Hoyt, co-founder of Intelli-Stopper, and his father, Bob Hoyt, both of Tucson, Arizona. They like wine in their household.

His father owns a few hundred bottles of wine in his cellar and always has the perfect wine for family gatherings.

The Wine Doctor is more than just a high-tech cork; it’s a vacuum pump system that extracts air from an open bottle of wine.

The “Intelli-stopper,” a patented silicon “cork” with a sequence of O-rings that ensures an airtight closure, is then used to seal it. If any air leak into the bottle, a red indication on the stopper indicates that it’s time to pump more air out.

Wine’s adversary is air. With too much air, that beautiful bottle of Cabernet becomes harsh vinegar.

When a bottle is opened, the wine begins to alter unless it is kept from being exposed to air. An open bottle is claimed by the Wine Doctor’s suction pump and high-tech cork mechanism.

What Happened to Intelli-Stopper at Shark Tank pitch?

Chase and Bob Hoyt, a father-and-son team from Tucson, Arizona, appear on Shark Tank in episode 25 of Season 5 of Intelli-Stopper.

Chase and Bab approach the presentation wanting $250,000 in return for 10% stake in their firm, which is valued at $2.5 million.

According to Chase, Intelli-Stopper technology will redefine and revolutionize food and beverage preservation.

Within minutes to hours of resealing, most wine preservers enable air to flow back into the bottle. They give the Sharks a glass of wine, and the Sharks comment on how good it tastes, which Chase claims was preserved with the Intelli-Stopper.

Chase claims that the wine was opened 5 days ago, and that all of the Sharks are impressed. Chase illustrates how the Intelli-Stopper works: simply insert the Intelli-Stopper into the wine bottle, and the red indicator indicates that there is still air in the wine bottle.

Robert inquires about sales, and Chase responds that they sold $150,000 in 2012, and that they are on schedule to sell around $350,000 in 2013.

Kevin O’Leary, Robert Herjavec, and Lori Greiner were the first Sharks to pull out of the purchase, citing the company’s exorbitant price.

Meanwhile, Barbara Corcoran and Mark Cuban eventually backed out of the deal due to excessive valuation. Chase and Bob walked away from the pitch without a deal.

What Happened to Intelli-Stopper after Shark Tank?

Despite Chase and Bob leave the pitch without a deal on the episode 25 seasons 5 of Intelli-Stopper on Shark Tank. The company strives to dominate the market but eventually the company ceases operating.

Net Worth of Intelli-Stopper

The company was valued at $2.5 million during the pitch; since the company is no longer operating hence the company net worth is unavailable.

Intelli-Stopper FAQs

What is Intelli-Stopper?

The Intelli-Stopper is a wine bottle stopper that features a red visual indication that indicates whether or not there is air within the bottle.

Who is the founder?

Chase Hoyt, and his father, Bob Hoyt, both of Tucson, Arizona. They like wine in their household. His father owns a few hundred bottles of wine in his cellar and always has the perfect wine for family gatherings.

How much were they asking on Shark Tank?

The company was asking $250,000 for 10% of the company, which would give them a valuation of $2.5 mil.

Did they have the deal?

No, the Sharks did not get the deal.

Is Intelli-Stopper still in business?

No, the company is no longer operating since the pitch on Shark Tank.

Did Intelli-Stopper scam people?

Intelli-Stopper is not a scam. The inventor Chase Hoyt and his father Bob Hoyt pitched their product to a number of investors at Shark Tank but eventually they backed out of the deal.

How much is the company worth?

It’s still unknown, even with the company cease operating.

What is Intelli-Stopper Shark Tank Episode?

The Shark Tank episode was episode number 25 of Season 5.

What is the purpose of Intelli-Stopper?

The Intelli-Stopper is a wine bottle stopper that features a red visual indication that indicates whether or not there is air within the bottle.

Was Intelli-Stopper works?

According to Chase, Intelli-Stopper technology will redefine and revolutionize food and beverage preservation.

Where is Intelli-Stopper made?

Intelli-Stopper is made in Tucson, Arizona.

What is the product life cycle of Intelli-Stopper?

The Intelli-Stopper is no longer in operation after the episode aired on Shark Tank.

How longer was wines takes after opened when using Intelli-Stopper?

Wines take longer to be opened when using Intelli-Stopper.

What is the annual revenue of Intelli-Stopper?

According to Chase, the company made in excess of $150,000 in 2012 and that they are on schedule to sell around $350,000 in 2013.

What were the estimated expenses and revenues of Intelli-Stopper?

It’s still unknown, even with the company cease operating.

Is Intelli-Stopper good for investment?

The Intelli-Stopper is no longer in operation after the episode aired on Shark Tank.

What are the benefits of Intelli-Stopper?

The Intelli-Stopper is a wine bottle stopper that features a red visual indication that indicates whether or not there is air within the bottle.

Where can I buy Intelli-Stopper?

Customers cannot buy Intelli- Stopper. It was an idea concocted by two curious Tucson, Arizona residents who were desperate for an easy way to prevent their wine from turning out too quickly and too old.

Who are the competitors for Intelli-Stopper?

Intelli-Stopper has no competitor as yet.

What is the annual revenue of Intelli-Stopper?

It’s still unknown, even with the company cease operating.

Is Intelli-Stopper patent pending?

No, it’s not.

How was the business model of Intelli-Stopper?

Intelli-Stopper is an interesting concept with a brilliant design, but the company name and its product are so generic that it’s unlikely that any buyer would find it attractive as a purchase.

Is Intelli-Stopper planning to resume?

Intelli-Stopper is no longer in operation after the episode aired on Shark Tank.

Is Intelli-Stopper available online?

No, it’s not.

What is the net worth of Chase Hoyt?

Chase Henry Hoyt net worth is $6 Million.