Delivery of Completion Notice for Creator42
capAI plc announced that R42 Group, LLC has delivered the Completion Notice under the Licence and Option Agreement (LOA) for Creator42. This confirms that Creator42 has reached minimum viable product readiness and is functionally complete, making the 12-month licence period effective from October 14, 2025. The LOA grants capAI associated rights for Creator42. This milestone signifies the platform's progression from active development to readiness for commercialization, marking the culmination of IP and technology development within the alliance between capAI and R42.
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capAI (LSE: CPAI) is pleased to confirm that, following the Company's announcement on 29 August 2025 regarding the execution of the Licence and Option Agreement ("LOA") for Creator42, R42 Group, LLC ("R42") has now formally delivered the completion notice to capAI under the LOA ("Completion Notice").
The Completion Notice confirms, in accordance with the terms of the LOA, that Creator42 has reached minimum viable product ("MVP") readiness and is functionally complete and ready for commercialisation, albeit not necessarily final or market-polished. As a result, the 12-month licence period and all associated rights granted to capAI under the LOA are now effective from 14 October 2025.
Management Commentary
Richard Edwards, Executive Chairman of capAI, commented:
"Formal delivery of the Completion Notice marks a major milestone in the evolution of Creator42, moving the platform from active development to functional completion and readiness for commercialisation, albeit not necessarily final or market-polished. This represents the culmination of significant IP and technology development within our alliance with R42."
Professor Ronjon Nag, Executive Director of capAI, added:
"This milestone demonstrates the strength of the R42 and capAI collaboration. With Creator42 now reaching MVP, we have established an operational bridge from text to video, powered by generative AI."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.