Salton (NYSE:SFP)
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Salton, Inc. (NYSE:SFP) announced today that it has
entered into an agreement with Omachron Science Inc. and Cropley
Holdings Ltd. by which it has acquired exclusive rights to proprietary
technology enabling Salton to manufacture and market a line of indoor
and / or outdoor portable grills which utilize a hydrogen flame in
combination with electric heat to provide a new dimension to
barbequing. The grills plug into a regular household outlet and
utilize water and a novel electrolysis process to make a small but
intense clean-burning hydrogen flame inexpensively and safely. The
result is a great-tasting barbeque experience without the harmful
emissions associated with charcoal or propane, thus making it ideal
for use indoors, such as in apartments and condominiums, as well as
homes.
The product was demonstrated under non-disclosure agreements at
the recent International Housewares Show and received resounding
accolades from retailers. "Two Foreman grills using this revolutionary
technology are targeted to be released in early 2007," said Leon
Dreimann, CEO of Salton. "Satisfied owners of almost 80 million George
Foreman grills sold to date will be happy to upgrade to these
sensational grills that provide incredible results with all types of
food."
Wayne Conrad, inventor and Chief Scientist at Omachron Science
Inc., commented "Our new technology efficiently and reliably generates
hydrogen on demand. I am pleased that it allows Salton to introduce an
exciting line of hydrogen-flame grills which bring the flavor and
experience of outdoor barbequing indoors."
Salton, Inc. is a leading designer, marketer and distributor of
branded, high-quality small appliances, home decor and personal care
products. Our product mix includes a broad range of small kitchen and
home appliances, tabletop products, time products, lighting products,
picture frames and personal care and wellness products. We sell our
products under our portfolio of well recognized brand names such as
Salton(R), George Foreman(R), Westinghouse(TM), Toastmaster(R),
Melitta(R), Russell Hobbs(R), Farberware(R), Ingraham(R) and
Stiffel(R). The Company believes its strong market position results
from well-known brand names, high quality and innovative products,
strong relationships with its customer base and a focused outsourcing
strategy.