Salton(R) Signs Agreement with Omachron Science Inc. and Cropley Holdings Ltd. to License Revolutionary New Grilling Technology
07 April 2006 - 6:33AM
Business Wire
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.
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