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.
Salton (NYSE:SFP)
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