USA: GE Appliances to evaluate Hydromaid water-powered food disposal technology
HydroMaid International Inc. and GE Appliances announced the signing of an agreement to evaluate the HydroMaid water-powered food disposal technology for a period of six months. Terms of the agreement were not disclosed. HydroMaid International Inc. manufactures, markets, and distributes the HydroMaid(TM) disposal -- the only garbage disposal system powered exclusively by water pressure. HydroMaid's patented servomechanism conserves energy while eliminating damage caused to silverware accidentally dropped into the disposal, and its patented blades and blade system cut waste into smaller particles than other disposals available on the market, reducing drain clogging problems and aiding the environment by promoting faster decomposition of food waste. The HydroMaid carries an unprecedented lifetime warranty on the housing and the stainless steel blades, and a 10-year parts and labor warranty on all remaining components, reflecting HydroMaid's confidence in its product's simple design and sturdy construction. Certain of the statements herein may be forward-looking that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including the risks associated with the effect of changing economic conditions at home and abroad, local and regional policies and regulations in the planned target areas, trends in the market for the company's products, variations in the company's cash flow and/or ability to effectively distribute its product, availability of sufficient working capital to manufacture and market HydroMaid units, technical development risks, seasonality and other risk factors detailed in the company's Securities and Exchange Commission filings.
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