Samsung, America's fastest growing home appliance brand , teams up with SodaStream to deliver sparkling water right from the refrigerator
Feb 14, 2013
RIDGEFIELD PARK, N.J. and AIRPORT CITY, Israel - February 14, 2013 -- Samsung Electronics Co., Ltd. today announced that it is bringing the premium taste of fresh, crisp sparkling water right to the kitchen with the Samsung RF31FMESBSR 36" Four-Door Refrigerator featuring the industry's first-ever automatic sparkling water dispenser. Powered by SodaStream (NASDAQ: SODA), the recognized leader in personalized carbonation technology, the integrated system delivers cold, filtered sparkling water from the same mechanism on the refrigerator door that produces still water and ice.
With the new Samsung Four-Door Refrigerator with sparkling water dispenser, getting the crisp delicious taste of sparkling water is as easy as pushing a button. Using the same control panel they would use to select between water or ice, consumers can select up to three levels of carbonation for their sparkling water, giving them just what they are looking for to quench their thirst. The sparkling water dispenser uses a standard SodaStream 60L CO2 cylinder that rests in a small, concealed area inside the left refrigerator door, which is easily accessible to change when empty.
With the addition of the sparkling water dispenser, consumers can save space in the refrigerator that was previously allocated toward bottled carbonated beverages and reduce bottle waste in the home overall. In addition, consumers will ultimately save money that was used to purchase carbonated beverages, all while enjoying the convenience of getting sparkling water at the touch of a button.
"The new Samsung Four Door Refrigerator with a sparkling water dispenser reflects Samsung's strong commitment to offering home appliances that not only meet consumers' needs, but anticipate them in ways they never thought possible," said Kevin Dexter, senior vice president of home appliances sales and marketing, Samsung Electronics America. "By joining forces with SodaStream, we are able to offer our consumers something never before seen on a refrigerator and bring a new experience to the kitchen."
"This collaboration brings home carbonation to the next level, and we are excited to partner with Samsung to help bring our revolutionary technology to consumers," said Daniel Birnbaum, CEO of SodaStream. "This product is a key milestone in a vision that represents the future for enjoying fresh carbonated beverages at home, easily made at the touch of a button, and without the clutter and waste that is produced by the old pre-packaged beverage industry."
The 30.5 cu. ft. Samsung Four-Door Refrigerator with the sparkling water dispenser joins a long list of product innovations from Samsung that are revolutionizing the refrigeration category and offering best-in-class features for today's dynamic homes. These include convenient storage features like the kid-friendly counter-height FlexZone drawer with four temperature settings, and the proprietary Twin Cooling Plus® technology that keeps food fresher longer. This model also includes high efficiency LED lighting to illuminate virtually every corner and the Ice Master ice maker which produces up to 10 lbs. of ice per day. These features are complemented by Samsung's premium design and elegant finish, making it not only functional but beautiful as well.
The Samsung RF31FMESBSR Four-Door Refrigerator with a sparkling water dispenser will be available in the U.S. in April 2013 for an MSRP of $3899.
For more information, please visit www.samsung.com
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers, printers, cameras, home appliances, LTE systems, medical devices, semiconductors and LED solutions. We employ 236,000 people across 79 countries with annual sales exceeding KRW 201 trillion. To discover more, please visit www.samsung.com.
SodaStream is the world's leading manufacturer and distributor of home beverage carbonation systems which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. Soda makers offer a highly differentiated and innovative solution to consumers of bottled and canned carbonated soft drinks and sparkling water. Our products are environmentally friendly, cost effective, promote health and wellness, and are customizable and fun to use. In addition, our products offer convenience by eliminating the need to carry bottles home from the supermarket, to store bottles at home or to regularly dispose of empty bottles. Our products are available at more than 60,000 retail stores in 45 countries around the world, including 15,000 retail stores in the United States. For more information, visit http://www.sodastream.com
To download SodaStream's IR app, with access to SEC documents, press releases, videos, audiocasts and more, please visit http://itunes.apple.com/us/app/soda-ir/id524423001?mt=8 for your iPhone/iPad, or https://play.google.com/store/apps/details?id=com.theirapp.soda for your Android mobile device.
Forward Looking Statement
This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements are based on management's current beliefs and expectations and involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our ability to expand into our target markets, including the United States; our ability to continue to develop or maintain our presence in retail networks; our ability to develop and implement production and operating infrastructure to effectively support our growth; the success of our marketing campaigns and media spending in terms of increased sales or increased product and brand name awareness; our ability to maintain our customer base in markets where we have an established presence; the risks associated with our reliance on exclusive arrangements for the distribution of our home beverage carbonation systems and consumables in each of the markets in which we use third-party distributors; our ability to compete effectively with other companies which currently offer, or may offer in the future, competing products; potential product liability claims if any component of our home beverage carbonation systems is misused; our ability to protect our intellectual property rights; our being found to have a dominant position in certain markets which may place limits on our ability operate; risks associated with our being subject to fluctuations in currency exchange rates; our potential exposure to greater than anticipated tax liabilities; our products being subject to extensive governmental regulation in the markets in which we operate; adverse conditions in the global economy which could negatively impact our customers' demand for our products; and other factors detailed in documents we file from time to time with the United States Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
* All functionality, features, specifications and other product information provided in this document including, but not limited to, the benefits, design, pricing, components, performance, availability, and capabilities of the product are subject to change without notice or obligation.