AIRPORT CITY, Israel, April 16, 2012 /PRNewswire/ -- SodaStream International, Ltd. (NASDAQ: SODA) today announced the introduction of SodaCaps and the Source at the annual Salone del Mobile in Milan, the largest design fair of its kind in the world. SodaCaps are single-serve, disposable capsules that add a pre-measured amount of flavor to SodaStream carbonating bottles, resulting in a consistently flavored beverage each time. SodaStream will begin selling the SodaCaps in the fourth quarter of this year.
To use SodaCaps, a consumer places the capsule onto a SodaStream bottle of carbonated water and presses down lightly to start the flow of flavor along the inside walls of the bottle. Natural air pressure from the bubbles enters the SodaCap from the bottom to further accelerate the process and helps to distribute the flavor quickly and evenly throughout the bottle. SodaCaps can be recycled, and the Company plans to make them 100% biodegradable.
The Company also announced it has partnered with Yves Behar to re-examine every element of the SodaStream soda maker, including the user interface, the design and material selection, the bottle, and the overall consumer experience. The result is the new "Source," an elegantly-designed soda maker that combines beauty, functionality and efficiency. The sleek carbonating bottle locks into place using the new, patent-pending "snap-n-lock" mechanism for easy bottle insertion and removal. The entire top surface of the soda maker is responsive to touch, and the strength of carbonation is visible through the LED display, providing instant visual feedback. The Source will be priced at $99.00 for the basic version, with higher-end premium options available in metal and wood plating. The Company plans to begin selling the Source during the fourth quarter of this year.
As Yves Behar explains, "Disposable water bottles are going away, and so they should, so now is the time to rethink our soda bottles as well. I'm a big fan of the spirit of SodaStream which places environmental responsibility alongside family and fun at the center of its purpose. SodaStream uses technology to reduce the complexity and waste of sparkling water and soda, and this is the quality I focused on."
"The SodaCaps and the Source are breakthrough milestones that combine new technology with beautiful, lifestyle design," stated Daniel Birnbaum, CEO of SodaStream. "These improvements elevate the SodaStream experience to a whole new level, and will help increase our household penetration and user loyalty. Innovations like these empower consumers to enjoy the many compelling benefits that continue to drive the SodaStream revolution."
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SodaStream manufactures 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 50,000 retail stores in 42 countries around the world. For more information on SodaStream, please visit the Company's website: www.sodastream.com.
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.
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