Media Contact: Mashal Thariani The Halo Group mthariani@thehalogroup.com 212-643-9700 2014 Product Trends & Industry Innovations with Josef Steigmiller, Vice President, Liebherr Refrigeration, The Americas Q. What are the major trends in appliances for 2014? Have trends changed significantly in the past year? We are observing that the current trend of fully customized kitchens that incorporate a mix of textures and finishes is becoming extremely popular in home renovations. As appliance manufactures, it is important to provide consumers with compact, yet efficient, appliances that will flawlessly fit within their kitchen's design. New technology and techniques make refrigerators virtually invisible -- a big leap forward in builtin refrigeration. Cabinetry panels discreetly hide these appliances, allowing the room's style to take center stage. That's why Liebherr’s fully integrated models are creating a buzz in the design community and on blogs and message boards across North America. Designers and consumers consistently inquire about Liebherr's fully integrated products because the models are a perfect fit for a custom kitchen, accommodating unique and creative approaches to design as well as the individual needs of the homeowner. In the past, home design was driven by practicality, but now homeowners want function and design to align – and it starts in the kitchen. Q. What kinds of features are most in demand in appliances? What unique options are consumers looking for? A greater focus on health and well-being is one lifestyle trend carrying over into home appliance selection. For example, consumers are looking for refrigerators that incorporate long-term food storage features. Consumers recognize that proper food storage can help preserve food quality, including nutrients, flavor and texture. Additionally, homeowners can make the most of their food dollar by preventing spoilage and save time spent at the grocery store. Liebherr acknowledges the importance of fresh food storage and therefore offers features designed for maximized food preservation. Liebherr's patented BioFresh drawers provide the ultimate technology for all health-conscious food lovers. Stored at the ideal temperature and humidity, food in the BioFresh compartments retain their healthy vitamins, aroma and fresh appearance up to three times longer than in traditional refrigerators. Q. How has current technology impacted appliance trends? Is there any new technology on the market that is having a significant impact on trends? There is tremendous pressure upon appliance manufacturers to be first-tomarket with better, faster, more cost-effective and energy efficient products. To remain competitive and to keep up with changing technologies, manufacturers must continually upgrade and reinvent their products. Many consumers are becoming more energy conscious, choosing to invest in ENERGY STAR® appliances and other energy-efficient devices to cut costs and help the environment. The refrigerator is the only appliance in the home that runs 24/7. For this reason, high efficiency is essential for energy savings and the environment. This is why Liebherr’s variable speed compressors always run at the perfect speed and utilize soft-start technology. Liebherr is the only manufacturer in North America to have 100% of its refrigeration ENERGY STAR rated*. Having one in your kitchen means you’ll reduce your monthly utility bills and protect the environment. *Beverage centers, wine appliances and humidors are not eligible for Energy Star qualification. Q. Do convenience and efficiency have an impact on appliance trends? If yes, how so? Consumers want convenience along with more cost-effective and energy efficient products. We are seeing that environmentally friendly, energy efficient products continue to be a top design trend. With the increase in social and environmental consciousness, many consumers are looking for ways to reduce their impact on the environment. The rapid growth and widespread support for this green movement will have a major impact on manufacturers, utility companies and the environment. A certification mark on your appliance ensures customers that they are getting a high level of performance, safety and efficiency. Certification and approval marks guarantee your product’s safety to your channel of distribution (retailers, wholesalers, etc.) and maximize your product’s potential and access to the global market. Q. Are there new appliances in the marketplace that are making an impact? There are several appliance features that are making an impact in the marketplace. For example, refrigerators that offer maximized food preservation are becoming increasingly in demand in the appliance market place. Liebherr refrigerators feature new technology and incorporate smart features such as: SuperFrost and SuperCool – automatic quick chill and freeze functions to seal in nutrients, flavors and textures Dual refrigeration system, with separate super-efficient variable speed compressors for the refrigerator and the freezer BioFresh – Long tem storage up to 3 x longer; helps you save money, shop less often and reduce waste Revolutionary new LED light columns and enhanced vegetable drawer and freezer drawer LED illumination Icemaker features the most technically advanced water filter for pure cubes available for household appliances A Power Cooling system for improved chilling performance; Elegant Glass Line 6 mm thick shelving that withstands up to 180 lbs Q. What colors/finishes are designers and clients asking for most? Are appliances that blend into the cabinetry still in demand? Are there specific size trends for appliances? White, off whites, grays and other neutrals continue to be what homeowners want in cabinetry. Neutral tones are always up to date and classy and well suited to many kitchens. Mixing elements together and adding touches of color through accessories end up giving your kitchen the timeless but still current look most of us probably want. Neutral tones are easy to update with your favorite colors, fabric patterns or trends so they make great choices for cabinets. Liebherr has a full line of premium refrigerators to fit any design vision you have for your kitchen. The freestanding stainless models are sleek centerpieces that make a definite statement. The built-in models are perfect for designs that call for units that slide into cabinet surrounds. And the fully-integrated models become one with your kitchen design, hidden seamlessly behind your custom cabinetry. Q. Do current economic conditions have an impact on appliance trends? In what way? We’ve seen an uptick in the home remodeling industry as consumers are starting to give in more to their desire to renovate their kitchens. As both the economy and the housing market have stabilized, in turn so has homeowner improvement spending. What we've found is that consumer appliance sales are directly related to consumer confidence numbers (which have seen a direct correlation to home remodeling). In fact, 2013 saw some of the highest consumer confidence levels since pre-2007 which in turn has shown an increase in home remodeling. About Liebherr Driven by innovation and characterized by sophisticated, elegant design, Germany-based Liebherr Corporation brings the best of Europe to the refrigeration category in North America. Consumers can find an authorized Liebherr retailer by visiting http://www.liebherr-appliances.com and clicking on the ‘Find A Dealer” tab. Members of the design trade can obtain specs and product information by clicking on the “Resources” tab. ###