United Tech’s Kidde recalls 425,000 sensor smoke alarms due to risk of failure

United Technologies Corp.’s Kidde unit said Wednesday it is recalling 425,000 sensor smoke alarms, because of the risk that they will fail to alert their owners to a fire. “A yellow cap left on during the manufacturing process can cover one of the two smoke sensors and compromise the smoke alarm’s ability to detect smoke, posing a risk of consumers not being alerted to a fire in their home,” the company warned in a statement. Customers are advised to remove the alarm and check whether a yellow cap is visible through the opening on the side. They are advised not to take the alarm apart or attempt to remove the yellow cap themselves, but rather to immediately contact the company and request a replacement. Kidde has set up a toll-free number at 833-551-7739 that will be available from 8.30 a.m. to 5 p.m. ET Monday to Friday, and from 9 a.m. to 3 p.m. at the weekend. An additional 40,000 units were sold in Canada, the company said. The units in question were sold at stores from Sep. 10, 2016 through Oct. 13, 2017, including Menards, The Home Depot Walmart . They were sold on ShopKidde.com and other websites through Jan. 2018 for $20 to $40 a piece. United Tech shares were slightly lower Wednesday, but have gained 13% in the last 12 months, while the S&P 500 has gained 16% and the Dow Jones Industrial Average has gained 19%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply