As per Ridgid customer service at 1866-539-1710.
The new warranty is now limited to 3 years. Apparently OWT is now responsible for the new line of Ridgid power tools and the new warranty. All new Ridgid power tools will have a 90 day satisfaction guarantee or return it to where you bought the tool.
The good news is, If you buy "ANY" of the new line of Ridgid power tools between September and December 2003, you will get as close to a true life time warranty that any one has to offer. This includes stationary, bench-top, corded, and cordless tools. To be specific, the limited time offer of the Lifetime warranty "includes" normal wear items. Batteries and battery chargers are included. So if you purchase a new line Ridgid cordless drill and the battery ever poops out it is covered for free replacement. You must return it to an authorized repair center, not HD, and keep proof of purchase with date of purchase to prove that it was purchased during the qualified time. The Ridgid rep strongly suggested making copies of the receipt as many receipt fade over the years.
The warranty does not include blades, sand paper, drill bits or consumable accessories. Batteries and chargers are considered to be a vital part of the tool and "will be" covered under the life time warranty providing there is no abuse and the tool is purchased between September and December of 2003.
Here is a paragraph taken from the limited time offer:
WHAT IS COVERED UNDER THE LIMITED LIFETIME SERVICE WARRANTY This warranty covers all defects in workmanship or materials and "normal wear items" in this RIDGID tool for the lifetime of the tool. This warranty is specific to this tool purchased between 9/1/03 and 12/31/03. Warranties for other RIDGID products may vary.
RIDGID? HAND HELD AND STATIONARY POWER TOOL LIMITED LIFETIME SERVICE WARRANTY
Proof of purchase must be presented when requesting warranty service. Limited to RIDGID handheld and stationary power tools purchased between 09/01/03 and 12/31/03.
This product is manufactured. by One World Technologies, Inc., under a trademark license from RIDGID, Inc. All warranty communications should be directed to One World Technologies, Inc., attn: RIDGID handheld and stationary power tool technical service at (toll free) 1-866-539-1710.