I'm sure there are folks there in Hawaii that do water transfer printing. It's been around for a while.
But IMO, every piece I've seen it looks like schnit. Pause the video at 1:14, you can clearly see how uneven the patter spreads across the surface. So if you're ok with a random pattern, it's fine, but be prepared for lumps, creases, etc. if you get a crappy dipper.
Find a guy and inspect his work first and you should be fine.