Electric Transaxle(TM) required high levels of reliability

Tag : power Supplies
Peter DeVecchis, President of Solomon Technologies said, "Havinginitially proven our ability to understand, design and produceadvanced high energy charging power supplies for militaryapplications, our customer has expanded the breadth of itsapplications with a new variation of the technology. The primarychallenges for our customer were weight and cost reduction as theproject moves to volume production."

Mr. DeVecchis continued, "Our reputation of serving both themilitary and industrial markets as a supplier that meets demandingspecifications and provides solutions, within budget and on time,is a major asset in all our markets. The technology underlying ourhigh power systems, hot swappable power supplies, and motive powerproducts is being continually adapted to address the changing needsof our customers in a broad range of markets. We believe that theseinitiatives are critical to our growing emphasis in all aspects ofpower conversion related to the renewable and alternative energysegments."

The new initiative will increase launch trajectory accuracy,replacing a decades old system on one of the military's primarylight mobile bombardment platforms. Technipower's proposal not onlyprovided a robust, innovative power system, but also was responsiveto the contractor's need for a highly manufacturable, costeffective solution. If the military selects the new system forfuture field deployment, the production contract could besubstantial over a number of years.

Information about Solomon Technologies, Inc.: Solomon Technologies,Inc., through its Motive Power and Power Electronics divisions,develops, licenses, manufactures and sells precision electric powerdrive systems, including those utilizing its patented ElectricWheel(R), Electric Transaxle(TM) and hybrid and regenerativetechnologies as well as direct current power supplies and powersupply systems requiring high levels of reliability and ruggednessfor defense, aerospace, marine, commercial, automotive, hybridelectric and all electric vehicle applications.

FORWARD LOOKING STATEMENTS: This press release containsforward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. The statements regardingSolomon Technologies, Inc. in this release that are not historicalin nature, particularly those that utilize terminology such as"may," "will," "should," "likely," "expects," "anticipates,""estimates," "believes," or "plans," or comparable terminology, areforward- looking statements based on current expectations aboutfuture events, which management has derived from the informationcurrently available to it. It is possible that the assumptions madeby management for purposes of such statements may not materialize.Actual results may differ materially from those projected orimplied in any forward-looking statements. Important factors knownto management that could cause forward-looking statements to turnout to be incorrect are identified and discussed from time to timein the Company's filings with the Securities and ExchangeCommission. The forward- looking statements contained in thisrelease speak only as of the date hereof, and the Companyundertakes no obligation to correct or update any forward- lookingstatements, whether as a result of new information, future eventsor otherwise.

Contact: Solomon Technologies, Inc. Peter DeVecchis, 727-859-4447www.solomontechnologies.com or Crescent Communications David Long,203-226-5527 SOURCE Solomon Technologies, Inc.




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