Solomon Awarded $450K Aviation Contract
* Reuters is not responsible for the content in this press release.
DANBURY, Conn., Jan. 22 /PRNewswire-FirstCall/ -- Solomon Technologies,
Inc. (OTC Bulletin Board: SOLM) announced today that its Power Electronics
Division was awarded a $450,000 contract to provide sophisticated, low noise
power systems to a major commercial aviation supplier for use in in-flight
entertainment systems. Solomon's Technipower subsidiary has a long history of
supporting both commercial and military power applications consistent with the
aviation market's requirements for highly reliable, ruggedized systems.
Jack Worthen, President of the Power Electronics Division said
"Technipower has consistently created high performance power system solutions
for customers in the aerospace and military markets. The technology and
design capabilities inherent in our ongoing success in this market is a major
factor in our increasing presence in the medical, telecom and alternative
energy segments."
Mr. Worthen continued, "Our strategy in acquiring complimentary companies
such as Deltron, provides a much broader sales platform and increased organic
growth opportunities. Our planned acquisition of Unipower expands that
benefit substantially and is another step in our achieving a dominate place in
our target markets."
Information about Solomon Technologies, Inc.:
Solomon Technologies, Inc., through its Motive Power and Power Electronics
divisions, develops, licenses, manufactures and sells precision electric power
drive systems, including those utilizing its patented Electric Wheel(R),
Electric Transaxle(TM) and hybrid and regenerative technologies as well as
direct current power supplies and power supply systems requiring high levels
of reliability and ruggedness for defense, aerospace, marine, commercial,
automotive, hybrid electric and all electric vehicle applications.
FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. The statements regarding Solomon Technologies, Inc. in this release
that are not historical in nature, particularly those that utilize terminology
such as "may," "will," "should," "likely," "expects," "anticipates,"
"estimates," "believes," or "plans," or comparable terminology, are forward-
looking statements based on current expectations about future events, which
management has derived from the information currently available to it. It is
possible that the assumptions made by management for purposes of such
statements may not materialize. Actual results may differ materially from
those projected or implied in any forward-looking statements. Important
factors known to management that could cause forward-looking statements to
turn out to be incorrect are identified and discussed from time to time in the
Company's filings with the Securities and Exchange Commission. The forward-
looking statements contained in this release speak only as of the date hereof,
and the Company undertakes no obligation to correct or update any forward-
looking statements, whether as a result of new information, future events or
otherwise.
Contact:
Solomon Technologies, Inc.
Jack Worthen, 203-748-7001
www.solomontechnologies.com
or
Crescent Communications
David Long, 203-226-5527
SOURCE Solomon Technologies, Inc.
Jack Worthen of Solomon Technologies, Inc., +1-203-748-7001; or David Long of
Crescent Communications, +1-203-226-5527, for Solomon Technologies, Inc.
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