Solomon Awarded New Patent for Electric Drive Technology
Inc. (OTC Bulletin Board: SOLM) announced today that the U.S. Patent and
Trademark Office has issued Patent No. 7,481,730, titled Multiple Input, Dual
Output Electric Differential Motor Transmission System, which is adjunct to
the Solomon’s existing Electric Transaxle(TM) patent.
encompassed in our patent is fully implemented, it will be possible for a
consumer to drive into an automotive service center with a gas-powered car,
have it converted and drive away with a PEV or HEV within hours. This concept
makes former Intel CEO
(Pickups, SUVs and Vans) by 2012 a real possibility with a tremendous,
positive environmental impact.”
This technology builds upon the company’s Electric Wheel(R) patent to
provide a complete power drive solution for hybrid, plug-in hybrid, and plug-
in electric vehicle architectures without the need to modify the existing
chassis. Solomon is working with and seeking additional industry partners to
develop universal, drop-in electric drives to address the growing conversion
market as well as for OEM deployment.
The technology has application in a number of the Company’s energy
conversion initiatives including advanced terrestrial applications.
“At Solomon, we are committed to developing and commercializing technology
to create smart, environmentally-friendly solutions for manufacturers and
consumers,” DeVecchis said.
Information about Solomon Technologies, Inc.:
Solomon Technologies, Inc., through its Power Electronics and Motive Power
Divisions, develops, licenses, manufactures and sells direct current power
supplies and power supply systems requiring high levels of reliability and
ruggedness for defense, aerospace, marine, commercial and industrial
applications as well as precision hybrid and regenerative electric power drive
systems, including those utilizing its patented Electric Wheel(R) Electric
Transaxle(TM) for 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.
Peter DeVecchis, 727-859-4447
www.solomontechnologies.com
or
Crescent Communications
David Long, 203-226-5527
SOURCE Solomon Technologies, Inc.