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Solomon Awarded New Patent for Electric Drive Technology

Posted on: Wednesday, 28 January 2009, 12:32 CST

DANBURY, Conn., Jan. 28 /PRNewswire-FirstCall/ -- Solomon Technologies, 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.

Peter W. DeVecchis, Jr., President of Solomon said: "Once the technology 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 Andrew Grove's challenge to convert 10 million PSVs (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.

SOURCE Solomon Technologies, Inc.

Source: PR Newswire

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