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Press Release Archive
October 23, 2007. Solomon Technologies, Inc. (OTCBB:SOLM), announced today that it has delivered the first shipment of a $500,000 order to a major manufacturer of capital equipment targeting the rapidly growing solar industry. This high voltage, 100 kilowatt power conversion system is an adjunct to Solomon's Cobalt 15 product line, designed for the harsh working conditions endemic to industrial manufacturing and other OEM environments.
"Since acquiring Technipower last year, Solomon has continued to invest in new product development targeted at high growth market opportunities," said Jack Worthen, President of the Power Electronics Division. "Our initial market success with the Cobalt product line is particularly encouraging as we expand our marketing efforts in the alternative energy sector. The inherent configurability of the Cobalt 15 in both power range and voltage level allows us to play a crucial role in markets where efficient energy conversion is critical to our customer's success."
Mr. Worthen continued, "As our Power Electronics Division has continued to expand with the recent acquisition of Deltron, the opportunities to serve broader and larger markets has increased substantially. In addition, our new offshore manufacturing capabilities provide us with the ability to provide enhanced product capability with high energy density and a correspondingly low cost per watt."
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(tm), 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 the 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.
Crescent Communications
David Long, 203-226-5527
www.crescentir.com
Contact us for more info
July 19, 2007. Solomon Technologies, Inc. (OTCBB:SOLM), announced today that its Power Electronics Division (PED) was awarded a contract valued at approximately $1.3 million from Thales Raytheon Systems as part of the Firefinder program. The Firefinder is a mobile radar system that detects the source of incoming projectiles and directs return fire. Solomon's Power Electronic Division has been providing highly reliable power supplies to this program that has protected ours and foreign troops from enemy fire.
"We are proud to be part of Thales Raytheon's defensive system and the opportunity to play an integral role in the protection of our troops" said Jack Worthen, President, Power Electronics Division. "Delivering highly reliable designs and building power electronics that survive decades of military use without failure -- is key to our success."
"This contract underscores the value we saw in the Technipower brand and its track record of providing rugged military power supplies" commented Gary G. Brandt, CEO, Solomon Technologies. "For fifty years Technipower has remained on the forefront of power technology, and we are confident that we can parlay this experience into significant value for our shareholders as we integrate the pending Deltron and Unipower acquisitions."
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(tm), 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 the 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.
Solomon Technologies, Inc.
Peter DeVecchis, 727-934-8778
or
Crescent Communications
David Long, 203-226-5527
www.crescentir.com
Contact us for more info
July 10, 2007. Solomon Technologies, Inc. (OTCBB:SOLM), announced today that its Power Electronics Division (PED) was awarded a contract valued at approximately $185,000 from Honeywell International to provide power supplies for ground support of Air Force F-15 aircraft. The project requires both technology upgrades and reconstruction of existing topologies. The multiple configurations require high power density and a rugged mechanical design. This is the third round of product design & builds that Solomon's Power Electronic Division will provide to Honeywell for this long term upgrade project.
"We are very pleased with Technipower's continued success in supporting strategic accounts like Honeywell with our high reliability power supply technology," said Jack Worthen, President, Power Electronics Division. "We see continued steady growth in the high reliability power electronics sector, with accelerating growth expected from our commercial Cobalt 15 product line."
"We have experienced significant sales order growth in 2007, in both our high-reliability and industrial product lines," commented Gary G. Brandt, CEO, Solomon Technologies. "Bookings for the first 6 months of 2007 are up 38% over the same time period in 2006, while shipments are up 21% over the same time period in 2006. Not only are we growing through acquisitions, but our record backlog and revenue growth, is indicative of our ability to drive organic growth as well."
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(tm), 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 the 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.
Solomon Technologies, Inc.
Peter DeVecchis, 727-934-8778
or
Crescent Communications
David Long, 203-226-5527
www.crescentir.com
Contact us for more info
July 6, 2007. Solomon Technologies, Inc. (OTCBB:SOLM), announced today that its Power Electronics Division (PED) was awarded a contract valued at approximately $500,000 to provide multiple high voltage, high power AC-DC and DC-DC converters for advanced coatings applications. The contract, awarded to Solomon's Technipower subsidiary, provides for deliveries beginning in mid 2007 through year end and incorporates technology developed as part of the PED's new Cobalt 15 product line. The Cobalt 15 product family, introduced in 2006, is a high voltage precision power supply that brings together the rugged reliability of military power electronics with the efficient designs used in industrial applications.
"We are very pleased that another major customer has chosen the Cobalt 15 product platform to support its critical high power system requirements," said Jack Worthen, President, Power Electronics Division. "This commercial success underscores the flexibility of the Cobalt 15 product technology as we target new applications in markets seeking high reliability, ruggedized power solutions. Our Power Electronics Division now has a record order backlog and a substantial pipeline of new opportunities. The Cobalt 15 platform has broad market applications and we will continue to expand these channels to market."
"Our recent focus on high power applications is a key component of our organic growth plan and the expansion of our PED product lines," commented Gary G. Brandt, CEO - Solomon Technologies, Inc. "In addition to growing through acquisition, we have been making focused investments in new product technologies. We have combined unique power design architectures with advanced packaging and cooling technology to offer some of the best power density ratios in the industry. We believe that the combination of Technipower, in conjunction with our imminent acquisitions of Deltron and Unipower, will create significant value for our shareholders."
Solomon acquired Technipower in August of 2006 as part of its Power Electronics Division.
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(tm), 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 the 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.
Solomon Technologies, Inc.
Peter DeVecchis, 727-934-8778
or
Crescent Communications
David Long, 203-226-5527
www.crescentir.com
Contact us for more info
October 2, 2006. Technipower LLC is pleased to announce it has entered into a long term supplier agreement with a major manufacturer of thin film deposition equipment for the semiconductor industry. Technipower will be providing an air-cooled, 12kW version of the Cobalt15 to the exact requirements of this system. Reliability, Functionality and Performance at a competitive cost were paramount requirements of this next generation deposition system. This was accomplished by incorporating the latest technology into an extremely rugged architecture. Low junction temperatures within the power section ensure the product’s long-term success.
The Cobalt15 platform provides OEM’s with kilowatts of straightforward, cost effective, adjustable power conversion in a compact, rugged package. The product allows application-specific tailoring of a proven conformable platform. Decades of engineering experience coupled with the utilization of the latest technologies has finally allowed this next generation of simplicity and high reliability to be possible. AC/DC, DC/DC, 40kHz Output, Low Voltage and High Voltage versions are available. Multiple units may be paralleled for higher power requirements with the ability of controlling each module’s output independently via a communication bus.
For fifty years Technipower LLC has been a manufacturer of application specific, rugged power supplies and systems, spanning a wide range of specifications and form factors to meet various standards, environmental conditions and physical configurations. Power systems range from hundreds to thousands of watts, low to high voltage. Technipower also designs and manufactures custom ATR chassis offering conduction, convection and hybrid cooling, configurable backplanes, integral power supplies and VME and compact PCI formats for airborne and ground applications. Technipower's designs are engineered efficiently and effectively due to our conformable common platform design methodology.
CONTACT: John Corsi, Technipower LLC 203.748.7001 ext 221, or sales@technipowerllc.com
August 18, 2006. Technipower LLC is pleased to announce it has entered into a long term supplier agreement with an international manufacturer of industrial CO2 and Nd:YAG lasers used in automotive, aerospace and other demanding applications. Technipower will be providing a very flexible multi-channel system utilized by multiple laser systems with a wide range of power requirements. The automotive industry's growing demands require the key benefits of the Cobalt15: Quality, Ruggedness, Technology and Competitive Pricing. After extensive testing in parallel with other power supplies, the Cobalt15 was determined to clearly be the solution of choice. "The unique signature of the laser's operating system provided challenges, but the final solution was attainable through developing a true partnership with the customer," states Mariano Moran, VP of Engineering.
For fifty years Technipower LLC has been a manufacturer of application specific, rugged power supplies and systems, spanning a wide range of specifications and form factors to meet various standards, environmental conditions and physical configurations. Power systems range from hundreds to thousands of watts, low to high voltage. Technipower also designs and manufactures custom ATR chassis offering conduction, convection and hybrid cooling, configurable backplanes, integral power supplies and VME and compact PCI formats for airborne and ground applications. Technipower's designs are engineered efficiently and effectively due to our conformable common platform design methodology.
CONTACT: John Corsi, Technipower LLC 203.748.7001 ext 221, or sales@technipowerllc.com
May 1, 2006. Technipower LLC is pleased to announce the enhancement of its military product offering with the addition of the Cobalt15 line of industrial power conversion products. The Cobalt15 family of products has successfully brought together the rugged reliability of military power electronics with the low cost design techniques of the industrial world. This approach to the market is solidified in a rugged, cost-effective, variable DC power module offering excellent cost and size advantages especially above 5kW. The product’s switchmode topology provides unprecedented stability and reliability. Designs start with one of our many conformable platforms that are then tailored to specific application requirements. This approach not only maximizes reliability and cost effectiveness, but also ensures our customer’s critical timeline integrity. Responses to the product have fueled a company wide ramp-up of manufacturing and engineering resources to accommodate initial customer demand.
For fifty years, Technipower LLC has been a manufacturer of application specific, rugged power supplies and systems, spanning a wide range of specifications and form factors to meet various standards, environmental conditions and physical configurations. Power systems range from hundreds to thousands of watts, low to high voltage. Technipower also designs and manufactures custom ATR chassis offering conduction, convection and hybrid cooling, configurable backplanes, integral power supplies and VME and compact PCI formats for airborne and ground applications. Technipower’s designs are engineered efficiently and effectively due to our conformable common platform design methodology.
CONTACT: John Corsi, Technipower LLC 203.748.7001 ext 221, or sales@technipowerllc.com
February 4, 2005. Technipower LLC announced that it has received a contract to provide power supplies to upgrade 150 Shipboard Radar systems using the latest in low ripple regulated power supplies. Technipower LLC undertook an extensive development program beginning in 2002 to design a highly regulated power supply to replace a large number of systems currently fielded with non-regulated power supplies. "Following extensive testing and field trials Technipower LLC was chosen to be the primary vendor for these very specialized power supplies," stated Mariano Moran V.P. Engineering. These units will be used to replace all of the existing unregulated power supplies currently fielded, and will lead to improved system reliability.
Anthony Intino, President of Technipower LLC commented "despite this very challenging development program Technipower LLC remained confident that when the Navy saw the significant performance increases it would be a win for Technipower LLC."
Technipower LLC is a leading producer and supplier of advanced power supplies and ATR chassis, serving the defense, aeronautic, and aerospace industries. In July 2002, Technipower LLC celebrated its 50th anniversary of providing power supplies and related power conversion equipment to the defense industry. Technipower LLC also supplies variable transformers with its Variac product line to the defense and high reliability commercial markets.
Technipower LLC will continue to supply advanced technology products and services in key markets including: Radar, Gun Fire Control Systems, Missile Fire Control Systems, Advanced Communication, Flight Support, Contract Assembly of Defense Related Products, and other specialty products and services.
November 15, 2004. Technipower LLC, is pleased to announce that Mr. Mariano Moran has joined Technipower as V.P. Engineering to propel Technipower in a new direction both technologically and with new and divergent product offerings. Mr. Moran has over 20 years experience heading R&D and development efforts for a wide range of power supplies used in both military and medical/industrial applications.
“Mariano’s distinguished reputation within many communities and his notable work advancing many aspects of technology, make this an exceptional addition to our organization. Commitment to further advance our existing platforms as well as to explore other applications is a pivotal role in our dynamic organization, operating in an even more dynamic marketplace, said Anthony Intino II, President, Technipower LLC.
September 10, 2004. Technipower LLC, is pleased to announce that following recent negotiations it has been able to make a long term commitment to support the Avenger Air Defense System. Technipower has been pleased to provide support for this program since the program’s inception in the late 1970’s. Avenger fulfils a critical role in the low-level air defense system of many platforms including HMMWV.
"Technipower continues to take a unique position to long-term product support and availability. Throughout the design and manufacturing of products, we feel it is our organization's responsibility to continue to offer long-term support for aging platforms, despite the costly efforts required to maintain product integrity and performance for many platforms approaching the 30 year mark", said Anthony Intino II, President, Technipower LLC.
July 25, 2004. Technipower LLC, announced it has received a substantial order in support of the AN/TPQ37 “Firefinder” radar platform. This land based platform offers a great deal of flexibility and is actively deployed providing critical technology and information to meet the ongoing requirements of the land based “warfighter”.
Critical to receiving this award is our organization’s ability to provide products within, what is to say the least, an aggressive timeline, stated V.P. Business Development, Sean Murphy. Technipower LLC. When questioned about the specific quantity or dollar value of the award, Mr. Murphy declined to answer specific questions regarding the contract due to PIA agreements in place with their customer, but stated the order was significant to both Technipower and their customer.
"Our entire organization will have to pull together to meet this aggressive requirement and maintain the quality commitment demanded by our organization and to meet our customers expectations. Realizing world events drive our business, our entire organization takes great pride in knowing that all of the products we manufacture help support our troops in many divergent ways”, said Anthony Intino II, President, Technipower LLC.
Technipower LLC is a leading producer and supplier of advanced power supplies and ATR chassis, serving the defense, aeronautic, and aerospace industries. In July 2002, Technipower LLC celebrated its 50th anniversary of providing power supplies and related power conversion equipment to the defense industry. Technipower LLC also supplies variable transformers with its Variac product line to the defense and high reliability commercial markets.
Technipower LLC will continue to supply advanced technology products and services in key markets including: Radar, Gun Fire Control Systems, Missile Fire Control Systems, Advanced Communication, Flight Support, Contract Assembly of Defense Related Products, and other specialty products and services.
July 25, 2004. Technipower LLC announced that CBL Systems LLC (subsidiary of Technipower LLC), has sold its Intellectual Property (IP), other certain assets, and rights to the aviation markets to Parker Aerospace Electronics Systems Division. As part of the agreement CBL Systems LLC has unrestricted and unlimited license to use and improve the IP for all markets other than aviation. This agreement will allow Parker to exploit this innovative technology in its core aviation business while allowing CBL to do the same in the broad non-aviation business.
Technipower LLC is a leading producer and supplier of advanced power supplies and ATR chassis, serving the defense, aeronautic, and aerospace industries. In July 2002, Technipower LLC celebrated its 50th anniversary of providing power supplies and related power conversion equipment to the defense industry. Technipower LLC also supplies variable transformers with its Variac product line to the defense and high reliability commercial markets.
Technipower LLC will continue to supply advanced technology products and services in key markets including: Radar, Gun Fire Control Systems, Missile Fire Control Systems, Advanced Communication, Flight Support, Contract Assembly of Defense Related Products, and other specialty products and services.
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