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Solomon Announces Patent Case Decision

DANBURY, Conn., May 12, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Solomon Technologies,
Inc. (OTC Bulletin Board: SOLM) today announced that the Court of Appeals for
the Federal Circuit in Washington, DC generally affirmed the previously
announced decision in the case of Solomon Technologies versus the Toyota Motor
Corporation, and certain of its affiliates. The decision was rendered by a
three judge panel of the full court.

Peter W. DeVecchis, President of Solomon commented, "Although we are
disappointed in the Court's conclusion we will review it in detail. We have
made no determination as to further steps we might take in this case. We
remain as determined as ever to defend our intellectual property fully and
completely."

Mr. DeVecchis continued, "While a favorable decision in this matter would
have certainly been welcome, our underlying business is solid, our acquisition
strategy is working and we expect to continue implementation of our plan
during 2008. Although there has been considerable interest in this case over
the last two years, it has never been, and is not now, an element of our
operating plans or growth strategy. We are continuing to look at new
opportunities for our intellectual property, are actively pursuing accretive
acquisition targets and generating positive and growing operating results in
our Power Electronics division. As we continue to execute on our operating
plan, we believe now, more than ever, that the alternative and renewable
energy segments offer substantial opportunities for our existing products and
new products that we have in the pipeline."

As previously announced, Solomon brought suit against Toyota Motor
Corporation, Toyota Motor Sales U.S.A. Inc. and Toyota Motor Manufacturing
North America in the United States District Court for the Middle District of
Florida, Tampa Division, on September 12, 2005, claiming infringement of
Solomon's U.S. Patent Number 5,067,932, primarily relating to Toyota's use of
the Hybrid Synergy Drive technology in its Prius and Highlander Hybrid
vehicles. On January 11, 2006, Solomon filed an additional complaint against
Toyota with the ITC seeking to exclude importation of the infringing
technology. The action against Toyota and its affiliates in the United States
District Court for the Middle District of Florida, Tampa Division, has been
stayed pending resolution of the ITC action.

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.
    Peter DeVecchis, 727-859-4447
    www.solomontechnologies.com
    or
    Crescent Communications
    David Long, 203-226-5527

SOURCE Solomon Technologies, Inc.


http://www.solomontechnologies.com

Copyright (C) 2008 PR Newswire. All rights reserved


 
 

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