DANBURY, Conn., July 22 /EMWNews/ -- Solomon Technologies,

Inc. (OTC Bulletin Board: SOLM), announced today that its Power Electronics

division has been awarded a production contract to supply multiple high

voltage power drive systems for laser cutting applications. The contract,

valued in excess of $1.1 million, comprises fifty systems incorporating the

Cobalt 15 product technology.



    The Cobalt 15 product family brings together the rugged reliability of

military power electronics with the efficient designs used in industrial

applications and incorporates conformable platforms that are easily

tailored to specific customer needs.



    Peter W. DeVecchis, Jr., President of Solomon said, "This new contract

is another example of the success of our strategy in using proprietary

technology platforms to address various power conversion markets. Much of

our growth has been fueled by the ability to understand the nuances of the

different market requirements and then effectively apply these technology

platforms to produce industry leading results." He continued, "Our

customers understand their process requirements; our power electronics

group understands how to deliver power conversion solutions. Together,

through strong communication, we leverage our core competencies to create a

valuable partnership."



    Mr. DeVecchis added, "This contract is another step in our leveraging

of the broad power conversion capabilities in our Power Electronics

division toward our corporate focus in the renewable and alternative energy

markets where high power, rugged and highly reliable products are

mandatory."



    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

    http://www.solomontechnologies.com

    or

    Crescent Communications

    David Long, 203-226-5527