Solomon Technologies Receives Siemens Medical Solutions Contract
Published: Jan 15, 2008
DANBURY, Conn., Jan, 15 /PRNewswire-FirstCall/ -- Solomon Technologies, Inc. announced today that Siemens Medical has awarded its new Deltron subsidiary a contract to provide power supplies for critical x-ray diagnostic systems.
Power Electronics Division President Jack Worthen said, "Deltron's deep product and technical portfolio has added many market expansion opportunities for Solomon which has translated into substantial core growth for the overall enterprise. With quality and reliability demands in the medical market among the most stringent in the industry, Deltron continues to capitalize on new applications while maintaining and building stronger relationships with existing customers."
Worthen added, "High reliability power conversion and power management systems are critical in today's industrial, military, and alternative energy applications. Having Siemens and other Fortune 500 companies as customers is a testament to our ability to serve the largest and most demanding organizations in the world."
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: Jack Worthen of Solomon Technologies, Inc., +1-203-748-7001, ext.
207, www.solomontechnologies.com; or David Long of Crescent Communications,
Web site: http://www.solomontechnologies.com/