Solomon Technologies adds Leading Catamaran OEM

TARPON SPRINGS, Fla.--Nov. 3, 2004--Solomon Technologies, Inc. (OTCBB:SOLM) announced today that another major French catamaran manufacturer has joined its growing list of OEM builders now offering Solomon Technologies, Inc.'s electric propulsion system. Alliaura Marine, builder of prestigious Privilege Luxury cats, indicated it expects to begin production later this month of its first Solomon Technologies powered electric vessel, a Privilege 395.

In addition to Alliaura, the Company is already working with two other French boat builders, Lagoon, built by Groupe Beneteau of Bordeaux, France, the world's largest builder of recreational boats and Edel of Honfleur, France. These three French boat builders are the world leaders in catamaran sailboat production and in conjunction with their American dealers have taken the lead in recognizing the market potential of environmentally friendly electric propulsion technology.

Company founder David Tether noted that the new electric cat is a joint venture with a U.S. Privilege dealer, The Catamaran Company of Ft. Lauderdale, Florida which also was part of the Company's first Franco-American partnership with Lagoon The Company also contracted with Long Island, New York dealer Aeroyacht in partnership with catamaran builder Edel.

Solomon President Peter DeVecchis added, "Our success with the leading catamaran companies in the world, has proven our capability and technology. We look forward to delivering our world class systems to Alliaura."

Alliaura and the Catamaran Company plan to introduce the electric Privilege 395 at the Miami Strictly Sail Boat Show in February.

Information about Solomon Technologies, Inc.:

Solomon Technologies, Inc. has been successfully installing and supporting marine installation of its patented and proprietary electric motor drive systems around the world. Solomon currently provides propulsion systems for new and retrofit marine applications as well as motors for high growth, high volume land based vehicle and machinery applications. Solomon, through its proprietary propulsion systems and patented Electric Wheel(R) technology, offers a unique electric motor design with an ability to efficiently regenerate electricity and leads the way in the recreational boating industry's adoption of the fundamental new technology.

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.