Lagoon Launches First Production Solomon Electric Propulsion System

TARPON SPRINGS, Fla.--April 28, 2005--Solomon Technologies, Inc. (OTCBB:SOLM) announced today that Lagoon Catamarans has launched its first production Model L 440 incorporating Solomon's proprietary electric propulsion system. The new L 440's were first introduced in February 2004 at the Miami boat show. The next STI-powered L 440 will be performing sea trials in early May.

"This is an exciting new development for our company," said Solomon President Peter DeVecchis. "The new 440 is a major addition to the Lagoon product line. Our system provides both its propulsion power and the electricity needed for the many onboard appliances included on this luxury vessel."

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Solomon Technologies, Inc. has been successfully installing and supporting marine installations 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.