Solomon Engages Patent Litigation Counsel
TARPON SPRINGS, Fla.--Nov. 2, 20058, 2005--Solomon Technologies, Inc. (OTCBB:SOLM) announced today that is has formally engaged Mintz Levin, Cohen, Ferris, Glovsky and Popeo, P.C. (www.mintz.com) to prosecute its patent infringement action against Toyota Motor Corporation. Mintz, a Boston based firm with offices in the United States and London, has agreed to represent Solomon on its customary rates and terms.Solomon President Peter W. DeVecchis, Jr., said, "We are extremely pleased to have engaged Mintz to represent us in this important matter. Mintz's reputation in helping small companies protect their intellectual property rights is well known. Their agreement to take on this case, after a thorough analysis of Solomon's underlying technology, is a major endorsement of our claims in this action."
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 a number of claims in Solomon's patent number 5,067,932, primarily relating to Toyota's use of the technology in its Prius and Highlander Hybrid vehicles.
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Solomon Technologies, Inc. currently provides propulsion systems for new and retrofit marine applications and offers 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.