Solomon Completes Toyota Patent Appeal Arguments
DANBURY, Conn., April 14 -- Solomon Technologies, Inc. today announced the completion of arguments in its appeal of the decision by the International Trade Commission (ITC) alleging patent infringement by Toyota Motor Corporation and certain of its affiliates. Solomon's arguments were heard by a three judge panel of the Court of Appeals for the Federal Circuit (CAFC) in Washington DC. The CAFC is the primary court in the United States that hears appeals of patent cases from the lower district courts and from the ITC.
Solomon's briefs in the case are available for review at www.solomontechnologies.com
Peter W. DeVecchis, President of Solomon commented, "We are pleased and encouraged with the arguments presented to the CAFC and believe that the critical issues of claim construction will decide this case. While we cannot predict the outcome, we believe our brief and presentation directed the Court to the clear language of claim 7 in our '932 patent." Mr. DeVecchis added that a decision is expected later in 2008.
As previously announced, 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 Solomon's U.S. Patent Number 5,067,932, primarily relating to Toyota's use of the Hybrid Synergy Drive technology in its Prius and Highlander Hybrid vehicles. On January 11, 2006, Solomon filed an additional complaint against Toyota with the ITC seeking to exclude importation of the infringing technology. The action against Toyota and its affiliates in the United States District Court for the Middle District of Florida, Tampa Division, has been stayed pending resolution of the ITC action.
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.