Solomon Technologies

Press Releases and Announcements

Privilège BecomesThird French Cat to Offer STI Drive

395 will be first Privilège to go electric

A third French catamaran manufacturer has joined the list of OEM builders now offering STI electric power drive systems. Alliaura Marine, builder of prestigious Privilège luxury cats, will begin construction this Fall of its first STI-electric vessel - a Privilège 395.

The new electric cat is a joint venture between Alliaura, Solomon Technologies and a U.S. Privilège dealer, The Catamaran Company of Ft. Lauderdale, FL, which is also Lagoon's largest US dealer.

The companies plan to introduce the electric Privilège 395 at the Miami Strictly Sail Boat show February 17-21.

Defining business paradigm
"Once again a major French manufacturer has recognized the benefits of our system," says STI founder Dave Tether. "We think this kind of partnership will be the 21st century's defining business paradigm: A small high-tech company like ours comes up with a revolutionary, environmentally friendly technology. A farsighted manufacturer recognizes the competitive advantage the technology will bring. And an aggressive dealer introduces the product to the broadest possible market."

395 offers easy water access
from the cockpit

395 off Les Sables D'Olonne

Lagoon and CatCo first
STI's first Franco-American partnership was with The Catamaran Company and Lagoon, a subsidiary of Groupe Bénéteau of Bordeaux, France. Next came Long Island dealer Aeroyacht in partnership with catamaran builder Edel of Honfleur, France.

Now STI and The Catamaran Company are partnering with Alliaura, of Les Sables D'Olonne, France, the same Bay of Biscay port where Lagoon cats are launched. "The French and their American dealers have taken the lead in recognizing the market potential of motoring with the environment in mind," says Dave.

Extra bow room
At 39'5" LOA with a 21'6" beam, the new Privilège 395 is a compact luxury cruiser that packs in a large amount of belowdecks living space. The Privilège central bow pod adds additional interior volume without noticeably increasing the boat's exterior dimensions. Yet inside, the pod provides enough additonal space for another berth.

Pod extension between bows houses roomy central berth space

Diesels cut from 3 to 1
The standard 395 is powered by two 28 hp Volvo diesels and also carries a diesel-powered AC marine generator for onboard appliances. The new electric version will be driven by our 12 hp ST 74 electric motor drives with a 15 kw DC generator for backup.

"That means our system will replace three diesel engines with only one - a smooth-running, DC gen set in a sound-absorbing cocoon," says Dave. "The reduction in noise and polluting exhaust emissions will be enormous."

Alliaura also builds Privilège 37, 435, 465, 585 sailing catamarans and 42 and 48 ft power cats.

585 quayside at Les Sables

Information about Solomon Technologies, Inc.:
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™ 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.

Solomon Technologies, Inc.
Peter DeVecchis, 727-934-8778

Crescent Communications
David Long, 203-226-5527
www.crescentir.com