Press Releases and Announcements
Solomon Files ITC Complaint Against
Toyota
TARPON SPRINGS, Fla., Jan. 11, 2006 (PRIMEZONE)
-- Solomon Technologies, Inc. (OTC BB:SOLM.OB
- News)
announced today that it has expanded its litigation against
Toyota by filing a complaint with the United States International
Trade Commission (ITC) in Washington D.C. This action is in
addition to the action already filed in the United States
District Court for the Middle District of Florida. The ITC
acts as an administrative investigative body to determine,
among other things, whether or not goods imported into the
United States infringe U.S. patents.
Solomon President Peter W. DeVecchis, Jr.,
said, "The filing of the ITC complaint is the next step
in our effort to fully prosecute the alleged infringement
by Toyota and to protect our valuable intellectual property.
We believe that the ITC's streamlined administrative process,
as well as the technical depth of the ITC staff, will be helpful
in expediting and supporting our claims.'' He continued, "While
the ITC can not assess damages against an infringer, it can
issue an exclusion order prohibiting the importation of infringing
technology. We will continue our effort to protect our intellectual
property to the fullest extent possible.''
As previously announced, Mintz, Levin, Cohn,
Ferris, Glovsky and Popeo, P.C. has agreed to represent Solomon
in its pending claims against Toyota. 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 U.S. Patent Number 5,067,932,
primarily relating to Toyota's use of the technology in its
Prius and Highlander Hybrid vehicles.
If Solomon is successful in its ITC action,
Toyota could be prohibited from importing into the United
States infringing combination motor and transmission systems
and those products containing such systems, including the
Toyota Prius and Highlander models.
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
or
Crescent Communications
David Long, 203-226-5527
www.crescentir.com
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