Solomon Technologies Inc.

• Public
• US

Dow Jones Description

Our historical business has been the development, engineering, manufacturing, licensing and sale of electric power drive systems. We are presently implementing a plan to broaden our market and product base and exploit our intellectual property that we expect will generate substantial profits and cash flow. As part of this plan, we intend to grow our business through the acquisition of businesses that fit our strategy and the licensing of our proprietary and patented technologies. We are identifying acquisition targets that we expect will augment our existing intellectual property, engineering resources, marketing channels and human resources and provide strong cash flow. We are also identifying licensing opportunities that we anticipate will leverage our existing or acquired knowledge and provide substantial positive current financial impact while we also aggressively pursue infringers of our existing patents. We cannot assure you, however, that we will be able to identify acquisition targets and licensing opportunities that meet these goals, or if we identify such opportunities or targets that we will be able to take full advantage of them. Our operations presently comprise two divisions: a Power Electronics Division, which encompasses our power systems business, and a Motive Power Division, which encompasses our electric power drive technologies. ...

Number of Employees 135

Contact Information

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