BNET Industries

Solomon Technologies Inc.

(SOLM) is in the Manufacturing Industry

Market Cap:$873.8K
Last Fiscal Year Sales:$7.9M
  • 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. ...

President of Solomon's Technipower SubsidiaryAnthony F. Intino II
Number of Employees 135
Contact Information

1224 Mill St Bldg B

East Berlin, Connecticut 06023

www.solomontech...

(727) 859-4447

NAICS Code Motor and Generator Manufacturing: 335312

News & Analysis

solomon technologies inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Anthony F. Intino II President of Solomon's Technipower Subsidiary
Jack Worthen President
Peter W Devecchis President
Samuel Occhipinti Chief Financial Officer
Michael A Damelio Vice President and Director

Board of Directors

Name (plus bio) Position
Gary M Laskowski Director, Chairman of the Board and Vice President
Ken Przysiecki Director and Chairman of the Audit Committee
Thomas A Kell Director and Chairman of the Compensation Committee
D Shannon Leroy Board of Directors
Dave Parcells Board of Directors
Duane L Crisco Board of Directors
Glen Wegner Board of Directors
Jonathan D Betts Board of Directors
Organization Position Status
Solomon Technologies, Inc. President of Solomon's Technipower Subsidiary Current
Organization Position Status
Solomon Technologies, Inc. President Current
SatCon Technology Corporation President Current
Sipex Corporation Senior Vice President of Sales Former
Zywyn Corporation Vice President of Sales Former
Sipex Corporation Vice President of World Wide Sales Former
SatCon Technology Corporation Vice President & General Manager, SatCon Electronic Former
Babson College BS degree in Marketing Former
Organization Position Status
Solomon Technologies, Inc. President Current
United Abrasives Inc. Vice President, Sales and Marketing Former
Consumers Interstate Corp Vice President, Sales Former
University of New Haven MBA Former
Organization Position Status
Solomon Technologies, Inc. Chief Financial Officer Current
The Technology Company, Inc. Chief Financial Officer Former
The Technology Company, Inc. Executive Vice President Former
Boston College BA In Finance Former
Organization Position Status
Solomon Technologies, Inc. Director, Chairman of the Board and Vice President Current
Solomon Technologies, Inc. Director, Chairman of the Board and Acting Principal Executive Officer Current
Organization Position Status
Solomon Technologies, Inc. Vice President and Director Current
Grace Matthews, Inc. Partner Current
Solomon Technologies, Inc. Board of Directors Current
Organization Position Status
Cruise Planners Inc. President Current
Solomon Technologies, Inc. Director and Chairman of the Audit Committee Current
Schoolfinances.Com, Inc Director Current
Solomon Technologies, Inc. Board of Directors Current
MDI Entertainment LLC Senior Vice President of Accounting and Administration Former
American International College BS In Business Administration Former
University of Hartford Former

Thomas A. Kell, Director . Mr. Kell has been a director of our company since June 2007. From 2001 to 2004, Mr. Kell served as Chief Executive Officer of Ames Safety Envelope in Somerville, Massachusetts. He served as Chief Executive Officer of NorthStar Chemicals in Cartersville, Georgia from 2004 to 2007. Currently, Mr. Kell serves as Chief Executive Officer of CBL Systems LLC in Milford, Massachusetts. Mr. Kell holds a BSIE degree in Engineering from Cornell University and an MBA from Harvard University.

Organization Position Status
Cbl Systems Chief Executive Officer Current
Solomon Technologies, Inc. Director and Chairman of the Compensation Committee Current
Solomon Technologies, Inc. Board of Directors Current
Northstar Chemicals, Inc Chief Executive Officer Former
Ames Safety Envelope Company, Inc. Chief Executive Officer Former
Harvard University MBA Former
Organization Position Status
Solomon Technologies, Inc. Board of Directors Current
The University of North Carolina at Chapel Hill BA Degree In Political Science Former

David J. Parcells, Director. Mr. Parcells has been a director of our company since September 2005. Since December 2003, he has served as Chief Financial Officer of Garrity Industries, Inc, a privately held manufacturer and leading supplier of flashlights under the Garrity brand name. From January 2000 to September 2003, Mr. Parcells was Vice President and Chief Financial Officer for eLOT, Inc, a publicly traded internet company serving the lottery industry. From September 1998 to January 2000, he was President and Chief Financial Officer of Sentinel Business Systems, a privately held bar code data collection software provider and systems integrator. Mr. Parcells is a CPA and holds a BS degree in Accounting from Providence College. We have determined that Mr. Crisco and Mr. Parcells are independent. In determining which directors are independent, we use the definition set forth in NASDAQ Marketplace Rule 4200. We have two committees - an audit committee and a compensation committee. Our audit committee comprises Mr. Crisco, Mr. Parcells and Mr. Laskowski. Mr. Laskowski is not independent. Our compensation committee comprises Mr. Crisco and Mr. Parcells.

Organization Position Status
Garrity Industries, Inc. Chief Financial Officer Current
Solomon Technologies, Inc. Board of Directors Current
Garrity Industries, Inc. Controller Former
Providence College BS Degree In Accounting Former
Organization Position Status
Solomon Technologies, Inc. Board of Directors Current
Swingbridge Capital Managing Director Former
Swingbridge Capital Partner Former
University of Connecticut BS Degree In Finance Former
Organization Position Status
Solomon Technologies, Inc. Board of Directors Current
Washington College of Law J.D. Degree Former
University of Washington M.D. Degree Former
Organization Position Status
Solomon Technologies, Inc. Board of Directors Current
Medical Electronics Company, Inc. Regional Sales Manager Former
Technologytransitions Board of Directors Former
Boston University Bachelor's Degree In Electrical Engineering Former
Technologytransitions Member Former
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     SOLM $0.00 +0.00 (3.45% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 496,759
Shares Outstanding 216.30M
Market Cap 648.9K
Year High 0.029
Year Low 0.001
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

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