BNET Industries

Solomon Technologies Inc.

(SOLM) is in the Manufacturing Industry

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. ...

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

Recent Events

  • Solomon Technologies Introduces New MOBILE OFF-GRID Instant SolarTM

    9/28/09 - Product Announcement - View Story

  • Solomon Technologies' Subsidiary Launches Instant SolarTM Product

    8/31/09 - Product Announcement - View Story

News & Analysis

solomon technologies inc. - All News and Analysis