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DANBURY, Conn., Sept. 28 /PRNewswire-FirstCall/ -- Solomon Technologies, Inc. (Pink Sheets: SOLM) announced, effective today, that it has changed its name to Technipower Systems, Inc. and completed a one-for-one hundred reverse split of its common stock. Technipower's new trading symbol is (Pink Sheets: TECZ). Shareholders will be receiving information on the exchange of their existing stock certificates from the Company's stock transfer agent.

A letter to shareholders, detailing these changes and reviewing the Company's current strategy, is available on Technipower's web site, http://www.technipowersystems.com/images/stories/PDF/shareholderletter92809.pdf .

"In adopting the Technipower name which for 50 years has stood for products and engineering expertise that provide rugged, reliable power conversion technologies, all of our customers will know us as one company with a stable of technologies and products applicable to the markets we serve, including clean energy markets," said Peter DeVecchis, Technipower's president. "We expect that our improved capital structure will enhance our attractiveness to the investment community, help propel our growth into new markets and expand our customer base, all of which will benefit our shareholders."

Information about Technipower Systems, Inc. and Technipower LLC:

Technipower Systems, Inc. (formerly Solomon Technologies, Inc.) and its wholly owned subsidiary design and manufacture electrical and electromechanical power systems requiring high levels of reliability and ruggedness for defense, aerospace, marine and commercial applications. The Company's expansion in to the clean energy markets includes its Instant Solar(TM) ground mounted solar system as well as its patented Electric Wheel® and Electric Transaxle(TM) hybrid/regenerative technologies for hybrid-electric and all-electric vehicles.

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 Technipower Systems, Inc. and Technipower LLC 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 have been identified and discussed from time to time in the Technipower's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and Technipower undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact us for more information
    Technipower Systems, Inc.
    Peter W. DeVecchis, Jr. President
    203-748-7001
    www.technipowersystems.com

SOURCE Technipower Systems, Inc.

RELATED LINKS
http://www.technipowersystems.com/letter