DANBURY, Conn., May 15 /PRNewswire-FirstCall/ -- Solomon Technologies, Inc. today announced the addition of Nasser H. Kutkut, Ph.D. to its corporate Advisory Board. Dr. Kutkut is a well known inventor, designer and expert in the fields of energy storage, high power density power supplies and intelligent, rapid battery charging technologies used in industrial and commercial applications. Dr. Kutkut will be responsible for providing support to the company's technical and market thrust in the alternative energy and motive power fields, including hybrid electric vehicles.
Dr. Kutkut is the founder and CEO of Madison, Wisconsin based Power Designers, LLC, a power electronics company specializing in the development and manufacturing of battery management products. He served as past Senior Scientist at Soft Switching Technologies and has been the inventor/co-inventor of numerous patents with over 15 years of experience in a variety of high technology arenas. He has authored many papers and presentations on various battery charging, monitoring and maintenance topics and has spoken at numerous international conferences and events. He has a B.S.E.E. from Jordan University of Science & Technology; a M.S.E.E from the University of Illinois; and a Ph.D. and an MBA from the University of Wisconsin.
"I am pleased that Nasser has agreed to join our team on the Advisory Board" said Jim Dunn, Chairman of Solomon's Advisory Board. He continued, "Nasser's entrepreneurial background and extensive marketing and engineering experience will be a great help to us as we focus the power management endeavors of the company into new business areas in renewable and alternative energy segments."
Dr. Kutkut commented, "I am excited about assisting Peter and Jim in identifying and penetrating new segments in which Solomon's existing and developing technology can be adapted and focused. It appears that there are many product/market expansion alternatives before us. Our biggest task will be in identifying the most interesting ones and helping the operating team execute effectively."
Peter Devecchis, President of Solomon commented "With the addition of Nasser to our group of advisors we will be better able to assess the myriad opportunities for our technologies and focus our efforts on those that are most beneficial to the Company's long term growth potential. We all look forward to working with him as we move aggressively to grow the Company both internally and through acquisition."
Information about Solomon Technologies, Inc.:
Solomon Technologies, Inc., through its Motive Power and Power Electronics divisions, develops, licenses, manufactures and sells precision electric power drive systems, including those utilizing its patented Electric Wheel(R) Electric Transaxle(TM) and hybrid and regenerative technologies as well as direct current power supplies and power supply systems requiring high levels of reliability and ruggedness for defense, aerospace, marine, commercial, automotive, hybrid electric and all electric vehicle applications.
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 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.
Contact:
Solomon Technologies, Inc.
Peter DeVecchis, 727-859-4447
www.solomontechnologies.com
or
Crescent Communications
David Long, 203-226-5527