Solomon to Power Passenger Ferries.TARPON tarpon (tär`pŏn), common name for members of the family Elopidae, large herringlike game fish of the warm seas of the Western Hemisphere, ranging occasionally from Long Island to Brazil and to the west coast of Africa and entering freshwater SPRINGS, Fla. -- Solomon Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SOLM) announced today that it has been selected to propel the first pair of electric passenger ferries in the picturesque English Lake District. "This is the second set of tour boats to be powered by our system," said Dave Tether tether to tie an animal up by the head or neck so that it can graze but not move away. See also barton tether. , the founder of Solomon. "Our first pair of tour boats have been ferrying passengers along a restored pre-Civil War canal in Augusta, Georgia. The first of these tour boats was launched in October, 2003 and the second followed in April, 2004. Both have provided flawless service." The Coniston Launch Company of Cumbria will convert its two 40-foot traditional wooden launches from diesel propulsion to Solomon's 12 hp ST 74 Electric Drives. Coniston Launch owners Gordon and Margaret Hall are "delighted to have found the right solution with Solomon Technologies, and are very excited to be embarking on this endeavor using Solomon's propulsion system Noun 1. propulsion system - a system that provides a propelling or driving force system - instrumentality that combines interrelated interacting artifacts designed to work as a coherent entity; "he bought a new stereo system"; "the system consists of a motor and a ," said Gordon. Nearby Lancaster University Lancaster University (officially the University of Lancaster) is a collegiate campus university in Lancaster, England. The University is frequently placed in the top 20 UK universities in national league tables and in the top 10 for research, notably with its 6* Management intends to provide onboard Refers to a chip or other hardware component that is directly attached to the printed circuit board (motherboard). Contrast with offboard. See inboard. and remote data access to monitor the operating parameters of the boats and their advanced electrical systems for educational and promotional purposes. "It's a truly international effort," says Gordon, noting that the British-built boats will have generators made in Holland, electric drives from the US, and solar photovoltaic cells A semiconductor diode that converts light into DC voltage. Also known as "solar cells," photovoltaic cells are used in a myriad of applications from simple light sensors to complete energy creation systems. See photovoltaic. from Germany. "It's quite an undertaking for a small business like ourselves," he adds, "but someone has got to show that existing diesel craft can be successfully converted to quiet, clean, reliable, vibration-free power, and it might as well be us!" David Tether commented, "We see the ferry transport industry as a prime market for our environmentally sound electric drive system and it opens the door further to the commercial marine industry. We conducted some of our early R&D in England on a traditional canal boat, and we welcome the opportunity to return with a commercial application. We are excited to see our acceptance in the industry continue to grow and look forward to expanding in this marketplace and in other marine applications." Information about Solomon Technologies, Inc. Solomon Technologies, Inc. has been successfully installing and supporting marine installation of its patented and proprietary electric motor drive systems around the world. Solomon currently provides propulsion systems for new and retrofit ret·ro·fit v. ret·ro·fit·ted or ret·ro·fit, ret·ro·fit·ting, ret·ro·fits v.tr. 1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in marine applications as well as motors for high growth, high volume land based vehicle and machinery applications. Solomon, through its proprietary propulsion systems and patented Electric Wheel(R) technology, offers a unique electric motor design with an ability to efficiently regenerate re·gen·er·ate v. re·gen·er·at·ed, re·gen·er·at·ing, re·gen·er·ates v.tr. 1. To reform spiritually or morally. 2. To form, construct, or create anew, especially in an improved state. electricity and leads the way in the recreational boating industry's adoption of the fundamental new technology. FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements regarding Solomon Technologies, Inc. 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 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. |
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