First All Electric GAZTEC Ferry Launched

TARPON SPRINGS, Fla.--June 24, 2005--Solomon Technologies, Inc. (OTCBB:SOLM) announced today the June 3 launch of a Solomon powered passenger ferry built by GAZTEC L.L.C. headquartered in Dubai, United Arab Emirates (UAE). In addition to boat building GAZTEC is involved in marine consultancy, marine equipment procurement, product manufacturing and project management throughout the Middle East and Africa with offices worldwide.

Peter DeVecchis, President of Solomon commented, "This installation is yet another example of the use of the Solomon propulsion system in commercial marine applications. With the UAE being the hub of the Middle East's growing marine industry, GAZTEC's incorporation of the Solomon propulsion system enhances its capabilities in the region significantly."

Early next month Solomon will send an engineer onsite to certify the installation and prepare for the building of the remainder of 150 vessels that GAZTEC expects to produce.

Information about Solomon Technologies, Inc.:

Solomon Technologies, Inc. has been successfully installing and supporting marine installations of its patented and proprietary electric motor drive systems around the world. Solomon currently provides propulsion systems for new and retrofit 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 electricity and leads the way in the recreational boating industry's adoption of the fundamental new technology.