DANBURY, Conn., Feb. 28 /PRNewswire-FirstCall/ -- Solomon Technologies, Inc. (BULLETIN BOARD: SOLM) announced today that the Court of Appeals for the Federal Circuit (CAFC) in Washington, DC has scheduled oral arguments on Solomon's appeal of the decision by the International Trade Commission (ITC) alleging patent infringement by Toyota Motor Corporation, and certain of its affiliates, for April 11, 2008. Solomon's briefs in the case are available for review on Solomon's website.
Solomon's appeal of the ITC's decision is based on the ITC's interpretation of the applicable law and previously established CAFC precedents as they relate to Solomon's '932 patent. Solomon believes that the proper application of the law in this case will result in a reversal of the ITC decision. In its appeal, Solomon cites a number of well settled points of law that Solomon believes were either ignored or misapplied by the ITC in the case.
The CAFC is the primary court in the United States that hears appeals of patent cases from the lower district courts and from the ITC. The points of law raised by Solomon's case have, in part, been established through precedents issued by the CAFC in previous cases.
Peter W. DeVecchis, President of Solomon's Motive Power Division commented, "As we continue to prosecute our appeal of the Toyota matter we are pleased that the case has been scheduled for oral argument in the next forty five days. Although patent litigation is never quick, simple or inexpensive, we believe that the critical issues in the case rely substantially on points of law that have been well settled by this court in the past. We also believe that CAFC's review of this case, in the context of its own precedents, is helpful to Solomon in properly framing the fundamental issue in the case." He continued, "We are confident that the appeal to the CAFC not only provides the best forum by which to establish the proper interpretation of our patent claims but also gives us a broad set of options to pursue full and fair remedies against Toyota, and other potential infringers, in the future."
Mr. DeVecchis concluded, "While our business model does not depend in any way on the outcome of this case, we intend to vigorously pursue all infringements of our intellectual property."
As previously announced, Solomon brought suit against Toyota Motor Corporation, Toyota Motor Sales U.S.A. Inc. and Toyota Motor Manufacturing North America in the United States District Court for the Middle District of Florida, Tampa Division, on September 12, 2005, claiming infringement of Solomon's U.S. Patent Number 5,067,932, primarily relating to Toyota's use of the Hybrid Synergy Drive technology in its Prius and Highlander Hybrid vehicles. On January 11, 2006, Solomon filed an additional complaint against Toyota with the ITC seeking to exclude importation of the infringing technology. The action against Toyota and its affiliates in the United States District Court for the Middle District of Florida, Tampa Division, has been stayed pending resolution of the ITC action.
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
http://www.solomontechnologies.com/
or
Crescent Communications
David Long, 203-226-5527
Solomon Technologies, Inc.
