DANBURY, Conn., Oct. 22 /PRNewswire-FirstCall/ -- Technipower Systems, Inc. (TECZ.PK), formerly Solomon Technologies, Inc., today provided a detailed overview of its Electric Transaxle(TM) in a white paper posted on its web site, http://www.technipowersystems.com/et-whitepaper. The Electric Transaxle encompasses patented technology that provides a unique value proposition and unparalleled flexibility in a wide range of vehicular applications. As a drop-in drive train for either OEM or retrofit electric vehicle applications, the Electric Transaxle replaces the vehicle's transmission, driveshaft and differential axle -- all within a compact envelope. The Electric Transaxle offers substantially increased vehicle efficiency, easy adaptation to existing vehicle space constraints, broad scalability for varying power requirements and complete function programmability for all operating conditions. The white paper provides both the technical and non-technical reader with details on the fundamental principles of the Electric Transaxle and the unique characteristics that make it flexible in a broad array of uses. Peter DeVecchis, Jr., President of Technipower, commented, "The Electric Transaxle is a disruptive technology that is the first motor/transmission device that can be built into the space constraints of a traditional differential axle assembly, while at the same time providing great flexibility and control over a wide range of operational modes. The US government's enactment of new energy credits for Plug-in Electric Vehicles (PEV's) and the general increase in visibility for vehicle electrification add substantially to the market for the technology." DeVecchis continued, "Although the breadth of retrofit applications in the US alone is tremendous, there are many other interesting opportunities in larger vehicle platforms in both the military and commercial sectors. With the underlying technology in the Electric Transaxle already well developed in numerous passenger vehicles, we are confident that our focus in the renewable energy segments will be a great benefit to our stakeholders in the near term." Information about Technipower Systems, Inc.: 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. 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. 203-748-7001 Ext. 212 http://www.technipowersystems.com/ DATASOURCE: Technipower Systems, Inc. CONTACT: Peter W. DeVecchis, Jr. of Technipower Systems, Inc., +1-203-748-7001 Ext. 212 Web Site: http://www.technipowersystems.com/

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