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The future of metal casting
Corporate Due Diligence > About Soligen 
About Soligen (updated 8/31/00) It's not just what we make,
    it's what we make possible!

Soligen is in the early stages of revolutionizing the $10 billion custom metal casting industry. Making original complex cast metal prototypes is a long and arduous process that typically takes 6 to 12 months using conventional methods. Soligen's unique technology reduces this process to a matter of days. The company is as revolutionary to metal casting as Xerox was to copies, and Polaroid was to photography. Instead of just making two-dimensional images, however, Soligen rapidly produces fully functional three-dimensional metal components.

Voted as one of the "Top 15 New Technologies" by Automotive Engineering magazine and covered in the May, 1998 issue of Fortune magazine, Soligen is the world's first manufacturer of functional prototype cast metal parts direct from computer assisted design (CAD) digital files. In just 5 years, the company's client roster reads like an international Who's Who of automotive firms, including the U.S. Big Three, (Ford, GM and DaimlerChrysler), many of their major tier 1 suppliers, including Delphi, Visteon, Borg Warner, Eaton and others. Overseas, Soligen’s customer list includes European makers like Volvo, Mercedes, Opel and Rover, Japanese makers Nissan, Honda and Toyota. Automotive parts made at Soligen have been used for engines in famous NASCAR races for several years in a row. Engine design houses like Lotus, Orbital, FEV and others have used Soligen’s technology to produce some of the most complex cylinder heads ever made. A dozen other industrial giants are repeat customers as well. This includes customers like Boeing, Holset (Division of Cummins), Navistar, Kohler, Mercury Marine, Stanley Tools, ITT, Caterpillar, Polaris and others.

Custom metal casting is a multi billion per year business in the United States. A 5% market share would give the company revenues in the order of hundreds of millions of dollars. The foundry business (the business of casting metal parts) is a trillion-dollar global industry. In the United States, foundries do more than $120 billion annually. Metal casting is one of the few industries left in the world that has not been highly affected by computerized processes. Soligen's technological advances are the first high-technology paradigm shift in casting applications to enter the foundry industry. The company has been able to reduce the time and cost involved in building and testing prototype engine blocks, cylinder heads, manifolds and other metal parts by several orders of magnitude--literally reducing the parts delivery time frame from 6-9 months to as fast as 10-15 days. The company's machines have successfully built, directly from CAD files, everything from functional engine blocks to golf club heads. Furthermore, parts made directly from CAD via Soligen's machines are often more accurate, i.e., closer tolerances and overall dimensions, than those made by conventional prototyping techniques.

Soligen concentrated primarily on automotive prototype parts at first, because management believes that establishing a foothold among automakers is the quickest path to establishing a large, enduring franchising program for its technology.

Soligen's technology has the potential to literally change the entire industrial process, enabling much more rapid product evolutions than were possible just a few years ago. The winning car of the 1998 Daytona 500 utilized an intake manifold made at Soligen's facilities from metal tools rapidly created by Soligen’s equipment. The company's machines literally make possible the production of parts--previously conceivable only in the minds of engineers and scientists--that could not be fabricated due to the complexity of their inner cavities and geometry.

Custom metal casting is only the first stage of Soligen's business model. The company intends to launch a program to joint venture with foundries in the high volume metal casting production business, with Soligen making the production tools (steel molds capable of producing thousands of parts) directly from CAD files. For example, an engine vendor recently contracted with Soligen for the production of thousands of complex marine exhaust manifolds first prototyped in a Soligen machine just a few months earlier. With Soligen’s technology the production tools of this manifold were quickly produced and launched at a mass production foundry working in a joint venture project with Soligen. The result was a significantly reduced cycle time of prototype to production -- a process that would normally take 6-18 months was accomplished in a matter of weeks.

By first establishing the value of its proprietary technology, and making its use a "routine" practice, management believes that production engineers will request steel tools made by the same process in order to shave months or years from the metal parts development cycle. Management believes that by causing this reduction in Time-to-Market, Soligen will become the premier maker of these complex high quality steel production tools, thereby being in a position to select and establish joint ventures with foundries for the mass production of automotive parts. (It is important to note that the company's unique tool making process is still in the development stage and substantial work remains to resolve all technical issues.)

Soligen believes that once a manufacturer or parts developer realizes the benefits of the paradigm shift Soligen offers, they will never leave it. The company's business plan calls for evolving its prototyping business into parts production contracts with the dozens of automotive manufacturers already on its client rolls. It hopes to do this as a logical evolution of its prototyping process by fabricating the production tools (steel molds) required to mass-produce thousands of parts after the Soligen-created prototype is successful. Soligen has demonstrated its ability to create these expensive and difficult production tools using the same process it uses to make its functional metal prototypes. This leverage (adding production tools and production contracts), when successful, has the potential to expand Soligen's revenues dramatically. Instead of only producing prototype and short runs of metal parts, the company plans to also produce the metal molds that will produce many thousands of complex parts.

Soligen Technologies, Inc. is a Wyoming corporation with its common stock listed on the Over–the-Counter Market (OTCBB:SGTN). The Company's wholly owned subsidiary, Soligen, Inc. ("Soligen"), was incorporated in Delaware in October 1991 and commenced operations in April 1992. Soligen was founded specifically to commercialize the DSPC technology. It obtained a worldwide exclusive license to Three Dimensional printing ("3DP"), a technology invented and patented by the Massachusetts Institute of Technology ("MIT"), for the metal casting field which is the basis for the Company’s current DSPC® technology. In April 1993, the Company acquired all of the issued and outstanding shares of Soligen. Prior to the acquisition, the Company was an inactive Canadian company seeking out a suitable business for acquisition or merger, which reincorporated in the State of Wyoming and changed its name to Soligen Technologies, Inc. In June 1994, the Company’s second wholly owned subsidiary, Altop, Inc. ("Altop"), acquired substantially all of the assets of A-RPM Corporation, a foundry and machine shop located in Santa Ana, California. In December 1998 Altop Inc was merged with Soligen, Inc. and Altop ceased to exist as an independent corporation.

In its first three years of operation, the Company focused its efforts on the development of the DSPC technology, which is now substantially complete. During this development program, the Company sold and installed developmental DSPC machines at United Technologies Pratt & Whitney Aircraft Division ("P&W"), Johnson & Johnson ("J&J"), Sandia National Laboratories and Ashland Chemical of Columbus, Ohio (a division of Ashland Oil). In January 1995, the Company established the first DSPC center at the Company’s headquarters in Northridge, California.

The Company’s common stock was formally listed for trading on the American Stock Exchange Emerging Company Marketplace (AMEX:ECM) under the symbol "SGT" and on the Canadian Venture Exchange (the "CDNX"), under the symbol "SGT." On May 24, 1999, the AMEX notified the Company that its common stock listing did not meet their minimum listing guidelines. September 3, 1999 was the last day of trading for the Company’s common stock on the AMEX. The Company’s common stock began trading on the Over-the-Counter Market (OTC Bulletin Board) on September 7, 1999 under the symbol "SGTN."

On March 3, 2000, the Company approved plans to delist its common shares from trading on the CDNX. The Company acted to delist its shares because of the very low volume trading on that market. The last day of trading for the Company’s common stock on the CDNX was April 28, 2000.

Forward Looking-Statements and Associated Risks

This document contains certain forward-looking statements. These forward-looking statements are based largely on the Company's current expectations and are subject to a number of risks and uncertainties. including, among others (i) customer acceptance of the Company's "one stop shop" Parts Now program; (ii) the possible emergence of competing technologies; and (iii) the Company's ability to obtain additional financing required to support its projected revenue growth. Actual results could differ materially from these forward-looking statements. In view of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this document will in fact transpire. Please refer to the Company’s latest 10KSB / 10QSB for more details and prior to making any investment decision in Soligen’s stock.