NORTHRIDGE, CA--February 2, 2001 - Soligen Technologies, Inc. (OTC BB:SGTN), a rapid manufacturer of complex metal parts using proprietary technology, today announced operating results for the three months and nine months ended December 31, 2000.

Revenues were $1,442,000 for the quarter ended December 31, 2000 compared to $1,862,000 in the similar quarter last year. As a result revenues for the nine months ended December 31, 2000 were $4,885,000 as compared to $5,230,000 in the corresponding year-earlier period.

The net loss for the quarter ended December 31, 2000 was $412,000 or $0.01 per share compared to a net loss of $218,000 or $0.01 per share, in the corresponding year-ago period. The net loss for the nine months ended December 31, 2000 was $1,110,000 or $0.03 as compared to a net loss of $739,000 or $0.02 in the corresponding period last year.

"The December quarter was affected by discretionary spending freezes implemented by certain companies in the automotive sector, resulting in a disappointing quarter for Soligen. At the end of the September quarter we started an activity to accommodate for possible delays in projects that were on our backlog for the third quarter. This included a major sales effort to supplement for delayed revenues," said Yehoram Uziel, Chairman and Chief Executive Officer, "we are encouraged by the fact that Soligen achieved its highest one month booking total in the Company's history in December 2000." Mr. Uziel noted "Soligen has developed repeat business in the aerospace industry in addition to the Big Three automotive companies, their affiliates and suppliers. In the last quarter we have experienced heightened customer satisfaction as the result of improved delivery cycles due to Soligen's completion of its dual casting program allowing for casting capabilities at both its production facilities in Northridge and Santa Ana."

Soligen is able to rapidly manufacture cast metal parts, bypassing the traditional need for tooling, by employing Soligen's DSPC® technology. The DSPC technology is a proprietary fabrication process for metal parts that produces ceramic molds for metal castings directly from a CAD file. Consequently, it enables postponement of design and the fabrication of expensive and time consuming casting tooling until after the parts are functionally tested, thus increasing the probability of making production tooling once and correctly on the first attempt. Additionally, Soligen rapidly produces production tooling for larger runs of metal castings from the same CAD file as the approved part. By combining three key production elements: DSPC® technology, conventional casting methods, and Computerized Numerical Control (CNC) machining practices, the Company has created the first "one stop shop" for functional metal parts that are made directly from a CAD file and that are ready for assembly. This complete service, trademarked as Parts Now®, has become a single source for rapidly manufactured metal parts.

DSPC® and Parts Now® are registered trademarks of Soligen.

Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad, timing of development and release of new products by strategic suppliers and customers, the effect of the Company's accounting policies and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

###

Contact:

Yehoram Uziel, CEO

Soligen Technologies, Inc.

(818) 718-1221

yehoram@soligen.com