NORTHRIDGE, CA--August 17, 2001 - Soligen Technologies, Inc. (OTC BB: SGTN), a rapid manufacturer of complex metal parts using proprietary technology, today announced operating results for the first fiscal quarter ended June 30, 2001.

Revenues for the quarter ended June 30, 2001 were $1,113,000, a decrease of 30% compared to $1,592,000 in the quarter ended June 30, 2000. Compared to the comparable three-month period a year ago combined revenues for Parts Now® and DSPC® production, Soligen's core business decreased 28% to $969,000 from $1,340,000.

The net loss for the quarter ended June 30, 2001 was $499,000 or $0.01 per share compared to a net loss of $416,000 or $0.01 per share, in the corresponding year-ago period.

Yehoram Uziel, President and Chief Executive Officer of Soligen said: "Parts Now revenues decreased $677,000 or 62% in the quarter ended June 30, 2000 to $424,000 from $1,101,000 in the comparable quarter a year ago. The disproportionate decrease in Parts Now revenues was the result of the continual slowdown in the automotive industry causing programs to be either delayed or cancelled. To augment this shortfall in revenues, Soligen has aggressively penetrated into the aerospace prototype casting market which helped DSPC revenues increase $306,000 or 128% to $545,000 in the quarter from $239,000 in the comparable quarter a year ago. The company also has taken steps to reduce its cash break-even level in order to minimize future cash losses."

Mr. Uziel continued: "In reviewing our sales situation we are proud to say that despite these major reductions in development spending at our customer base, Soligen was successful in increasing its market share of business with our automotive customers. In the last 9 months we added more than 20 new customers, many of them in the aerospace and off-road vehicle markets. I am confident Soligen will come out of this downturn as a stronger company with a broader customer base. This base will result in greater revenue growth as compared to one we have seen in the previous two years. Our rapid growth has been recognized by Delloite and Touche by naming Soligen as one of the Fast 50 technology growing companies in Southern California."

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.

In order to improve communication with shareholders, the Company has created an electronic mailing list. Any person interested in receiving, via e-mail, announcements, copies of press releases from and about Soligen, please forward your e-mail address to: investorinfo@soligen.com.

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.

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Contact:

Yehoram Uziel, CEO

Soligen Technologies, Inc.

(818) 718-1221

yehoram@soligen.com