News Release

Northridge, CA, April 18, 1997 -- Soligen Technologies, Inc. (AMEX:SGT.EC) today announced that based on unaudited results, the Company expects to report considerably improved fourth quarter and year ended results for fiscal 1997. "Notably, Soligen's sales have been improving steadily throughout the year, while our operating losses have substantially narrowed," explained Yehoram Uziel, President and CEO of Soligen Technologies.

Based on unaudited numbers Soligen anticipates to be break-even for the final quarter of fiscal 1997, compared to a loss of $1,084,000, or $(0.04) per share in the fourth quarter of fiscal 1996. "We have established a blue chip customer base that is providing an expanding flow of repeat orders," said Mr. Uziel. For the final quarter ended March 31, 1997, total revenues are expected to reach $1.577 million, an increase over 100% from the $753,000 reported in the same period last year.

In fiscal 1997, combined revenues from Soligen's Parts Now service and the DSPC center are expected to triple to approximately $2.534 million from $797,000 in fiscal 1996."The first Parts Now program in which we took a part from prototype to production was completed in the second quarter of fiscal 1997," Mr. Uziel said. "The increase in Parts Now revenues, the area of our core competency, is encouraging because this is where we expect to see future growth."

Revenues for year ended March 31, 1997, increased approximately 50% to $4.2 million as compared to $2.815 million in fiscal 1996. Net loss before extraordinary expenses for fiscal 1997 is expected to drop to about $980,000 as compared to a loss of $1,474,000 reported in fiscal 1996. The Company incurred a one-time non-cash interest expense in the second quarter of fiscal 1997 of $250,000, associated with the conversion of outstanding debentures to equity. Fiscal 1996 net income includes a one-time non-cash write-off of $698,000 from the acquisition of the foundry assets and the costs of establishing the Parts Now web site. Net income for the year ended March 31, 1997 is expected to decline to a loss of approximately $1.2 million, about a 43% improvement over the loss of $2.172 million reported for fiscal 1996.

Soligen's DSPC technology is a proprietary fabrication process for metal parts that produces ceramic molds for metal casting directly from a CAD file. By using the DSPC technology, Soligen is able to produce a first article metal part bypassing the traditional need for tooling. Additionally, Parts Now 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) machine 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. As a result, Parts Now has become a single source for out-sourcing of metal parts.

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. Future results may vary significantly based on a number of factors, including, but not limited to, risks in market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.