News Release

SOLIGEN REPORTS CONSIDERABLY IMPROVED FOURTH QUARTER AND YEAR END RESULTS FOR FISCAL 1998

-- Soligen Produces Intake Manifold in the Winning Daytona 500
Race Car for GM Motorsports --

Northridge, CA, June 30, 1998 -- Soligen Technologies, Inc. (AMEX: SGT.EC) today announced audited improved results for the fourth quarter and year end of fiscal 1998. Soligen's revenues for the final quarter of fiscal 1998 hit a record of $1,780,000, up 13% from the previous record set in the fourth quarter of fiscal 1997. Net loss for the fourth quarter was $101,000, or $0.00 basic and diluted loss per share, compared with $251,000, or $0.01 basic and diluted loss per share, in the fourth quarter of fiscal 1997. Revenue for the year ended March 31, 1998 increased 30% to $5,465,000, as compared to the $4,203,000 in fiscal 1997. Net loss before non-cash expenses for fiscal 1998 was reduced to $778,000, as compared to a loss of $982,000 reported in fiscal 1997. Net loss for the year ended March 31, 1998 declined to $969,000, or $0.03 basic and diluted loss per share, a 35% improvement over the loss of $1,492,000, or $0.05 basic and diluted loss per share reported in fiscal 1997.

In fiscal year 1998, combined revenues from Soligen's Parts Now and DSPC product lines increased 59% to $4,019,000, up from the $2,534,000 reported in fiscal year 1997 and from $797,000 in fiscal year 1996.

"This year Soligen completed a multi-stage development program with GM Motorsports to produce a new intake manifold for the car that won the Daytona 500 race," said Yehoram Uziel, President and CEO of Soligen Technologies, Inc. This program enabled the development team at GM Motorsports to optimize the manifold's performance quickly by using Soligen's proprietary Direct Shell Production Casting (DSPC) to produce functional manifolds directly from their Computer Aided Design (CAD) files. Once the design was completed and approved, Soligen manufactured a set of production casting tools and delivered complete casted and machined manifolds in four weeks.

"The paradigm shift involved in the production of this manifold enabled the development team to spend more time in development without sacrificing the original production schedule," said Uziel.

Soligen's Direct Shell Production Casting (DSPC) technology is a proprietary metal casting process. DSPC produces the ceramic molds for metal casting directly from a Computer Aided Design (CAD) file, thus eliminating the need for tooling in the fabrication process of conventional ceramic or sand molds that are needed for casting metal parts.

Soligen's computerized Rapid Manufacturing services, trademarked Parts Now, combines DSPC, several conventional casting and Computerized Numerical Controls (CNC) machining technologies. Parts Now substantially reduces the time and costs of bringing new products to market by quickly fabricating cast and machined metal parts from the engine er's CAD file, regardless of their complexity. This rapid time-to-market is accomplished by expediting both the development stage and the launch into serial manufacturing of cast metal parts. DSPC eliminates the need for casting tools at the development stage. In addition, once the casting design is complete and the part is approved for serial production, steel patterns, and molds for cores, lost foam patterns or die casting molds are produced quickly by DSPC. These tools are then launched with conventio nal foundries yielding a rapid "one stop-shop" for complex cast metal parts. Soligen has established repeat business with a diverse customer base in the automotive, aerospace, turbine, valve and pump markets.

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.

DSPC^® and Parts Now^® are registered trademarks of Soligen Soligen Technologies Inc.

		Three Months Ended March 31,		Year Ended March 31,
		1998	1997	1998	1997
Revenues		$1,780,000	$1,576,000	$5,465,000	$4,203,000
Net income (loss) before non-cash adjustments		$(27,000)	$9,000	$(778,000)	$(982,000)
Non-cash adjustments for compensation and interest		$(74,000)	$(260,000)	$(191,000)	$(510,000)
Net loss		$(101,000)	$(251,000)	$(969,000)	$(1,492,000)
Net loss per basic and diluted share		$(0.00)	$(0.01)	$(0.03)	$(0.05)
Weighted average number of shares outstanding		$32,682,000	$31,375,000	$32,351,000	$30,233,000