I like the name change.
"Solomon Technologies" means little except possibly to current investors and the few, mainly marine, customers of the ST range of motors. Their Technipower division has been making all the good financial news for this company and Solomon has, effectively over the past year or more, been subsumed by it both financially and physically. I am sure that the future for this revised company is technically sound, and that they either have, or will develop, products that have a great future.
The RS looks to me (and I am a newbie in such matters) like a bit of corporate housekeeping that is intended to give the "new" company a headstart by taking it out of the penny share range - whether that works will be interesting to see, but perhaps one of the experts on this forum can tell us whether as the SOLM share price has been kept artificially low by dilution over the past 6 months it could, at the appropriate time, be massaged in the other direction to give Technipower Systems a good start.
