CORRECTING and REPLACING Solitron Devices, Inc. Announces Fiscal Year Ended, February 28, 2010

Fifth graph of release, second sentence should read: "While we have substantial backlog and much improved orders intake, like others we have no clear viability about a continued macroeconomic rebound, thus, we remain conservative and have taken steps to reduce and manage our cost structure and conserve cash which is reflected in the fiscal year results.”

(sted "Like others we have no clear viability about a continued macroeconomic rebound, thus, we remain conservative and have taken steps to reduce and manage our cost structure and conserve cash which is reflected in the fiscal year results.")

The corrected release reads:

SOLITRON DEVICES, INC. ANNOUNCES FISCAL YEAR ENDED, FEBRUARY 28, 2010

Solitron Devices, Inc. (OTCBB:SODI) reported net revenue of $7.723 million for the fiscal year ended February 28, 2010, a decrease of 8.7% as compared with a net revenue of $8.459 million for the prior fiscal year.

“We believe that the decline in revenue was due mainly to the slow down in the global economy and slow down in defense spending, a pattern that has lasted now for five quarters. It appears that the decline may have leveled out,” said President/CEO, Shevach Saraf.

Gross profit was $1.849 million or 24% of net revenue for the fiscal year ended February 28, 2010 as compared to gross profit of $2.121 million or 25.1% of net revenue, for the prior fiscal year.

Net income for the fiscal year ended February 28, 2010 was $770,000, or $0.31 per diluted share, as compared with a net income of $969,000 or $0.39 per diluted share for the prior fiscal year.

President and CEO, Shevach Saraf stated, “Even companies like Solitron, which stand on strong fundamentals and well managed cash flows, are not immune to current market conditions. While we have substantial backlog and much improved orders intake, like others we have no clear viability about a continued macroeconomic rebound, thus, we remain conservative and have taken steps to reduce and manage our cost structure and conserve cash which is reflected in the fiscal year results.”

Solitron Devices, Inc. designs, develops and manufactures power hybrids, power semiconductor components and related devices primarily for the aerospace and military market. For more information please visit our website at www.solitrondevices.com.

Solitron designs and manufactures high performance, high density, high quality power components and circuitry. Solitron supports its products and services with a comprehensive Service/Quality program that is second to none.

Some of the statements in this press release are “forward-looking statements,” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current matters. Rather, forward-looking statements are predictive in nature and may depend upon or refer to future events, activities or conditions. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Many factors could cause our actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. Information concerning these factors can be found within our filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Although we believe that these statements are based upon reasonable assumptions, we cannot provide any assurances regarding future results. We undertake no obligation to revise or update any forward-looking statements whether as a result of new information, future events or otherwise.