HAMMONTON, NJ--(MARKET WIRE)--Jan 5, 2005 -- Airtrax, Inc. (OTC BB:AITX.OB - News), a developer of patented, omni-directional technology with military and commercial applications, announced today that the Company has begun production of the first ten units of Sidewinder(TM) Omni-Directional Lift Trucks.

The first Sidewinder production model has been completed and will be showcased at ProMat 2005, the most comprehensive exhibit of material handling and logistics equipment, systems and technologies in the United States. Sponsored by the Material Handling Industry of America (MHIA), ProMat 2005 will be held on January 10 - January 13, 2005 at the

President and CEO of Airtrax Peter Amico stated, "With the initial wheels received, we have begun the production process and plan to move as quickly as possible to start to fill existing, multiple orders from our dealership network, as well as the recently signed distributors in Canada and the United Arab Emirates. We have begun production on the first ten Sidewinder units, and are on pace to generate revenues in the current quarter. Our participation in ProMat 2005 supports our efforts to reach influential buyers in the material handlings industry. We are excited to demonstrate the Sidewinder and our omni-directional technology, deemed a disruptive and industry changing technology, during ProMat 2005. The increased exposure of this event could translate to new orders and distribution partnerships for our exciting Airtrax vehicle."

About Airtrax, Inc.

A U.S.-based developer of omni-directional technology, Airtrax designs and manufactures omni-directional vehicles. A patented wheel was designed and developed by Airtrax after receiving a technology transfer from the US Navy in the form of a Cooperative Research and Development Agreement (CRADA). The Sidewinder(TM) Omni-Directional Lift Truck and the MEC-Airtrax Phoenix(TM) aerial work platform (AWP) are the first omni-directional vehicles using omni-directional technology and the patented Airtrax wheel to be commercially produced. Unlike any other lift truck, the Sidewinder or the Phoenix AWP can turn 360 degrees in its own footprint, allowing warehouses to utilize 20 to 30% more of existing space. The nearly maintenance-free design also drastically reduces maintenance costs, delivering tremendous cost efficiencies to companies both large and small. The omni-directional wheel is manufactured under exclusive production rights to Airtrax. For more information and to view a must-see product demonstration, visit .

The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.

Contact:

For more information, contact:

OTC Financial Network

Gary Geraci

Investor Relations

781-444-6100 x629

garyg@otcfn.com

See also http://www.otcfn.com/aitx

Back