Airtrax Begins Marketing Latest Omni-Directional Vehicle, MP2(TM)
01/13/2005
Airtrax Begins Marketing Latest Omni-Directional Vehicle, MP2(TM) Thursday January 13, 12:09 pm ET HAMMONTON, N.J., Jan. 13 /PRNewswire-FirstCall/ -- Airtrax, Inc. (OTC Bulletin Board: AITX - News), a developer of patented, omni-directional technology with military and commercial applications, announced today that the Company has begun marketing its latest model of Omni-Directional vehicles, the MP2(TM) Mobility Platform. (Photo: http://www.newscom.com/cgi-bin/prnh/20050113/PHTH029 )
The MP2 utilizes Airtrax's patented omni-directional wheels. Originally designed for carrying and loading munitions for carrier-based military aircraft, the MP2 also has a variety of commercial uses. The MP2 platform supports ride-on, walk-behind or autonomous control and can be configured to any wheelbase with wide range load capability. President and CEO of Airtrax Peter Amico stated, "The MP2 is an important addition to our line of omni-directional vehicles. Its many capacities for military and commercial uses have encouraged a variety of companies to contact us. Airtrax has received requests from numerous companies about the MP2, indicating a number of possible future purchases. We expect initial strong interest to translate to sales of MP2 beginning this year." Amico concluded, "With the marketing of our three product lines, the Sidewinder, Airtrax-MEC Phoenix, and MP2, underway, Airtrax expects to drive the commercial acceptance of omni-directional technology that combines increased safety and affordability with a potential for reduced material handling costs." 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, the MEC-Airtrax Phoenix(TM) aerial work platform (AWP), and MP2(TM) Mobility Platform 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 has the potential to reduce maintenance costs, delivering potential 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 involved 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. 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
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